PayPal’s New Withdrawal Feature
Paypal has announced new money withdrawal features to your Visa branded credit or debit card. This funds transfer feature is availabe in 26 countries, including India, Malaysia and Philippines.
Now India, Indonesia and the Philippines can receive funds from 190 markets and 17 currencies but you have to be a verified member to use the new withdrawal features. US$5.00 is a withdrawal fee (or local currency equivalent) per transaction. Currency conversion and return fees may also apply.
If you withdrawal funds to debit card, then funds will appear on your bank account and for credit card, it will show on your credit card statement. PayPal takes 5-7 working days for the transfer but Visa card issuer’s policies may affect the processing time.
It is a good news for Indian professionals. Isn’t it? 
