After The announcement that Paypal has Stopped Withdrawal of Money to Local Banks in India wef 1 August 2010. It is Necessary to Know the Alternative Methods to Cash out your Money present in paypal account…
This Time, Paypal itself is bearing the Check Withdrawal Fees of $5 USD. So If You are an Indian User you could request for Check to withdraw the money.. Paypal will Refund The $5 Amount to your account back.. The Processing Time to Issue a Check is 4 to 6 working days… (Indicated only Processing).. To Receive the Check you have to wait for 4 to 2 weeks depending on your Location …
Step1: Log In to Your PayPal and Click on Withdraw Tab at Top
Step 2: Click on ‘Request a cheque from Paypal’
Step 3: Enter The Amount to Withdraw and Check for the correct delivery Address..
Please Note: The Refund of $5 USD Check Withdrawal fee applies July 29 2010 Onwards… Withdrawal of Money to Bank accounts will be stopped with effect from 1st August 2010..