Withdrawing from Paypal to bank?

Deposit through pay pal or bank is not a problem but Withdrawal is a problem in many countries. Especially in my country. source of money is verified again and again due anti-money laundering rules. Government may certify the Forex traders to give them exemption from verifying.

Paypal is some thing i will never use in my transaction, in fact if you compare the charge together with that of the wire transfer the difference is very little, so i prefer bank that is secure.

In India you should not withdraw or deposit from bank because RBS bank has restricted forex trading in India.In Pakistan we have no restriction in Trading so we can withdraw from Forex.

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Originally Posted by isbhacker

In India you should not withdraw or deposit from bank because RBS bank has restricted forex trading in India.In Pakistan we have no restriction in Trading so we can withdraw from Forex.

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I think that it is too difficult for us to do, we better use libertyreserve. because it is so simple to be done and do not need too much to verify, but this media can be said is very safe.

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Originally Posted by soumen

I have a confusion about Paypal money withdraw to local bank.
As a lots of Forex brokers accepts Paypal. i want to know that if i deposit or withdraw funds from My bank will the bank question me that 'from where the money is coming?'
if yes then what should i say?

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i say why bank ask you i don't know because bank need some of charge then give my money. its not the meter of the bank. but bank say so i say you can go your Paypal Account and print the transfer copy and give the bank.

I heard that trading Fx is not a problem with GOI/RBI yes remitting out for FX trading is illegal. So if U transfer money from Paypal to Bank, there is no problem. if ur income is taxable why should u not pay income-tax? Pat tax n remain tension-free.

if you use paypal then you should have as much as possible to verify the account, because I think paypal is very strict in dealing with financial transactions, so that even sometimes we feel troubled when I think is better if we use the more convenient as libertyresreve.

for the novice trader as you do not understand the problem if it is not a function of the use of paypal. if you're comfortable with your own way that I think is no problem. I'm sure one day you too will understand the usefulness of paypal.

You can use the e-currency exchanger Internet so that they can directly exchange paypal cash for you think l bank account. it is not a business bank for your question if where you receive money. indeed they should be happy to see their clients who receive money because they can also obtain from it.

at the time of the trading when you get money or make profit then you can withdraw this money by various way, Paypal is one of the best way to withdraw this money and all the country support this way. you can use it from various country.