Paypal money gift service

jacko


Joined: 20/11/2007
Posts: 193

Message Posted:
08/07/2011 12:20

Hi all

Has anyone used the paypal gift service of sending money fom the UK to Cyprus Bank to either faily or friends. Ive read on their site this is a free service or if a charge it is very minimal. If so how do you obtain the money once sent and will your bank charge for this transfer.

Your views please if you have used this service. To be honest it sounds to good to be true, when bank charges for transactions are so high and they claim to do it for little cost.

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
08/07/2011 16:20

Hi Jacko





You send the money and it credits the user's paypal account - they can either use it on ebay or to buy something from someone taking paypal OR withdraw it to their bank account tied to the paypal account

jacko


Joined: 20/11/2007
Posts: 193

Message Posted:
08/07/2011 17:16

Thanks Mark for responding i was told that the money could be used to spend on ebay as you suggested which is very useful to know, but what i would also like to know is there any charges for the latter part you suggested by the bankit goes into from paypal account? as this would be very useful for birthday gifts without the hefty bank exchange rates i incur at present from the UK to Cyprus



"withdraw it to their bank account tied to the paypal account"



Have you or anyone on the forum used this particular service of transfer to your bank accounts?

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
08/07/2011 19:13

I use the withdraw to bank facility nearly everyday.. If it's a UK paypal account to a UK bank it takes 2-3 working days

jacko


Joined: 20/11/2007
Posts: 193

Message Posted:
08/07/2011 21:41

obviously Mark it works well in the UK that good for everyone on the site to know but have you or anyone else used it from the UK to cyprus bank account, and if so were there any charges incurred from the bank? Im sure many who read this will now be interested on this topic.

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
08/07/2011 22:14

Hi Jacko



We have a CY and UK paypal account - money going both ways.. in the case of it arriving in the UK you've already heard what happens - if it comes from the UK to CY it is withdrawn to a debit card.. takes 3/4 working days - costs 2 Euros per withdrawal

BeeKeeper


Joined: 29/09/2009
Posts: 137

Message Posted:
09/07/2011 02:02

Would it be possible to withdraw to a Turkish bank account? If so, how much would this cost and how would I go about setting this up please?



Thank you from an internet unsavvy Beekeeper.

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
09/07/2011 16:32

Sorry - do you mean Turkish - as in Turkey.. - yes - if you have a verified bank account there