In this blog I just want to share my experience on with drawing the amount from my PayPal account to my SBI card. This is first time I am doing this kind of transaction.
If you are new to the term PayPal, PayPal is the leading online payment method maintained by the eBay. Those who are doing the online services and want to receive and send money from other countries, PayPal is the God’s gift. It is easy to send and receive money just using their website. For every transaction they will be charging you some fees. When it comes to the developing countries like India, the improvements on the PayPal features are very slow.
In India, we have more options as we can able to with draw money to our local bank account and credit card. The amount will be converted to our local currencies. Last week only first time I have used credit card with draw method. Just want to share the experience.
Time Taken for Creditting to your SBI Card
When you are with draw money to Credit Card, it is the two process involved. Once I done the transaction, I could see the details in my SBI card statement but the amount is not credited and it shows as .00m. I got confused and called to the SBI card support to clarify my doubt.
From their answer, I came to know that it may take upto 45 days for the conversion of USD to INR. But, when transferring to the bank, it happens within 5 days. I am not sure when it will be credited. I will update the post soon with more details.