Withdraw money from PayPal to Sri Lankan Bank
Image via Wikipedia
Please refrain from using this method as GAF is no longer supporting this method. This method is no longer valid.
Though I write this article for Sri Lankans, anyone who has problem withdrawing paypal money can try this out.
As I wrote earlier Sri Lankans can’t receive payment in Paypal, so most of the users register as Indian users and receive payments. But there is an issue that you can’t cash out your money that you have in your paypal account. I was trying several ways and found out a way to cash my money. It’s a work around and you will loose small amount of money in transactions but still you can receive most of your money.
To do this you need to have three accounts
1. PayPal Account
2. Get A Freelancer Account
3. Moneybookers Account
Have you created the accounts??? I presume you have created the accounts
First login to your Get A Freelancer account ->
Go to Manage Accounts ->
Payment Transactions ->
Deposit Money ->
Choose PayPal
Now enter the amount
Click Next
Complete the transaction
Once you have withdraw the money from PayPal to Get A Freelancer, again Click on Payment transactions
Click Withdraw Money
Choose Moneybookers
Choose the amount you wanna transfer to Moneybookers
Complete the transaction
GAF will take about a week to transfer your money to Moneybookers account. From Moneybookers you can wire the money to your local bank accounts.
When you wire all you need is Bank Account Number and the SWIFT code of your bank. Search your bank’s site for SWIFT code or call their customer care and check out the SWIFT code. (Check Commercial bank Swift code)
If you still have any doubts please feel free to ask here.
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Receive Money from PayPal – Sri Lankan Context
We can withdraw money using this technique, but debit card company charging a lot as fee. Found another way to withdraw money to Sri Lankan Bank. Check it out
PayPal
Two years back, I could still remember that we Sri Lankans can’t open PayPal account. Now things have changed and we can open an account in PayPal. But the most annoying thing is we Sri Lankans can’t receive money on Pay Pal while our neighbors such as Indians can receive money.
If you registered an account as Sri Lankan user, then you can’t receive payments from other Pay Pal users. In the other hand if you registered as a Indian, US user you can receive money to you PayPal account but you’ll have a sending limit (500 USD) and you can’t cash that money.
If your sending limit $500 reached then you’ll not be able to send money from your PayPal account. If you’re to send more than $500 then you have to verify your account by adding a credit card.
Recently one of my friends found a way to make it cash. You can withdraw the money to Get A Freelancer.com’s account and then you can withdraw the money using their debit card.
I have already requested for a debit card from them and they have approved my card too but yet to receive my card. Once I receive my card I’ll let you know the answer for the million dollar question, how much convenient will it be?
* Personally I’m not encouraging anyone to do so, till I learn the reality.
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