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Salt...Phone Surgeon wrote:Anything transferred to a credit card would be like paying money to the credit card. If you try to withdraw then you getting hit with cash advance fees
Sinz wrote:Good, assist me if you can please,
I have funds which are to be be transferred to me (in USD), and one of the methods of transfer is PayPal. How easy is it for cash to be transferred and cashed out locally? I bank with FCB and also have a VISA card (not prepaid) in their name.
Thanks in advance guys.
Duane 3NE 2NR wrote:Sinz wrote:Good, assist me if you can please,
I have funds which are to be be transferred to me (in USD), and one of the methods of transfer is PayPal. How easy is it for cash to be transferred and cashed out locally? I bank with FCB and also have a VISA card (not prepaid) in their name.
Thanks in advance guys.
You can have the person transfer the funds to your PayPal account.
The funds will show immediately in your PayPal, however you will have to wait 30 days for the funds to become available.
Once the funds are available you can withdraw the funds to your FCB VISA credit card. This costs US$5 to withdraw up to US$500 per day. Or you can wait until the 1st of the next month and PayPal will automatically withdraw ALL your available balance to your FCB VISA card at NO charge.
It will show as a charge back to your credit card.
Last i checked you will need your bank routing number to add your T&T bank account to PayPal - not all T&T banks work, if any at all.
Payoneer.com lets you add a T&T bank account and withdraw your funds to it, it works just like PayPal.
Sinz wrote:Duane 3NE 2NR wrote:Sinz wrote:Good, assist me if you can please,
I have funds which are to be be transferred to me (in USD), and one of the methods of transfer is PayPal. How easy is it for cash to be transferred and cashed out locally? I bank with FCB and also have a VISA card (not prepaid) in their name.
Thanks in advance guys.
You can have the person transfer the funds to your PayPal account.
The funds will show immediately in your PayPal, however you will have to wait 30 days for the funds to become available.
Once the funds are available you can withdraw the funds to your FCB VISA credit card. This costs US$5 to withdraw up to US$500 per day. Or you can wait until the 1st of the next month and PayPal will automatically withdraw ALL your available balance to your FCB VISA card at NO charge.
It will show as a charge back to your credit card.
Last i checked you will need your bank routing number to add your T&T bank account to PayPal - not all T&T banks work, if any at all.
Payoneer.com lets you add a T&T bank account and withdraw your funds to it, it works just like PayPal.
Thanks so much for the info Duane.
Is a routing number a requirement to transfer the funds from my PayPal to the FCB card? Or is that just for PayPal to my bank account? And if it's the case for the former, that would mean that Payoneer will be the only option available, correct?
Duane 3NE 2NR wrote:A routing number is not needed to withdraw from PayPal to your FCB Visa card.
A routing number is only needed if you wish to wish to withdraw from you PayPal directly to your bank account - this is if you wish to receive the cash.
Payoneer lets you withdraw to your T&T bank account.
Sinz wrote:Duane 3NE 2NR wrote:A routing number is not needed to withdraw from PayPal to your FCB Visa card.
A routing number is only needed if you wish to wish to withdraw from you PayPal directly to your bank account - this is if you wish to receive the cash.
Payoneer lets you withdraw to your T&T bank account.
But if I transfer funds to my CC, I can always withdraw to an ATM. But I guess having it transferred directly takes away the extra step.
Duane 3NE 2NR wrote:Sinz wrote:Good, assist me if you can please,
I have funds which are to be be transferred to me (in USD), and one of the methods of transfer is PayPal. How easy is it for cash to be transferred and cashed out locally? I bank with FCB and also have a VISA card (not prepaid) in their name.
Thanks in advance guys.
You can have the person transfer the funds to your PayPal account.
The funds will show immediately in your PayPal, however you will have to wait 30 days for the funds to become available.
Once the funds are available you can withdraw the funds to your FCB VISA credit card. This costs US$5 to withdraw up to US$500 per day. Or you can wait until the 1st of the next month and PayPal will automatically withdraw ALL your available balance to your FCB VISA card at NO charge.
It will show as a charge back to your credit card.
Last i checked you will need your bank routing number to add your T&T bank account to PayPal - not all T&T banks work, if any at all.
Payoneer.com lets you add a T&T bank account and withdraw your funds to it, it works just like PayPal.
Duane 3NE 2NR wrote:Payoneer lets you withdraw to your T&T bank account.
Duane 3NE 2NR wrote:Sinz wrote:Duane 3NE 2NR wrote:A routing number is not needed to withdraw from PayPal to your FCB Visa card.
A routing number is only needed if you wish to wish to withdraw from you PayPal directly to your bank account - this is if you wish to receive the cash.
Payoneer lets you withdraw to your T&T bank account.
But if I transfer funds to my CC, I can always withdraw to an ATM. But I guess having it transferred directly takes away the extra step.
Withdrawing cash from your credit card is also known as a cash advance.
It usually has a much higher rate of interest than using your credit card for a purchase.
Be sure to read up on how your bank treats a cash advance before withdrawing cash from your credit card.
https://www.youtube.com/watch?v=VB76XHen4YQ
The_Honourable wrote:Duane 3NE 2NR wrote:Payoneer lets you withdraw to your T&T bank account.
Good posts, thanks Duane.
Quick question. If you have a US account with a local bank, and you withdraw US funds from Payoneer to your local US bank account, any issues?
Duane 3NE 2NR wrote:The_Honourable wrote:Duane 3NE 2NR wrote:Payoneer lets you withdraw to your T&T bank account.
Good posts, thanks Duane.
Quick question. If you have a US account with a local bank, and you withdraw US funds from Payoneer to your local US bank account, any issues?
It will work but the fees are high from the local receiving bank in T&T.
csb time:
Someone sent me US$65 via Payoneer. Payoneer charged US$1.95 to receive and then charged US$1.26 to withdraw, no problem there.
But then my local T&T bank charged US$29 to receive the US$61.79 into my local USD bank account. No conversion to ttd was needed or done.
so from $65 only $32.79 was collected.
I’m sure it would make sense to use this for larger sums, as the fees will then be negligible in comparison. But for micro-transactions like this, it doesn’t make sense.
Varies by bank but the following link (although from 2016) should give you an idea.Duane 3NE 2NR wrote:Scotiabank
I believe it is a flat fee plus a percentage (maybe 3%)
What are standard fees for receiving USD funds into a local USD account via wire transfer?
neilsingh100 wrote:Varies by bank but the following link (although from 2016) should give you an idea.Duane 3NE 2NR wrote:Scotiabank
I believe it is a flat fee plus a percentage (maybe 3%)
What are standard fees for receiving USD funds into a local USD account via wire transfer?
https://www.central-bank.org.tt/sites/d ... 9%202016_0.
Scotia Incoming wire transfer fees are $0-$35.00 $USD so the US$29 is most likely that.
Have no idea but RBL & FCB charge around US$15 for an incoming wire transfer.Duane 3NE 2NR wrote:neilsingh100 wrote:Varies by bank but the following link (although from 2016) should give you an idea.Duane 3NE 2NR wrote:Scotiabank
I believe it is a flat fee plus a percentage (maybe 3%)
What are standard fees for receiving USD funds into a local USD account via wire transfer?
https://www.central-bank.org.tt/sites/d ... 9%202016_0.
Scotia Incoming wire transfer fees are $0-$35.00 $USD so the US$29 is most likely that.
What varies the fees between $0-$35.00?
carluva wrote:Bumping this thread to ask a question.
Has anyone ever sent money to someone in the US using paypal?
I read up on it from paypal's website.
https://www.paypal.com/va/smarthelp/art ... ey-faq1684
However, I would like to know if anyone has ever done this. If so, can you share how its done and how the person in the US will access or use the funds as well as any other charges that may be incurred to transfer money from T&T to the US?
When sending money, is the value of the transfer charged to my registered credit card on my paypal account, in which case it is seen on the credit card statement as a "paypal" charge?
carluva wrote:Thanks for the reply. Seems simple enough. I just wanted to know if others have done it.
carluva wrote:Thanks for the reply. Seems simple enough. I just wanted to know if others have done it.
wtf wrote:carluva wrote:Thanks for the reply. Seems simple enough. I just wanted to know if others have done it.
Yes. I do it all the time.
That's not money laundering you uneducated PNM fool.RedVEVO wrote:wtf wrote:carluva wrote:Thanks for the reply. Seems simple enough. I just wanted to know if others have done it.
Yes. I do it all the time.
Kindly note you are NOW being monitored by the FIU for money laundering
They have your IP address and know where YOU live
daxt0r wrote:carluva wrote:Thanks for the reply. Seems simple enough. I just wanted to know if others have done it.
done it, both ways too. sending and receiving to/from USA amongst many other places.
all cool.
If you have Mastercard you can't withdraw funds to the card. You need a Visa card for that.gastly369 wrote:Note I linked card already and for years doing purchases but could never "cash out" from PayPal and I have a few USD in refunds since there
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