how can I recieve money in usd without converting into inr

 

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Hi,I am from india here paypal converts the money into inr and transfers it to ...
  1. #1
    deepsal is offline Registered Member
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    Default how can I recieve money in usd without converting into inr

    Hi,I am from india here paypal converts the money into inr and transfers it to the bank account linked with the id within 7 days which is a pain in the arse because the rupee has fallen by 25% in the past year which is causing me to loose money is there any way I can receive the money without converting into my own currencyWhat are your thoughts on buying paypal accounts to hoard money if that's not possible




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    innozemec's Avatar
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    Default Re: how can I recieve money in usd without converting into inr

    when withdrawing from paypal the money received into your bank account or atm are always in your local currency, there's no way around it

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    Default Re: how can I recieve money in usd without converting into inr

    just store it in ur paypal!

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    Default Re: how can I recieve money in usd without converting into inr

    Quote Originally Posted by cryptons View Post
    just store it in ur paypal!
    I don't think thats possible.

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    deepsal is offline Registered Member
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    Default Re: how can I recieve money in usd without converting into inr

    Quote Originally Posted by cryptons View Post
    just store it in ur paypal!
    Indians can't store money in their paypal whatever is received is transferred to the bank within 7 days if we need to pay for something we have to link our cc to pp and pay via our cc its fucked up

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    innozemec's Avatar
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    Default Re: how can I recieve money in usd without converting into inr

    Quote Originally Posted by cryptons View Post
    just store it in ur paypal!
    lol , and what he will be doing with just storing money in there?

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    newhacker is offline Newbies
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    Default Re: how can I recieve money in usd without converting into inr

    There is no way to receive money in USD. The only method, which you could have used, was to keep money in PAYPAL itself.
    But after RBI's regulations to prevent money laundering, It is not possible to keep money in PAYPAL account.
    You can not do anything for that.

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    iwillnbd's Avatar
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    Default Re: how can I recieve money in usd without converting into inr

    You can request the payment in the form of a cheque(written in $) rather than paypal.
    That way you can keep the cheques with you for a while and wait till the value of $ rises and then encash it!

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    deepsal is offline Registered Member
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    Default Re: how can I recieve money in usd without converting into inr

    does anyone know of any other money transfer services which allow to cash out in usd or allows to hold the money?

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    deepsal is offline Registered Member
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    Default Re: how can I recieve money in usd without converting into inr

    Quote Originally Posted by iwillnbd View Post
    You can request the payment in the form of a cheque(written in $) rather than paypal.
    That way you can keep the cheques with you for a while and wait till the value of $ rises and then encash it!
    Thanks man will look into it

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    Default Re: how can I recieve money in usd without converting into inr

    You could also open or acquire a PayPal account in another country meaning the money held inside the PayPal account will stay in that
    currency and you do not have the BS regulations on Indian PayPal users. But getting that money in cold hard cash is another step and
    can result in exchange fees.


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