Showing posts with label India. Show all posts
Showing posts with label India. Show all posts

Monday, May 23, 2011

How to withdraw funds/money from Alertpay to a bank account in India

I have been searching for this solution for a long time. At last got this solution. This post explains about withdrawing funds from Alertpay through Bank Wire.
Withdraw through Bank Wire to a Bank Account in India.
A bank wire withdrawal is one of the methods of transferring your Alertpay funds to your bank.
Withdrawals by bank wire are processed within 3 - 6 business days (excluding weekends) of the request and are offered in the following currencies:•  US Dollars ($)•  Euro (€)•  GBP (£)Pleas
First your must first set up your bank account on AlertPay to perform transaction.
If you have not yet added your bank account, here are the steps:
1. Login to your AlertPay account.
2. Click on “Profile”.
3. Under “Financial”, click on “Bank Accounts”.
4. Select the country where your bank account is located and click on “Next”.
5. Select Bank Wire and click on “Next”.
6. Choose currency, enter bank details and click on “Next”.
7. Review details, accept any authorization requests and confirm

If you have already added your bank account for bank wire withdrawals, follow these steps to withdraw your funds:
1. Login to your AlertPay account.
2. Click on “Withdraw”.
3. Under “Electronic Funds”, select “Bank Wire”.
4. Enter amount to withdraw, transaction details and click on “Next”.
5. Review details and confirm.
I tried Bank Wire withdrawal to withdraw $59.87 USD to my bank account (ICICI Bank) in India. Alertpay deducted (charged) $15 (Fifteen dollars) as FEE for this transaction and deposited $44.87. But my local bank ICICI also charged me $5, then deposited the remaining $39.87 i.e. INR1,736.65 ($39.87) in my account. So, withdrawing Alertpay funds to a bank account in India is a very costly process. You should be ready to lose $20 of your withdrawal amount. e.g. If you request for a withdrawal of $100, you will get $80, after all these deductions. It took 6days to complete the whole process. I have requested withdrawal on 15th May, got paid on 20th May.
Hope this will help people who are searching for the details. Thanks for reading my post. please do share your experience in comments section, so that, it will be more helpful to my blog readers.