AMAZON pay to bank account

How can silver be transferred to bank? Don’t we need to sell this silver and bear 5-6% loss on buying price and then pay 2% fee also to transfer this amount to bank?

Their is no transferring fees

Only at the time of buying their are gateway charges

sardasa wrote:

How can silver be transferred to bank? Don’t we need to sell this silver and bear 5-6% loss on buying price and then pay 2% fee also to transfer this amount to bank?

yes exactly
2% gateway charges then 3% gst charges
I had accumulated augmont silver in july amazon loot. Had purchased for 3200 amazon pay. As silver price has increased since last few weeks , I manage to extract 3450 Rs from 3200 but i had only purchased that time as amazon was locking gvs.

goelamit wrote:

yes exactly
2% gateway charges then 3% gst charges
I had accumulated augmont silver in july amazon loot.
Had purchased for 3200 amazon pay as silver price has increased since last few weeks.
I only manage to extract 3450 Rs from 3200 but i had only purchased that time as amazon was locking gvs.

Still not bad brother I still have thousands lying in accounts from july

popeyethedimer wrote:

Only at the time of buying their are gateway charges

bro while purchasing silver you will also have to pay 3% gst which you will not get while selling

It will cost u around 8% if u buy and sell instantly.
I just did and it cost me around 8%.

Also their buy and sell prices will be different so consider that loss too

App is owned by a company and not a fraud and you can rely on it

manyfacegod wrote:

It will cost u around 8% if u buy and sell instantly.
I just did and it cost me around 8%.

Those who are in need of money and who has thousands off ruppes in amazon can transfer it easily and 4% is not a great deal

goelamit wrote:

yes exactly
2% gateway charges then 3% gst charges
I had accumulated augmont silver in july amazon loot. Had purchased for 3200 amazon pay. As silver price has increased since last few weeks , I manage to extract 3450 Rs from 3200 but i had only purchased that time as amazon was locking gvs.

So total 5%, any other loss while selling?

manyfacegod wrote:

It will cost u around 8% if u buy and sell instantly.
I just did and it cost me around 8%.

yes for 100 rs silver you have to pay 102 from amazon pay and you will get approx 94.5 in bank

AJ89 wrote:

So total 5%, any other loss while selling?

bro its around 7% total loss.

I Think One Can Buy Silver And Wait For Silver Prices To Go Up And Then One Can Sell It With Some Profit.

popeyethedimer wrote:

App is owned by a company and not a fraud and you can rely on it

What can I conclude from your statement?
Company can’t be Fraud? Individual can.

I am not saying that company is fraud, but the logic given by you does not support your hypothesis.

Too much hassle and loss, need a more direct way.

Keeping pay balance in accounts is more valuable than transferring it to bank. xD
Trust me.

delete

Amazon gv at 25% discount? Where?

kirandr221996 wrote:

My thought
Amazon pay balance is actually 25% lower value
We can easily get Amazon gv at 25% discount.
So even if they charge 10% for bank transfer it is profitable

Amazon themselves give 30% CB on gift voucher.(upi first )
So 10% is profit for us.

Where can we get amazon gv @ 25% discount.
Either give me the place where to buy amazon gv or the place you buy ☘️☘️

kirandr221996 wrote:

My thought
Amazon pay balance is actually 25% lower value
We can easily get Amazon gv at 25% discount.
So even if they charge 10% for bank transfer it is profitable

Amazon themselves give 30% CB on gift voucher.(upi first )
So 10% is profit for us.

30%

kirandr221996 wrote:

My thought
Amazon pay balance is actually 25% lower value
We can easily get Amazon gv at 25% discount.
So even if they charge 10% for bank transfer it is profitable

Amazon themselves give 30% CB on gift voucher.(upi first )
So 10% is profit for us.

I think you missed a decimal point in between 2 and 5

Sasta nasha kiye ho kya bhai @kirandr221996

kirandr221996 wrote:

My thought
Amazon pay balance is actually 25% lower value
We can easily get Amazon gv at 25% discount.
So even if they charge 10% for bank transfer it is profitable

Amazon themselves give 30% CB on gift voucher.(upi first )
So 10% is profit for us.

How to roll a perfect joint ?

kirandr221996 wrote:

My thought
Amazon pay balance is actually 25% lower value
We can easily get Amazon gv at 25% discount.
So even if they charge 10% for bank transfer it is profitable

Amazon themselves give 30% CB on gift voucher.(upi first )
So 10% is profit for us.

25% discount Kaha Vai ??
Muje ager 5% pe vi mill Jaye to hum lucky man lete hey.

kirandr221996 wrote:

My thought
Amazon pay balance is actually 25% lower value
We can easily get Amazon gv at 25% discount.
So even if they charge 10% for bank transfer it is profitable

Amazon themselves give 30% CB on gift voucher.(upi first )
So 10% is profit for us.

REMOVED WITH WARNING

kirandr221996 wrote:

My thought
Amazon pay balance is actually 25% lower value
We can easily get Amazon gv at 25% discount.
So even if they charge 10% for bank transfer it is profitable

Amazon themselves give 30% CB on gift voucher.(upi first )
So 10% is profit for us.

Dry day se ek din pehle! 😂

Thanks to Magicpin old days when I accumulated about Rs 5000 at 0 cost