About Paypal

Philippines
October 30, 2008 11:43pm CST
How much does paypal charge in transferring your money to your bank account?
2 people like this
5 responses
@mitchii (154)
• United States
31 Oct 08
pay pal does not charge for transferring money into your bank account. however pay pal charges money if you recevive money online into there own account depending on how much money you receive from whoever it is that is giving you the money.
• Philippines
31 Oct 08
I believe they dont charge you when someone sends you money if your account is personal. When it comes to transfering your money it does charge you I think they have limits to transfers if its small they usually charge if its large they dont charge you I just cant simply remember the digits but its there. I suggest mam that you explore paypal and read its faq.
@mitchii (154)
• United States
31 Oct 08
oh okay, well i have a business account and they charge when i receive money. guess because it is over 500.00 dollars. however when i transfer it to my bank account they do not take any fees out. i have been with pay pal for sometime now. if you have a pay pal debit card which i also have, its more convenient when you receive money it goes directly on the debit card and you can draw out the money as soon as its in your account and you can use it at any ATM instead of waiting on the money to be transferred into your bank account which usually takes a few days. pay pal charges 1.00 if you use the atm plus whatever the atm charges to use there service. once again i do not get charged for transferring money in my bank account for sure. maybe the reason for this is because i have a business account and there could be a difference between that and personal.
@paigegal (438)
• United States
31 Oct 08
I'm not so sure about this but I thought there is no transaction fee for it! Am I correct? somebody please reply this discussion~ ^^ But I do know that there is a limitation on the money withdrawal.
@mitchii (154)
• United States
31 Oct 08
you are right there is no transaction fee for it. i have been with pay pal for years.
@kiiizu (1901)
• Estonia
31 Oct 08
The conditions of withdrawing money from your PayPal account depend on the country where you're living. FE I can withdraw to my credit/debit/prepaid card and to an US bank account (but I haven't one). They are charging $2 from a withdrawal from me. As far I understand you can withdraw to your local bank account too... I guess you can find out about fees in your members' area. Try to withdraw and see what happens. If the fee seems to be too big, cancel and wait until you earned more.
@Bethany1202 (3431)
• United States
31 Oct 08
I don't believe there is any transaction fee for transferring money from your PayPal account to your bank account, but I do believe there is a $1.00 minimum per transfer and know it can take a few days. Check out the FAQ there for more info to be sure.
@marina321 (4556)
31 Oct 08
Depends on which country but here you're charged for withdrawing amounts below £50 Check the details on your account on the site