how to withdraw money from paypal in China bank

China
January 24, 2013 11:53pm CST
recently i have opened my paypal account, the money into the accont are small amount,but the transaction fee is quite expensive, also i heared that it's very hard to withdraw the money in the paypal account in China bank, the transaction fee will be charged quite a lot, do you have any good advice for this?thanks!
1 person likes this
4 responses
• Philippines
25 Jan 13
Transaction fee will depend on the bank account that you have selected to link with your Paypal account. Say mine is with BPI (Bank of the Philippine Islands), transaction fee is PHP150.00 per withdrawal. This is because BPI is not an affiliated bank with Paypal yet. That might be the case with China Bank too. Have you gone to their website and read through their FAQs section? It might be stated there. Only those banks affiliated with Paypal here in the country has minimal transaction charge when you withdraw your funds. Also, if your Paypal account is still unverified (you have not linked your Credit card or debit card information yet), there's also a minimum amount set that you can withdraw. I think you can search online for the list of banks which have minimal transaction charge when withdrawing money from Paypal. Happy myLotting! :)
• Philippines
25 Jan 13
P150 per withdrawal is pretty steep (equivalent to one day's food and transpo). i think other banks even charge higher.
@Zer0Stats (1147)
• India
25 Jan 13
There is no other way than paying the current withdrawal charges.Plus there must be minimum withdrawal limit.Have you yet reached it? If no then sorry you cant yet have your PayPal funds in your bank account.Or look out if you can buy something on-line using your PayPal funds.
• Dhaka, Bangladesh
25 Jan 13
Hi Olivia, it is better, you should go to a good banker of China and ask him/her. Probably he/she will guide you correctly. Have a great weekend.
@ARIES1973 (11426)
• Legaspi, Philippines
25 Jan 13
I really heard that some banks are charging higher amount for the transfer. That is aside from the fact that PayPal is charging fifty pesos for every withdrawal below seven thousand. I am using LBP account and honestly I don't remember if I was charged extra because when the amount came in, my salary also arrived so i was not able to check how much was my salary that time. To be able to get the most benefit from it. I would suggest that you wait until you have an amount higher than seven thousand so that Paypal will not charge you any extra amount and it is also good if you could verify your account. I use smart money to do it. Smart money can be availed at your nearest smart center. Have a nice day!