How much is the PayPal withdrawal fee? How is it charged?

Whether you are an online shopper or a self-media person, after making money through this platform, if you want to withdraw cash to a bank card, you still need to pay some withdrawal fees. How much is the PayPal withdrawal fee?

How much is the PayPal withdrawal fee?

The first thing that needs to be determined is that the PayPal fee rules are different in different regions. All the PayPal fees discussed in this article refer only to PayPal in mainland China.

· The handling fee of PayPal in mainland China varies according to the withdrawal method. If you withdraw cash directly to a domestic bank card, PayPal will charge a handling fee of US$35 per transaction.

If you deposit money to a U.S. bank account first, a $35 handling fee will also be charged per transaction;

If you withdraw cash to a Hong Kong bank account, it will be forcibly converted into Hong Kong dollars. There is a currency conversion fee of 2.5%. If the withdrawal is less than 1,000 Hong Kong dollars, an additional handling fee of 3.5 Hong Kong dollars will be charged;

If you withdraw money by check, a $5 handling fee will be charged for each transaction.

In addition, the party that settles the exchange will also charge a certain fee. For example, when withdrawing money to a domestic bank card for settlement, the bank will charge a certain fee, and the fees of different banks are different. However, many domestic banks currently do not support PayPal withdrawals. The mainstream is to use third-party payment platforms to realize PayPal collection. The fees of different third-party platforms are also different. For example, WindPayer's fee is 0.6%-1%, and Payoneer's fee is 1.2%.

To sum up, we can calculate the handling fee of PayPal withdrawal. If you withdraw money directly to a domestic bank card, the handling fee is 35 US dollars + the handling fee charged by the bank. However, since this method is no longer feasible, most PayPal users still pay withdrawal fees mainly through third-party platforms. Depending on the different third-party platforms, the total handling fee of PayPal withdrawal is roughly between 35 US dollars + 0.6%-1.2%.

The PayPal withdrawal fees are calculated based on a proportion. There is no way to avoid the withdrawal fees related to this payment software. Many merchants may need to spend a lot of money on withdrawal fees alone, so everyone must calculate their own profits.

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