In addition, PayPal's domestic official partners have repeatedly stopped cooperation, and the withdrawal operations such as P cards are more troublesome (transaction information needs to be provided, and there is a certain probability that it cannot be bound). Nowadays, how to withdraw money from PayPal to China has become the distress of many people. Let me briefly talk about the current domestic cash withdrawal methods.
1, telegraphic transfer to domestic bank in China.
The funds in PayPal account are withdrawn to debit cards of domestic banks by wire transfer, and each withdrawal (unlimited amount) requires a handling fee of $35, and there may be an intermediary bank handling fee of $ 5-25 each (please call bank customer service or visit relevant banks in official website for details), which usually takes 3-5 working days. Entry in the form of foreign exchange will occupy the foreign exchange quota of US$ 5 per year for China citizens. (Up to now, there are still many comments on the Internet that domestic bank cards cannot be directly bound. )
PS: If USD is used as the collection currency, it will take about 3 ~ 7 working days to complete the processing.
2. Withdraw cash to the bank account in Hong Kong.
If you have a bank account in Hong Kong, you can withdraw money from it through PayPal. You can open a Hong Kong bank account in Hong Kong (such as Citibank, HSBC and China Merchants Bank), and there are also banks in China (such as Minsheng Bank, Dah Sing Bank and Hang Seng Bank). Every bank's application will have corresponding application conditions.
When withdrawing HK$ from PayPal to a Hong Kong bank, there is no handling fee for funds above HK$ 65,438+0,000, and a handling fee of HK$ 3.5 for funds below HK$ 65,438+0,000.
PS: There will be a currency conversion fee of 2.5% when you withdraw money from PayPal to the Bank of Hong Kong and convert US dollars into Hong Kong dollars!
3. Exit the third-party platform
Domestic third-party payment platforms such as P-Card and WindPayer can provide American virtual bank accounts with PayPal for cash withdrawal.
At present, it is the mainstream way to withdraw PayPal through third-party platforms. Different platforms have different rules. For example, P cards need to capture store data. It is understood that there is a certain probability that the account provided by P card will be kicked off by PayPal, and the success rate of WindPayer will be higher.
Please refer to this page for the specific binding process:
Paypal-Wind Payer (P card)-domestic bank card.
Step 4 check
PayPal withdraws cash by cheque, and the handling fee is $5, and the collection fee is charged by the bank (please call the customer service of the relevant bank for details). In major cities, it usually takes about 10 days to receive the account, and it takes about 1 month to collect the money. But there is a risk of loss, and the minimum withdrawal amount is $65,438 +050.
PS: If USD is used as the collection currency, it will take about 4 ~ 6 weeks to complete the processing.
The above are four ways for PayPal to withdraw cash from domestic banks. If you want to avoid expensive handling fees, you can wait until you accumulate a certain amount before withdrawing cash. Of course, it is best if you can deposit or withdraw money directly, but it is difficult to withdraw money directly from domestic bank cards now.