The first type: PAYPAL withdraws cash to Chouzhou Bank.

At present, it only applies to Alipay personal accounts, and the dollar amount in Alipay is directly linked to domestic bank accounts. At present, it seems that only thick state-owned banks can do this, because this is a place to do business.

A large amount of US dollars flows in every year, and the state supports the normal operation of foreign trade 100%. But PayPal's wire transfer fee in China is $35 per bank, and the bank account fee is $5, which is about $ 35+5. Because the bank has a cross-border license, it does not need to fill in all kinds of information at the counter, and it can settle foreign exchange directly without occupying the quota.

The second type: easy settlement, good settlement.

Can successfully settle foreign exchange, and the cost is similar. Chouzhou Bank mainly settles foreign exchange for business, but such a third-party platform requires more foreign exchange settlement and cannot TT, but Yiwu self-employed households can accept TT (bank transfer) and PAYPAL at the same time.

Extended data:

Before withdrawing cash, you must confirm that the PayPal account has the same name as the personal bank account in Hong Kong before withdrawing cash. All cash withdrawn from Hong Kong bank accounts is in Hong Kong dollars. If you have US dollars in your PayPal account, you should change them into Hong Kong dollars before withdrawing money. Because the exchange rate difference in PayPal is bigger than that in the bank, there will be some losses.

For more information, please check the conveter in your PayPal account or ask customer service. It is free to withdraw more than HK$ 65,438+0,000 from a bank account in Hong Kong. If the amount is less than or equal to HK$ 1000, a handling fee of HK$ 3.5 yuan will be charged. Generally speaking, if the withdrawal amount is less than $ 1500, a bank account in Hong Kong is more cost-effective.

Encyclopedia-PayPal cash withdrawal