How much does PayPal charge for withdrawal

Question

Accepted Answer

PayPal charges nothing for a standard withdrawal to a linked bank account when no currency conversion is involved. Fees apply only for instant transfers, paper checks or withdrawals that need a currency conversion.

The cost depends on how quickly you want the money and which currency it lands in. The main withdrawal options are:

Standard bank deposit: Moving your balance to a linked bank account is free and usually takes 1 to 3 business days.
Instant Transfer: Sending money to an eligible debit card or bank account within minutes costs 1.75% of the amount, with a minimum fee of $0.25 and a maximum of $25.
Paper check: Available only in the US, a mailed check carries a flat fee of $1.50 and can take 1 to 2 weeks to arrive.

Currency conversion is the cost many users overlook. If your balance is held in one currency, such as USD, and your bank account uses another, such as INR, EUR or CAD, PayPal does not add a separate flat withdrawal charge. Instead, it converts the funds at its own rate, which carries a markup of roughly 3% to 4% above the wholesale exchange rate. Withdrawing an INR balance to a linked Indian bank account, by contrast, involves no conversion.

Because fees and eligibility differ by country, check the PayPal pricing listed for the country where your account is registered before you withdraw, and confirm the currency of both your balance and your bank account so you know whether a conversion will apply.