I am charged a $5 fee for withdrawing funds to my card.

data4pass
Contributor
Contributor

I would like to withdraw my PayPal balance to my card, but PayPal deducts $5 from the balance as a fee. Isn't withdrawing to a card or bank account supposed to be free?

 

Thank you for the clarification.

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2 REPLIES 2

sharpiemarker
Esteemed Advisor
Esteemed Advisor

@data4pass wrote:

I would like to withdraw my PayPal balance to my card, but PayPal deducts $5 from the balance as a fee. Isn't withdrawing to a card or bank account supposed to be free?

 

Thank you for the clarification.


There’s no charge to transfer money from your PayPal balance to your local bank account. There is fee to cards now.

https://www.paypal.com/id/smarthelp/article/how-do-i-transfer-money-to-my-bank-account-faq1189

 

"Cost -1.5% of the amount withdrawn or a minimum of USD 17 (whichever is greater)"

 

Calculate if the charge is 1.5%.


Kudos & Solved are greatly appreciated. 🙂
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data4pass
Contributor
Contributor

The amount of balance I would like to withdraw is $19.15. I should've been charged $~0.3 instead.

 

I've also found this link where it says that withdrawing funds to a Visa card will incur a fee of $5. However my PayPal account is Personal, not Business.

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