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Withdrawal

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Contributor
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Withdrawal

I plan to withdraw money from my PayPal Balance. However, will the transfer proceed as I hold a Personal account. I am just afraid to do the transaction as this will be my first time but the procedures says that you should upgrade to Business Account so one can withraw.Is upgrading really necessary?

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Moderator

Re: Withdrawal

Hi @J_Y,

 

Thanks for posting.

The link that kernowlass provided is the correct information on withdrawing from your PayPal account. If you have been able to receive money to your PayPal account, you will also be able to process a withdrawal. You do not need to have a business account for this. We recommend a business account if you have high volumes but a standard premier account is fine for people selling on a casual basis. 

Rachael 

View solution in original post

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Esteemed Advisor

Re: Withdrawal

@J_Y 

 

https://www.paypal.com/jp/smarthelp/article/FAQ1189


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Contributor
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Re: Withdrawal

@kernowlass 

 

Hi,

 

Thanks for the link but I don’t have a business. The upgrading needs info of the Legal Business Name which I don’t have in reality. Is this procedure still needed even if I’m going to withdraw less than ¥100,000?

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Moderator

Re: Withdrawal

Hi @J_Y,

 

Thanks for posting.

The link that kernowlass provided is the correct information on withdrawing from your PayPal account. If you have been able to receive money to your PayPal account, you will also be able to process a withdrawal. You do not need to have a business account for this. We recommend a business account if you have high volumes but a standard premier account is fine for people selling on a casual basis. 

Rachael 

View solution in original post

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Contributor
Contributor

Re: Withdrawal

@PayPal_Rachael thanks for the clarification. 🙂