Paypal charges 10% whenever I transfer money to my bank account?

poolmoney
New Community Member

Does PayPal now charge 10% whenever I want to transfer money from my paypal account to my bank account?   If the answer is "yes" how can I avoid such a high fee?  

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1 REPLY 1

sharpiemarker
Esteemed Advisor
Esteemed Advisor

@poolmoney wrote:

Does PayPal now charge 10% whenever I want to transfer money from my paypal account to my bank account?   If the answer is "yes" how can I avoid such a high fee?  


PayPal charges 1% rate of amount of transfer to instant transfer to a card but is free if you withdraw directly to bank account. Personally, I never saw the point of withdrawing to card. I just timely plan my withdraws instead of being in a mad rush and risk delays and fees. 


Kudos & Solved are greatly appreciated. 🙂
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