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Withdrawing money from paypal
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GA7_2
Posts: 90 Forumite
It's not very clear on their website how withdrawals work.
I do a little parttime work for someone who pays me £20 every week. He told me he pays the fees to send the money to me. Will I be charged if I withdraw it or not? Their website keeps saying different things.
I do a little parttime work for someone who pays me £20 every week. He told me he pays the fees to send the money to me. Will I be charged if I withdraw it or not? Their website keeps saying different things.
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I withdrew money last night and was not charged and it appears that paypal now pay using the faster payments system and money in bank within a few hours
Have you tried withdrawing ?0 -
I NEVER pay fees for withdrawing
It is only if you want to use a very fast payment option but appears that is changing too now This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
I haven't tried to withdraw yet.
My friend told me they charge you unless you withdraw £50 or more at any one time. I read something on their site that says it is free and then somethign that says 3.4% + 20p regardless. Not quite sure what to think.0 -
When you try to withdraw money it states quite clearly that there is no limit to what can be withdrawn and there is no charge.
Just make sure your linked bank account is correct.I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.0 -
There used to be a fee if you wanted to withdraw less than £50, but they lifted that and its now free for any amount0
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As I understand it, paypal charge a percentage on each payment made to you; if the payment is a "gift", then the person making the payment covers that too.0
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It depends on the bank account you want to transfer your funds and the amount you want to withdraw.
No, there is no feeAs I understand it, paypal charge a percentage on each payment made to you; if the payment is a "gift", then the person making the payment covers that too.
That is correct. However gift payments are supposed to be just that- a way of transferring money to friends and relatives and gives a buyer no protection whatsoever. Paypal consider using the gift payment serive for other reasons to be misuse and it can eventually lead to your account being restricted or suspended.
The sender also needs to have a balance in their paypal account before the transfer, otherwise the buyer has to pay a fee or else pass it on to the sellerI’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.0 -
Paypal is a great way of sending secure money! i did it for my wedding so people could send us holiday money!0
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I have just received a refund into my Paypal account - does anyone know how I get it transfered into my bank rather than paypal credit?0
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In your Paypal account, there's a withdraw tab, click that & transfer to bank account.0
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