How to withdraw money from PayPal? All methods in detail
Bank transfer
This way you can transfer money from paypal to an account in any bank in Russia. To do this, you need to link your account to your personal PayPal account. It will be most convenient to receive money if a debit plastic card is attached to the account.
I must say that the initial linking of a bank account to PayPal is not a quick matter, it takes 2-4 days. During this period, the system sends check amounts to the account, the amount of which you need to find out and indicate in your personal account. Therefore, it is better not to count on the prompt withdrawal of funds from PayPal. In addition, the transfer itself takes from 5 to 7 business days.
To withdraw funds from PayPal in this way, you will need: the number of the account itself or the account attached to the plastic card (20 digits) and the BIC (that is, the bank identification code, it consists of 9 digits). You can find out the BIC in person at the service center, by calling the "hot line" or by visiting the official website of the bank. Whether it is possible to obtain information via the Internet depends on the particular credit institution. For example, Sberbank provides such information to its customers on the website, they are contained in the account details section.
If funds are withdrawn to the account of a private entrepreneur, then you will also need to indicate the TIN. To link an account, go to your personal account on PayPal and open the "Withdraw Funds" tab.
Next, click on the "Add bank account" button. Here you have a choice - to register as an individual or an entrepreneur. For a private person, the system asks to indicate the last name, first name and patronymic, as well as the account number and BIC.
In the future, check amounts are transferred to the account, and here you have to wait from 2 to 4 days. After waiting for the transfer and finding out the specific amounts, enter them in the next window on the site.
The withdrawal process after linking the account is extremely simple. On the “Withdraw funds” tab, select “Withdraw funds to a bank account”, on the next page indicate the required amount and click “Submit”. Everything, now it remains only to wait for the receipt of money. The method is beneficial in that PayPal does not charge a commission for the transfer and "third-party forces" in the form of intermediaries and exchange services do not interfere in the process.
In addition, it is this path that is indicated on the system website as official. Other methods are no longer related to the international payment system, although they work.
PayPal withdrawal through electronic exchangers
Through electronic exchangers, you can transfer funds from PayPal to other payment systems: Yandex Money, Webmoney, etc. The advantage of this method is that you do not have to wait a few days, the funds will arrive very soon, within a few minutes or hours. The main disadvantage is that a commission fee is charged for the exchange.
The site will help you find an exchanger and a favorable exchange rate BESTCHANGE. Here in the left column you will find a list of exchange options. The table contains two columns: “Give” and “Receive”. Having chosen the combination of interest, we look at the table on the right, in which a list of possible rates and available exchangers will appear. Further, we are already working in the exchange system that offers the most favorable conditions. In our case, to transfer funds from PayPal to Yandex Money, the lowest commission was offered by the Ex-Money electronic currency exchange office.
One of the disadvantages of the method is that no one will give a full guarantee of the safety and security of funds during the exchange.
Withdrawal and cashing out in other ways
To withdraw or cash out with PayPal you can use an intermediary. The scheme here is essentially the same as in the case of electronic exchange offices. But now we are already communicating with specific people with whom we conclude an exchange deal. You have an amount on PayPal, your counterparty has on Qiwi, for example. You send funds to PayPal to an intermediary, he sends his funds to your Qiwi wallet. Naturally, not for free, but for a certain percentage. You can agree that the money is transferred to the card, and even transferred in cash, but here everything is already very individual and depends on the case.
Turning to an intermediary is a rather high risk, so it is worth working only with those who can prove their integrity.
Where is the best place to withdraw funds from PayPal?
If you want to freely manage money, it is better to send it to your own bank account. Electronic payment systems limit the ability to manage funds. If you have a Yandex Money plastic card, transfer to Yandex, there will be no problems with spending. But for a transfer from Yandex or Qiwi to another "plastic" you will need to pay a commission. It is convenient to transfer money to Webmoney when you plan to spend it on the Internet in the future, transfer money to wallets to people in other countries. Withdrawing funds from Webmoney is a matter that currently requires some effort.
Choose convenient for you paypal withdrawal method and withdraw them on favorable terms.
