The current Paypal wallet used by many people because of the convenience of being able to transfer and receive money online around the world. So when you have money in your wallet and want withdraw money from Paypal What to do about Vietnamese banks? Today's article, Banktop will guide you on how to make a detailed withdrawal.
Advantages of withdrawing money from Paypal to your bank account
The advantages of withdrawing money from Paypal to a Vietnamese bank account can be mentioned as:
- Simple and fast withdrawal method.
- No paperwork or complicated procedures.
- Absolute confidentiality of personal information and accounts.
- It is possible to trade large amounts of money compared to many other applications.
Learn how to top up your Paypal account from A – Z
Conditions for withdrawing money from Paypal to Vietnamese banks
To register to use Paypal e-wallet as well as to withdraw money, you must fully meet the following conditions:
- Be 18 years old or older and have an ID card/CCCD or a passport used to verify the account.
- Have a bank account successfully linked to the Paypal wallet.
- Your Paypal account after registration has been verified.
- Make sure your Paypal account balance is over 10$ to be eligible for withdrawal.
Instructions for withdrawing money from Paypal to the most detailed bank account
How to withdraw money from Paypal to your bank account quickly and safely. Here are detailed instructions for you when you want to do it:
Step 1: Open and login to your Paypal account.
Step 2: At the Home page you select "Transfer Funds" or "Withdraw Funds" this is the withdrawal feature on Paypal wallet.
Step 3: Select the linked bank to withdraw money.
Step 4: Enter the amount you want to withdraw, note the unit is USD and follow the steps to confirm the information.
Step 5: When transferring money to a Vietnamese bank account, the system will automatically convert it to VND. When you confirm, the system will send a confirmation code to your phone. You check and enter the confirmation code as required.
Step 6: After completing the steps, select “Transfer Now” to complete the successful transfer of money to your bank account.
Then there will be a message confirming your transaction is successful
Find out which banks Paypal associated with?
Why can't I withdraw money from Paypal?
Your failure to withdraw money from Paypal to your bank account may be due to one of the following reasons:
- Your Paypal account has been limited in terms of withdrawal limit.
- The bank account you are using may not be eligible to receive funds from the Paypal wallet.
- Errors in filling in the receiving account information caused the transaction to fail and the withdrawal could not be made.
- The Paypal e-wallet system is under maintenance and cannot perform all transactions.
- Your Paypal account is marked with abnormal activity, so the withdrawal feature is blocked.
How much is the Paypal withdrawal fee to a Vietnamese bank account?
Fee for withdrawing money from Paypal account to Vietnamese bank account is calculated as: 60,000 VND/1 transaction + Including foreign currency conversion fee.
About the foreign currency conversion fee will depend on each bank you want to withdraw money to. Each bank will apply different fees but not too different. The amount of the fee can range from 50,000 - 70,000 VND.
Time to receive money when transferring money from Paypal to bank account
When withdrawing money from Paypal to your bank account, the time you can receive will be within 2-4 days. When receiving money, the bank will also notify via SMS about changes in the balance in the account.
A small note is that when withdrawing money, you should not do it on weekends because it may take longer for you to receive money to your account than usual.
Some questions when withdrawing money from Paypal
Can I withdraw money without Add Visa card?
You can still withdraw money normally from Paypal e-wallet to your personal bank account. However, you may be limited in your withdrawal limit and limited in the amount of each withdrawal.
What is the withdrawal rate from Paypal?
When making a withdrawal, the conversion rate from USD to VND when you withdraw to the bank will also be displayed below for you to easily follow. Usually, the USD rate when withdrawing via Paypal wallet will be lower than the USD rate in the market because there are many additional costs involved.
Why withdraw money from Paypal Pending?
If after 7 days you still have not received the money to your bank account, it may be time to make a transaction and you will encounter one of the following errors:
- The recipient's name on the bank account is not the same as the name on the Paypal account.
- Information about bank account number, branch, SWIFT code is wrong.
- Your bank card is restricted from receiving money or temporarily blocked but you don't know it.
- The bank you choose to link on your Paypal wallet refuses to support receiving money from abroad.
In the event that after 14 days, you still have not received a response about the refund of the unsuccessful transaction or the money has not been returned to your account. You can contact Paypal's customer service department to ask them to process.
Here are the contacts you can connect with: https://www.paypal.com/selfhelp/contact/email
Fill in the bank account number on Paypal correctly?
When entering account information to transfer money from your Paypal wallet to your bank account, you should enter the exact account number you are using. Some of you confuse the card number printed on the bank card with the account number, note that these two numbers are completely different.
Your bank account number when registering an account will be issued by the bank and you will also use this account number to make all money transfer and receipt transactions.
Conclude
Hope the above article of Banktop can help you easily make a quick withdrawal from Paypal to your bank account. Withdrawing money from a Paypal wallet is not too complicated, so if you are careful when checking the transaction information, it will also work.
Information edited by Banktop.vn
Post a Comment
Post a Comment