Five things to note when making PayPal cash withdrawals - account binding, failure to lock, handling fees and withdrawal time

For friends who make money online abroad, withdrawing US dollars through Paypal is a very troublesome thing. In the past, Paypal wire transfers were used, and the handling fee was 30 US dollars. In addition, a certain handling fee was charged for wire transfers to China. I used to use Bank of China to collect US dollar wire transfers from Paypal, and a handling fee of 12 US dollars was deducted. However, since 2016, Paypal has added another way to withdraw US dollars: continuous payment withdrawal. The basic process is to register for LianLian Pay and bind PayPal. PayPal US dollars are paid to LianLian Pay. It takes 3-5 working days for LianLian Pay to transfer RMB to the bank card. The entire withdrawal process can be completed within a week, which is much faster than the original one. few. The handling fee for PayPal's continuous US dollar withdrawals is 1.2%, that is, a handling fee of US$1.2 for US$100. It is wrong to say that the handling fee is cheap. If you withdraw $10,000, the handling fee is $120. At this time, it is recommended that you use Paypal's wire transfer to withdraw cash, because the handling fee for withdrawing $10,000 is still $30 per transaction. For more webmaster website building tutorials and host server-related usage reviews, you can check out:

Caddy is the easiest to use Web Server - automated HTTPS one-minute deployment of website disks
HostDare US CN2 VPS host performance and speed evaluation-cheap price but slow IO speed
Installation and use of CyberPanel free server panel - one-click SSL based on OpenLiteSpeed

PS: Updated on March 17, 2018, If your website has a large number of pictures that need to be added with watermarks in batches, you can try this: Essential skills for webmasters to add watermarks to pictures in batches - XnView and Meituxiu Show batch processing method. PS: Updated on October 5, 2018, Paypal has announced the suspension of cooperation with Lianlian Payment on July 1, 2018, and currently no longer supports Lianlian cash withdrawals. Here is a faster Paypal balance withdrawal Method: The entire process of Paypal withdrawal to a domestic bank through Payoneer - the new Paypal balance withdrawal method.

1. Account binding and real-name authentication

Official website:

HTTPS://discover.lianlianpayuan.com/
HTTPS://wuwuwu.PayPal.com/

1.1 Link to Paypal

After logging in to Lianlian Pay, you can enter your Paypal account and password to associate.

After linking Lianlian Payment to Paypal, you can directly check the US dollars in your PP account.

1.2 Real-name authentication

To withdraw cash from Lianlian Pay to a domestic bank card, you need to add your own bank card first, then upload your own ID information, and then you can withdraw cash through real-name authentication.

2. Withdrawal operations and handling fees

After binding your Paypal account to Lianlian Payment, you can go to the homepage and click to withdraw cash.

This will jump to the withdrawal page, where you can enter the amount you want to withdraw, and you can also see the handling fee to be charged. (Click to enlarge)

According to the real-time exchange rate, Lianlian Payment will convert US dollars into RMB. You can see how much money you can finally receive, such as the operation of wzfou.com:

After clicking Submit, you can see The withdrawal was successful.

3. How long does it take for PayPal to withdraw money continuously?

It usually takes 3-5 working days for PayPal to withdraw cash to domestic bank cards. You can see that the withdrawal you just applied for is waiting for review.

At the same time, wzfou.com's email address will also receive a reminder of the Paypal payment amount.

If it’s fast, it usually takes two days to receive continuous cash withdrawals from PayPal. Finally, you can see the PayPal withdrawal record in Lianlian Pay.

4. Summary

PayPal continuous withdrawal is more suitable for friends who have a small amount of PayPal USD withdrawal needs, because the 1.2% withdrawal fee is still very cheap for small withdrawal needs, but if you withdraw more than 3,000 US dollars, it is still better to choose wire transfer. Save money. Judging from my personal experience of using PayPal to withdraw cash continuously, it is quite convenient to withdraw cash continuously through PayPal. It usually takes three days to receive the money, which is faster than wire transfer. In addition, using Paypal to withdraw money continuously does not occupy the personal annual foreign exchange limit of 50,000, which is suitable for friends who withdraw money for a long time.