PayPal withdrawal

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.

It has always been inconvenient to withdraw Paypal balances to domestic banks. The official method has always been wire transfer. Unfortunately, the handling fee is too expensive. Regardless of whether it is successful or not, Paypal charges a handling fee of US$35 for a single wire transfer to the country. In China, different banks may charge additional fees.