Withdraw Your PayPal Balance: Before 15%, Now 5% Comission
Santiago Coates
July, 15, 2024
5 min. reading
PayPal has become an essential tool for millions of people and businesses around the world, facilitating payments and money transfers quickly and securely.
However, for many users in Latin America, withdrawing funds from PayPal can be costly and complicated.
The question many people ask is: How can I access my funds in my home country or in my local currency without paying high fees?
In this article, we explain it to you. 😉
The Current Problems with PayPal Withdrawals
Currently, many users face high conversion costs and additional fees when trying to withdraw money from PayPal to their local bank accounts.
This not only reduces the amount of money available but also can complicate access to funds in their local currency.
A New Way to Withdraw PayPal Funds with Airtm
Airtm’s US Virtual Account virtually provides you with a U.S. bank address, which you can now enter into PayPal as if it were an American account to withdraw your funds.
This way, you can withdraw from PayPal to Airtm and convert the funds to your local currency, connecting your Latin American economy with the global digital economy.
Previously, withdrawing from PayPal involved a cost of approximately 15%, but now it will be 5%, drastically reducing fees.
Create Your US Virtual Account in Airtm
The first step to connect PayPal and Airtm is to create your USA Virtual Account, and you can see how to do it in this article.
Add Your Airtm USA Virtual Account to PayPal
Sending PayPal balance to Airtm is easy and allows you to save on fees. Follow these steps to set up your USA Virtual Account in PayPal:
- Log in to your PayPal account and go to “Wallet”: This is where you can link bank accounts and debit/credit cards that fund PayPal payments and allow you to withdraw your balance.
- Link a new bank account to your PayPal account by clicking on “Link a bank account”.
- Click on “Link a U.S. bank account”: Enter the details of your U.S. virtual account provided by Airtm.
- Confirm your bank account: PayPal will send a couple of small transactions to your account to verify it. Once verified, you can easily transfer your PayPal balance to Airtm.
Start Saving on Your PayPal Withdrawals Now
This new way of withdrawing your PayPal balance with Airtm represents a revolutionary solution for users in Latin America, allowing them to save on fees and access their funds more quickly and efficiently.
With Airtm, you can now connect with the global digital economy, enjoying greater flexibility and lower costs.
If you don’t have your Airtm account yet, you can sign up right now, open your USA Virtual Account, link it to PayPal, and start receiving your funds.
A little tip: if you sign up through this link, you can get some extra USDC as a gift for your first transactions.
