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samelh
Community Member

PayPal withdrawal is free of charge. Is this related to the withdrawn amount?

Has anyone ever withdrawn $5k or so via PayPal? If so, what were the fees applied by PayPal? I am asking because I have 3 withdrawal options right now (bank transfer, Payoneer and PayPal), and PayPal seems to be the cheapest one as it doesn't apply any fee. PayPal never charged me when I withdrawn amounts usually below $300, will this change if I am withdrawing more?

 

Thank you.

ACCEPTED SOLUTION
petra_r
Community Member

No, but an unusually high withdrawal might trigger a security alert in PayPal and / or take you over your limit if you have one.

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10 REPLIES 10
petra_r
Community Member

No, but an unusually high withdrawal might trigger a security alert in PayPal and / or take you over your limit if you have one.

khumar596
Community Member

Hi Samuel E,

I have no experince of paypal, But I want to advise you to use payoneer, i am already using it, it is the cheapest from three option, Transfer To Bank Account is free, if it is the same currency (USD), then conversion is also free, other wise only 2% will be chargedI above mid market rate at the time of conversion to different currency only.  I am puting here the payoner link here.that will help you in ceating your account:

**Edited for Community Guidelines**

you will need the following information in the required fields, while creating you payoneer account>

1. Your bank account #,

2. Your bank branch code,

3. your bank IBN,

4.your bank swift code,

5. your NIC,

6. your email address,

 

Please let me know, if u need any help regarding payoneer account,

Regards:

Akhtar

 


@Akhtar Z wrote:

Hi Samuel E,

I have no experince of paypal, But I want to advise you to use payoneer,

 


 Of course you do. You are trying to earn money with your referral link... Sneaky. REALLY sneaky...

 

 

 Of course you do. You are trying to earn money with your referral link... Sneaky. REALLY sneaky..

you

Thats not in mind, i just give an advice, Every one has his own right to take decisions, No one is bound on my commnets, And to make money legally is not a crime or sin,

Hi Akhtar,

I would strongly advise you to learn our Community Guidelines and comment within our guidelines.
If something is not clear to you or you need explanation you can post your questions, or send them to me and my team via PM.

~ Goran
Upwork

Noted Gora, I am new to upwork comunity, I will read the guidlines,and will comment within those guidelines,

Noted Gora,

I am new to upwork comunity, I will read the guidlines,and will comment within those guidelines,

I would strongly advise you to learn our Community Guidelines and comment within our guidelines.,

 

Hi Goran,

I appreciate you advice, I just reviewed  Community Guidelines. And I will do comments and ask question in such a way to not voilate the any of the guidelines,

 

Thanks,

samelh
Community Member

Thank you Akhtar for the advice. Payoneer is in fact not good as it applies some very low conversion rates of their choosing, not them but MasterCard in global, and the 2% fees.

 

As for Upwork bank transfer, I've consuled a friend who uses it, same thing confirmed, their conversion rates are low as well.

 

But with PayPal I can withdraw to my local bank using the rates provided by the bureau of exchange which are fair, and additionally only a 0.125% fee.

 

Thanks everyone! ๐Ÿ™‚

khumar596
Community Member

Also using payoneer, these are the limits while withdrawing, No withdrawl charges at all.

Min 50 USD - Max 10,000 USD

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