We last wrote about Paypal’s transaction fees more than four years ago, and although most of Paypal’s seling and sending fees remained the same, a few things have changed since then. (See also: New Paypal fees in the Philippines)
How exactly do you withdraw Paypal funds to your bank account?
Here’s a simple tutorial to guide you regarding the Paypal withdrawal process.
Paypal users making a withdrawal of funds to their bank accounts may sometimes experience a Withdrawal Limit, a threshold imposed by Paypal to control the amount of money one can take out of a Paypal account.
For most users, the withdrawal limit is $500 per month, while some report having a higher limit while others report they are not even allowed to make any withdrawal at all.
Here are the steps to remove or lift this Paypal withdrawal limit.
Some users have this love-hate relationship with Paypal.
If there are no problems encountered with an account, using Paypal is a bliss. For most, it really is a useful tool to send money to another person or to make a payment on the internet without much hassle.
Sellers from the Philippines using Paypal will have to pay higher fees starting September 10, 2013. This paves the way for an increase in fees affecting commercial payments.
All good things do come to an end. This is also the case with Paypal’s Merchant Referral Bonus Program which the payment processor recently announced will be discontinued effective August 15, 2012.
Paypal’s announcement about the end of the bonus scheme is as follows:
When withdrawing funds to a Philippine bank account, there is NO CHARGE if the amount withdrawn is at least P7,000.00.You therefore save on fees if you withdraw P7,000.00 or more.
If withdrawing less than P7,000.00, Paypal charges P50.00 per transaction.
We constantly post Paypal scam or phishing emails supposedly sent by trusted online brands (such as Paypal) in the hopes of warning people not to fall victims into these schemes. Here’s another one we received today.
This one is very similar to authentic Paypal messages on Account Review. Paypal usually sends such emails to Paypal users whose accounts are being reviewed due to certain transactions.
As opposed to the real Paypal message, though, the one below asks the recipient to download an attached file (check.html) and follow the steps there. The email message goes: