Paypal to Transferwise fees

[VolodymyrH]

Greetings!

I used wire trasfers last year with 0 fees but recently it want me chardge 3% fee when I try trasfer money from Paypale to USD trasferwise account.

Do anyone has same problem right now?

[kernowlass · Accepted solution]

@VolodymyrH 

Fees are in the user agreement for your country accessed via legal bottom right of this page.

[travistan]

It says withdrawal of USD to a bank in USA is free. Is it because its Transferwise then PayPal is charging a premium 3% ? That is not right. 

[sharpiemarker]

@travistan 

Its free if you have a US PayPal account linked to a US bank account. Not free or no longer free if you have a Non-US PayPal account linked with a US bank account. Guess to many Non-US users as opposed to US users overseas glomming on to this loophole and they put the kibosh on it.

[topspinpro]

I am not sure why it's considered a loophole?

I pay PayPal over 3% on all US customer sales.

If I have to pay another 3% to withdraw my money that make it over 6% for all my US sales. But only around 3% for UK sales.

There is no loophole here. PayPal should simply not be charging extortionate fees for withdrawal. 

[MattFoster]

Support PayPal dropping the new 3% extra fee for withdrawal to virtual banks (TransferWise / Revolut etc). Non-US freelancers receiving USD are now subject to an extra 3% fee or very, very poor PayPal exchange rates…

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