Last Updated on Dec 18, 2019 by James W
Have you ever wished you could withdraw the same amount of money you see on your PayPal account to your bank account? Would you like to avoid those charging fees, which turn a beautiful sum of money into a total nightmare when you see the real payout? Well, believe it or not, you are not the only one struggling with this problem. Nowadays, more and more of us realise that various other payment solutions offer a wide variety of things to deal with, one that might be just the most suitable for you. These being said, in case you are looking forward to knowing more concerning the subject, make sure to stick with us and keep an eye onto the following lines in order to discover the top 4 ways to cut fees on PayPal!
- Withdraw in the Same Credit Card Currency
If you thought the fees on PayPal are for everyone and that they are impossible to avoid, think twice – you might be impressed to observe that there are some nice ways in which you can discover the reality. Now, to do that, do the very first thing – which, in this case, would mean to link a credit card that has the same currency as the payment that you receive. For instance, if you receive your payment in euros, you can definitely link a credit card that is based on euros. By this way, you will be able to set up the necessary requirements in such a way that you will not have to pay an arm and a leg on the inter currency exchange (with fees set up by PayPal, which are not at all enjoyable). Still, the general PayPal withdrawal fee will still be applicable on the total amount.
- Change the Currencies
In case you own different credit cards, you can always decide upon which of them to use in order to withdraw your money. To do so, remember one thing – you can change beforehand the currencies in the PayPal app, so that you will have all of your money into one single place. Moreover, this will make you have less money than previously calculated, due to the fact that a different fee is applied. Even so, if you do not do this, you will need to accomplish two other facts – you will have to finish two different withdrawals, in accordance with each one of your credit card currencies. Of course, you will be able to get your money fast, in a short period of time and you will definitely make things happen with paying two fees instead of one for both withdrawals. Having these things into our minds, there is no wonder why this step should be one that truly makes you happy with the outcome – to save up your own money when dealing with PayPal!
- Withdraw Big Sums of Money
Another important tip you should use from now on would be to withdraw big sums of money. In order to do that, you can always wait until you obtain a nice income and only afterwards should you withdraw them. For instance, you can wait until you make as much as $500 in your PayPal account and only after that, you can easily withdraw them and obtain the outcome expected – having as much as a single withdrawal fee to deal with, nothing more. In addition, money that are in your bank account will remain there. The income from PayPal will be different though, since in the vast majority of the cases the biggest withdrawal limit is $500 and you will not be able to go over it – not at all. Still, if you decide to withdraw $200 today and $300 tomorrow, you will most definitely pay two withdrawal fees instead of one – and the money will be less than what you might have previously planned. Thus, whenever you think again of withdrawing money, consider this step to get you going now and always.
- Receive Payments as Money From Friends
If you have a regular payment that is being sent to you now and every day, you can turn it into money from friends. By this way, you will be able to avoid the fees applied for money from payments, so that the total income will definitely be higher. Moreover, consider the fact that this will be a repeated payment, reason why you should definitely be able to apply it each and every day with no problem whatsoever. These being said, what are you still waiting for? Have you already managed to make up your mind? Trust us, once you do that, you will be able to do everything – and work with PayPal in the best method that you have always dreamed of – one that will be in your favor.
