PayPal shows the recipient gets $x amount. So it’s probably a mix of “making more fees” and the simplicity of having a policy for all of Paypal’s country accounts to force you to withdraw in the currency of that country’s home fiat format.īelieve me, I wish I could keep all the funds in USD as well! Have You Used Paypal in China? Any Tips? Maybe it’s true – Paypal is doing this to make more fees off the exchange, but on the other side, many bank accounts in certain countries don’t allow you to receive foreign currency to their checking account. You need to have it converted to that currency to send it to your linked bank account. Same holds true for Paypal China or any country. The checking and savings accounts are almost always in that country’s currency. Banks there also force clients to operate mainly in their own home currency. Each country has their own official currency. It is better to step back and think of the big picture. Many ask why Paypal China require you to convert your USD (or any foreign currency) into RMB (Chinese Yuan) before being able to withdraw the funds. Look Up More Cross Border Payment Solutions Using the ATM will eliminate the hassle of exchanging currency because the ATM will do it all for you and generally will charge you minimal fees and sometimes no fees depending on your home country bank account’s policy.Īfter that, you have your cash in RMB and you’re good to go! Read Global From Asia’s writeup on Xoom here and learn more about how this service works. So basically, take advantage of the ATMs in China that almost always support all major foreign debit and credit cards. You CANNOT transfer money from your PayPal balance using Xoom. While using this site the money will be transferred from your home country’s bank account to the Chinese bank account of your choice. The Xoom website is very easy to follow and explains the fees very clearly as well as giving you a few different options in which to pay.
If you don’t have your ATM card though, you can use a service provided by PayPal called Xoom to transfer money directly to a Chinese bank account.
If you’re stuck at this point and can’t access your funds, Global From Asia has written up some alternative ways you can access your PayPal funds in China even as a foreigner. So if you’re a foreigner with no valid ID in China, this will not work for you and you will need to find a trustworthy Chinese friend or colleague to help you complete this transaction. However, LianLianPay requires a Chinese ID card that matches with the details indicated in your Paypal account. All of the information among these accounts must be identical. To use this payment service, you need to sign up for a LianLianPay account, verify your personal or business information, and link your PayPal account with your LianLianPay account. LianLianPay is a third party payment service that helps you withdraw your money from USD to RMB using your local Chinese bank account with 1.2% withdrawal fee and only takes up to 2 days. You can use an officially supported PayPal service called LianLianPay. Alternative ways to send funds to China using or a foreign ATM card.
#CHINESE PAYPAL CONTACT NUMBER HOW TO#
How to withdraw those funds from the Chinese bank account (spoiler alert: you’ll need a Chinese ID card).How you MIGHT be able to setup PayPal with a Chinese bank account (doesn’t always work).withdrawing money in China) than using PayPal in conjunction with a Chinese bank account. There may be far simpler methods to reaching your financial goal (i.e. It’s important to know WHY you’re trying to set this up and WHAT you are trying to accomplish. Since China has alternative online payment platforms (like AliPay and WeChat pay) there’s not a huge demand for PayPal in China, which is why there is no simple solution to setting up a Chinese bank account with PayPal. Depending on the issue, you'll see an option to message us, call us, use the PayPal chatbot, or ask the community.Before explaining how to set PayPal up along with a Chinese bank account, it’s important to first mention a few things about PayPal and how it works in China.Ĭhina has its own type of online payment platforms and the general population in China does not use PayPal and many banks don’t even know what PayPal is if you were to ask them about it. If the information you’re shown doesn't answer your question, scroll down.Depending on the issue and whether or not you're logged in, you'll see an option to message us, call us, use the PayPal chatbot, or ask the community.If the information you're shown doesn't answer your question, scroll down.Choose the issue that most closely matches your reason for contacting us.To contact us on Twitter, go to Contact Us Just log in to PayPal, go to your Message Center and choose “New Message.”
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