What is PayPal and How Does it Work?
How To Connect Paypal China To A Chinese Bank Account Michael Michelini Last Updated: March 30, 2019, Oh the joys of dealing with Paypal!
Today, we are helping a foreigner in China with the below question: Hi, looking for some getting money from paypal account to bank account about PayPal and China….
There are some online jobs I want to get into to deposit money account my want in i they only pay via PayPal, so what I want to know is can I set up a PayPal account which is linked to my Chinese bank account?
Has anyone has any joy in doing this?
Any info would be such a great help!
There may be far simpler methods to reaching your financial goal i.
Why Is My Paypal In Chinese?
As this article has been published, a lot of people are now asking us — why are they getting their Paypal account showing in Chinese language after logging in?
With that being said, to create a new PayPal account based in China you can follow these two steps: getting money from paypal account to bank account />Choose the type of here First off, you need to choose on what getting money from paypal account to bank account of account you want to open: Individual or Business.
You can always upgrade to Business type if you wish to, anyway.
Most Chinese bank account cards are UnionPay instead of Visa or MasterCard and Chinese PayPal WILL recognize these types of cards which the US PayPal will not.
This is where things start to get a little problematic.
However, if you used some smaller banks or banks that are specific to a certain city Bank of Nanjing, Bank of Getting money from paypal account to bank account, Bank of Dalian, etc.
If it is recognized by PayPal then you can https://spin-slots-money.website/account/how-to-make-money-with-my-paypal-account.html to the next part on how to withdraw money from PayPal.
If it does not work you can skip this and go to Part 2a and find alternative and possibly much easier methods to take out money in China.
However, at this point you will have 2 different PayPal accounts that do not share the same balance.
So if you have funds in your American PayPal account you will not be able to immediately withdraw them in China because the accounts are separate.
Now you simply need to getting money from paypal account to bank account the funds from your American PayPal account to your separate Chinese PayPal account.
For this, PayPal will charge a cross border fee of 0.
And before you withdraw the money in China you will need to convert the USD to RMB!
Converting US Dollars USD to Chinese Yuan RMB So how do you do that?
You can use an officially supported PayPal service called LianLianPay.
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.
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 Continue reading account.
All of the information among these accounts must be identical.
However, LianLianPay requires a Chinese ID card that matches with the details indicated in your Paypal account.
Can I Use Paypal Without A Bank Account?
Many find this out after they even make a Paypal account — that they keep getting bugged by Paypal to verify their account by linking a bank account.
Since the local Getting money from paypal account to bank account population does not use PayPal at all there are not a lot of convenient procedures in place to make transferring money between the two countries using PayPal smooth or easy.
You can go through the steps mentioned above, which will most likely require the assistance of a local Chinese friend to use their government ID card, or you can take an alternative route as mentioned below.
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.
You CANNOT transfer money from your PayPal balance using Xoom.
So basically, take advantage of the ATMs in China that almost always support all major foreign debit and credit cards.
Read and learn more about how this service works.
What you really need is to find a.
Global From Asia keeps them as up to date as possible — so check the page above often.
Paypal Process with a China Twist Signing up for a Paypal account in China is basically the same as it is in the other countries, but there may be just some minor hurdles in verification — for example: code for verification fails to reflect in your bank account — thus you will have to personally visit the bank to ask for help.
However, having a Paypal account is indeed useful to people who would like to work and get paid online.
Strongly Recommend Using a Cross Border Payment Solution After reading this post — you must imagine what a nightmare and headache Paypal is in China.
Most of us use various Cross border payment methods — so please check out our full free blog post on all different.
Can I Withdraw USD Click the following article a Paypal China Account?
Many ask why Paypal China require you to convert your USD or any foreign currency into RMB Chinese Yuan before being https://spin-slots-money.website/account/how-to-make-money-with-paypal-account.html to withdraw the funds.
It is better to step back and think of the big picture.
Each country has their own official currency.
Banks there also force clients to operate mainly in their own home currency.
Same holds true for Paypal China or any country.
You need to have it converted to that currency to send it to your linked bank account.
Believe me, I wish I could keep all the funds in USD as well!
Have You Used Paypal in China?
If you have experience or war stories of wrestling with Chinese Paypal — please share in the comment section below.
IT'S CENSORED IN THE U.
The USA has more censorship than China and thus, most of the world.
We're routinely lied to about most international affairs and that's all I'm willing to cover at the moment.
Also, in China, if it's censored, they tell you.
In the USA they just lie and misdirect you.
People, you have no idea the extent of this.
In fact, if you go to Xoom.
Xoom is PayPal's answer to sending money to China.
I DO NOT recommend Xoom.
Our alternatives all involve greater risks and vast complications.
It just wastes time.
I mean I typed in my card number and phone number and they sent me a text for verification.
But then when I try to make the payment it dosent go through.
Hi, could you please describe how to do to do if you have paypal China and you want to transfer money to paypal USA?
Do I need to have money on paypal or would it take it from the RMB that I have on my chinese account linked to that paypal account?
Thanks in advance for your help Hey, great article.
Here is a useful tip if you have a bank account in the USA.
You can withdrawal USD from your Chinese PayPal account to your US bank account.
If you have a Chinese PayPal account without a Chinese ID card and no bank account in the USA, then there is also an option to withdrawal by check.
It seems PayPal will mail you getting money from paypal account to bank account USD check to your address in China I have seen the option but never tried it.
The real … Read more » Yes, but if you are living or based in China the check is sent through China Post, 4 to 6 weeks transit time is what PayPal says.
If you have ever used China Post then you know that might also mean never.
Things disappear, are stolen and lost.
Lianlian pay stopped working with paypal and now im screwed… withdrawal fees too expensive without it… what can i do to accept online payments from abroad in USD and transfer funds cheap to a chinese bank account…?
Do you know getting money from paypal account to bank account they do not work together?
I try to connect my bank with paypal but is not working.
I cannot withdraw any money!
Your article does not begin to touch on how bad PayPal is for Chinese sellers.
PayPal is no longer associated with UnionPay.
Something PayPal does not tell anyone.
So the only way they let you access your money is by bank wire transfers.
LianLianPay and PayPal parted ways at the end of June 2018.
Linking a USA Bank account to your China based PayPal does not work.
PayPal gives you an error code every time you try.
It does not matter if the USA bank account is yours or family.
It does not work.
The option of having it mailed to you in China is not an option.
Mail service in China is risky at best, you will never get it and the funds will be lost.
Which means a 3.
If you are having trouble linking your US bank account, I suggest calling PayPal on the phone.
Here are a few more options for people with USD stuck in a Chinese PayPal account.
Sign up for a Transferwise Borderless account.
You will get a virtual USD bank account number that you can link to your PayPal account.
It might depend on which country your PayPal account is from.
I know a few people that have done it with Chinese PayPal accounts and it seems to work.
There is a website called Swapsy that … Read more » Where it all began!
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How to Transfer Money to Your Bank in the PayPal App
When you manage your money with PayPal, you have many options that can help streamline your financial activities. As you accumulate money in your PayPal account, you may wish to turn it into cash. Do this easily by transferring funds into a bank account connected to your PayPal account.
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