PayPal has scrapped all fees for withdrawals in the UK directly to a bank account. It is free to withdraw in the USA no matter the amount but as far as I know, all other PayPal withdrawals in other countries outside of the United States have a minimum withdrawal amount to qualify for free service.
In the UK, it is free to withdraw your PayPal funds only if you withdraw a minimum of £50.00. For withdrawals of a lesser amount, £0.25 will be charged. It's about 0.5% service fee if you withdraw slightly less than £50. Is that a lot? I know it should be free since we are withdrawing out own money but it's not too high, I think.
This positive change will come into effect this 11th February, 2010 and I can imagine that there would be thousands of PayPal account holders in the United Kingdom making withdrawals as soon as 11th February, 2010 dawns. These will be people who have just a small amount of funds in PayPal for years. Happy for them!
In the UK, it is free to withdraw your PayPal funds only if you withdraw a minimum of £50.00. For withdrawals of a lesser amount, £0.25 will be charged. It's about 0.5% service fee if you withdraw slightly less than £50. Is that a lot? I know it should be free since we are withdrawing out own money but it's not too high, I think.
This positive change will come into effect this 11th February, 2010 and I can imagine that there would be thousands of PayPal account holders in the United Kingdom making withdrawals as soon as 11th February, 2010 dawns. These will be people who have just a small amount of funds in PayPal for years. Happy for them!
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