To cash out money from PayPal, the fees vary depending on the withdrawal method:
- Standard bank transfers to a linked bank account are typically free in most countries and take 1-3 business days.
- Instant transfers to a bank account incur about a 1% fee of the amount, with minimum and maximum limits, and the funds arrive within minutes.
- Cashing out to a PayPal Debit or Prepaid Mastercard carries a 1% fee for instant access.
- Withdrawing by physical check costs a flat fee of $1.50 in the U.S.
- Currency conversion fees apply if withdrawing in a different currency, generally around 3-4% above the exchange rate.
- Some regions and account types may have additional or slightly different fees.
To avoid or reduce fees, use standard transfers instead of instant ones, withdraw in the same currency to avoid conversion fees, and consolidate withdrawals where possible.
