1.Is Paypal free to use?
Fees| Personal Account | Premier/Business Account | |
| Open an Account | Free | Free |
| Send Money Free Free | ||
| Withdraw FundsFree for bank accounts in the U.S | Fees for other withdrawal options Free for bank accounts in the U.S | Fees for other withdrawal options |
| Add Funds | Free | Free |
| Receive payments funded by PayPal Balance, PayPal Instant Transfer or PayPal eCheck | Free | 1.9% to 2.9% + $0.30 USD |
| Receive payments funded by Credit Card, Debit Card or Buyer Credit | 4.9% + $0.30 USD (limit of 5 transactions per 12 month period)** for domestic or U.S. transactions 2% + applicable Fees Fees for cross border payments 4.9% plus $0.30 USD for card payments received using PayPal on Skype | 1.9% to 2.9% + $0.30 USD |
| Multiple Currency Transactions | Exchange rate includes a 2.5% fee** Fees for cross border payments | Exchange rate includes a 2.5% fee** Fees for cross border payments |
These fees apply to U.S. users only. For Canadian fees, click here. For European fees, click here. Otherwise, click here.
** If your transaction involves a currency conversion, it will be completed at a retail foreign exchange rate determined by PayPal, which is adjusted regularly based on market conditions. This exchange rate includes a 2.5% spread above the wholesale exchange rate at which PayPal obtains foreign currency, and the spread is retained by PayPal. The specific exchange rate that applies to your multiple currency transaction will be displayed at the time of the transaction.
** Personal accounts may not receive payments funded by credit card, debit card or Buyer Credit for eBay or eBay Express transactions without upgrading to Premier or Business accounts.
2.How do I withdraw funds from my Paypal account?
| Options | Processing Time | Cost |
| Withdraw funds to your bank account | UnionBank account 5- 7 working days | Free for 7,000 PHP or more P50.00 for 6,999.99 or less |
| Transfer funds to your card | 4 working days | $5.00 USD (VISA exchange rate for the day of withdrawal request) |
3.How do we add our Unionbank account to withdraw funds from my Paypal account?
Step1 : Log into your Paypal account
Click "Profile "tab and then click "Bank account"
Step2: Add bank details
(Please take note that your first name and surname on your Paypal account must match the name of your bank account. If it does not , the withdrawal request will be rejected by UnionBank. )
*The bank code number of UnionBank is 010419995.
Step 3: Review your bank account information
Step 4: Confirm
4.How do I withdraw the money?
Step1: Login to your Paypal account
Click" My account" tab and then "Withdraw" sub tab
Step2: Select the "Withdraw funds to your bank account option" -See fees involved-
Step 3: Select the bank account and amount to withdraw
Step4: Confirm the transfer
5.How long does it take for funds to reach my UnionBank account?
It typically takes 5-7 banking days but UnionBank credits it upon receipt from PCHC via EPCS.
6.Is there a minimum withdrawal amount?
Yes, there is a minimum withdrawal limit depending on the currency which you want to withdraw. For US Dollars it is $ 10.00.
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