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thomasparra
Guest
Yes I have Airwallex, with a US bank account attached but I'm not sure Paypal would accept it?
We do use Friends and Family most of the time. Unless you don't have any cancellations on your incoming "goods and services" payments (and you do have some payments of this type as well so PayPal is fed with some fees from time to time), they should leave you alone.
Just don't try to send too much at once if that's not your regular behaviour, because this may trigger some checks.
Just don't try to send too much at once if that's not your regular behaviour, because this may trigger some checks.
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thomasparra
Guest
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thomasparra
Guest
I added the Airwallex USD bank account to Paypal, but I'm still not able to use it for payments, even though the account is confirmed. I think Paypal wants to get their FX commission on non US based customers hence why they are blocking it.
I added the Airwallex USD bank account to Paypal, but I'm still not able to use it for payments, even though the account is confirmed. I think Paypal wants to get their FX commission on non US based customers hence why they are blocking it.
I also think that some of the information posted here is taken from Google and doesn't come from personal experience. So be careful with what you use PayPal for and how you use it. There are millions of complaints online about this crazy company doing whatever they want, with schoolboys in customer support.
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thomasparra
Guest
I asked Paypal support and they said for HK based accounts (and probably many other juridictions outside US), the US bank account can only be used to withdraw from. We cannot transfer USD from the bank account to Paypal.
I asked Paypal support and they said for HK based accounts (and probably many other juridictions outside US), the US bank account can only be used to withdraw from. We cannot transfer USD from the bank account to Paypal.
they did the same thing with 'withdraw to card' back a few years ago for EU accounts (and probably worldwide).
you could withdraw USD to your wise/revolut card and get it credited in USD in your acc so they blocked it so you could only wd in EUR (and get charged the FX conversion)
you could withdraw USD to your wise/revolut card and get it credited in USD in your acc so they blocked it so you could only wd in EUR (and get charged the FX conversion)
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thomasparra
Guest
Yes, they do this to make money on FX. But kind of stupid to do it this way, they would probably make more by blocking withdrawals and allow fundings as they would force even more customers to do the FX conversion.
Yes, they do this to make money on FX. But kind of stupid to do it this way, they would probably make more by blocking withdrawals and allow fundings as they would force even more customers to do the FX conversion.
Yes, that's correct. And it has a 3% fee for USD to USD withdrawals.
But I was referring to opening a US PayPal account instead with which you can do all. It is possible.
I think it is still possible with PayPal accounts based in Singapore (non-EU,︁ non-US, etc.). Switzerland for example works. But as mentioned above, they charge you 3% since︂ like November 2020. Before this was free.
But I was referring to opening a US PayPal account instead with which you can do all. It is possible.
I think it is still possible with PayPal accounts based in Singapore (non-EU,︁ non-US, etc.). Switzerland for example works. But as mentioned above, they charge you 3% since︂ like November 2020. Before this was free.
You can still open personal accounts and do the friends transfer to them and then cash out. It will only cost you 5 USD per friends transfer instead of the 3% FX loss.
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