PayPal withdrawal of RMB to domestic bank card tutorial

PayPal's current withdrawal of RMB

Some people may be doing overseas e-commerce, or, like me, the income obtained on some foreign platforms is generally stored in PayPal through 9 channels that are interconnected with xxx yuan, therefore, we need to withdraw the money to domestic banks.

The quick RMB withdrawal service, which previously used PayPal to work with the connected payment service, ended in July 1, 2018. That is to say, China's PayPal users can only withdraw funds to China's bank accounts by wire transfers.

However, the handling fee is quite high, and every withdrawal is required35 knivesAnd the whole process takes a long time and is quite troublesome.

Sometimes, if you fail to transfer your account to a Chinese bank, your PayPal account will be rejected, and the 35-knife service fee will be lost.

Payoneer's global collection account

Later, I learned about payoneer. After registering here, the platform will give you a global account, which is equivalent to having a global bank card. We know that PayPal's withdrawal of US Dollars is completely free of charge, so we can use payoneer to receive cash withdrawals from PayPal, and then transfer the money from payoneer to our domestic bank account. Only 1.2% of the service fee is required, and it is said that this method does not occupy the × quota (each Chinese citizen can only have a × quota of $ per year ).

Use payoneer to withdraw PayPal RMB

Then let's talk about how to operate it.

Register payoneer

If you have not registered a payoneer, you can register it on the official website of payoneer. If you get a total payment of $1000 from payoneer, you can get a reward of $25.

Obtain a global bank account

After you complete the registration, there is a "global payment service" under the collection menu 」:

This bank account under USD is used to collect US dollars. Generally, the Bank of the US dollar receiving account issued by the payonner is "first century bank 」:

Associate payonner bank account with Paypal

In your PayPal account, click "fund" and select "associate a new bank account 」:

Enter your USD account information in payonner:

Some friends may not be able to pass here. Therefore, you need to apply for a US dollar account for "Community Federal Savings Bank" in the payonner.

• You can contact the payonner customer service to ask her to issue a Community Federal Savings Account (Community Federal Savings) to your account.
  Bank.

• You can also click here to apply for online issuance. You do not need to carefully write the online application and issue information. You can simply enter your user ID and leave it blank.

Generally, an additional account will be issued to your account one or two days later. I will be issued to you one day later:

You can associate your "Community Federal Savings Bank" Account With Paypal.
Enter the following information:

• Country or region: United States
• Bank name: Community Federal Savings Bank
• Account type: check account
• Bank Code: the route (ABA) under your community Federal Savings Bank)
• Account: Your account under Community Federal Savings Bank

Then you need to verify your verification code:

PayPal withdrawal to payonner

After successfully binding a payonner to PayPal, you can withdraw the payment:

In the process of withdrawal, the payonner will send you an email asking you to authenticate your personal information and fill in the information truthfully:

Wait for about two or three days, and your payonner will be credited:

Payonner withdraws cash to domestic banks

In your payonner, select to withdraw money to your bank account. If you have not associated your bank, bind your bank card to the payonner first, and then you can withdraw money.

OK. Now, you have successfully obtained RMB from Paypal. Not only do you have your own global bank account, but you can also easily withdraw the money from PayPal and save the 35-knife PayPal service fee.

Related Articles

• Notification of termination of PayPal quick RMB withdrawal Service
• What is the quick way for PayPal to withdraw RMB?

PayPal withdrawal of RMB to domestic bank card tutorial