If you use PayPal to collect payments from customers, you can withdraw your sales proceeds into the World Account. With the World Account, you can hold your multi-currrency funds, make conversions at competitive FX rates, remit to your bank account, or pay your third-party suppliers abroad. You can even make purchases at wholesale sites like 1688.com directly with your World Account balance. With a few simple steps, you can start withdrawing your PayPal funds.
The type of Receiving Account I set up to withdraw from PayPal
You need to set up a Receiving Account in the corresponding currency of your PayPal balance. Otherwise, PayPal may convert your balance into your account currency, for which they will charge a fee.
| Step 1 – Set up the Receiving Account
- On your World Account dashboard, go to the “Collection” tab
- Then click on “Manage Accounts” > “Add a New Receiving Account“. You can then select the currency of your PayPal withdrawal balance
- Once the account is set up, you can click on “Details” to get the account details
| Step 2 – Link your Receiving Account to PayPal
You have two options in withdrawing money from your PayPal account:
- Instant transfer to your eligible debit card or bank account in a few minutes (up to 30 minutes)
- Standard transfer to your bank account (3-5 working days)
To withdraw money from your PayPal account:
- Go to “Wallet“
- Click on “Transfer Money”
- Click on “Withdraw from PayPal to your bank account“
- Select “Instant (Free)” or “Standard (Free)“
- Follow the instructions to fill out your Receiving Account details
