What bank cards does PayPal support?
There are two main places where you need a bank card to bind PayPal: account authentication and cash withdrawal. 1, ICBC, China Merchants Bank and China Construction Bank savings card can be used as authentication accounts; Or Visa card or MasterCard credit card can complete the authentication. 2. As for which bank cards PayPal supports, cash withdrawal supports prime bank in the market. However, according to users' feedback, China Bank, China Merchants Bank and Industrial and Commercial Bank generally have strong foreign exchange settlement capacity and are relatively easy to use.
Because different banks have different regulations on how to pay for PayPal, if you can't use this card, you can only change it to another bank card. For example, credit cards, because PayPal has strict requirements for domestic credit cards, so some cards can't be used for payment, so you can only try other international credit cards.
This is an introduction of which bank cards PayPal supports. Although PayPal funds can be withdrawn from banks in the United States and wired to banks in China, there is a handling fee. Let's take a look at the handling fee of PayPal.
How to calculate the PayPal handling fee?
The latest standard charges of PayPal are 1.5%+0.3 USD (for transactions in China) and 3.4%-4.4%+0.3 USD (for cross-border transactions). If users in China use centralized payment, the maximum charge is $65,438 +0. Only advanced users can use the centralized payment method. That is to say, no matter which bank cards PayPal supports, if it is a transfer between domestic accounts, the collection fee is fixed at $65,438 +0.5%+0.3, which will be collected by the payee, and other fees will remain unchanged.
Exchange rate loss, PayPal supports 23 currencies, except USD. When it is collected, it will be converted into US dollars when it is finally taken out, with an exchange rate loss of about 2.5%. Therefore, it is recommended not to convert other currencies into US dollars in your account when you receive them, so as to avoid the need to refund customers later, and the exchange rate losses lost in the middle cannot be returned together, so they will be converted uniformly when you finally withdraw money.
This is the introduction of PayPal handling fee. No matter which bank cards PayPal supports, it should be noted that PayPal will set different charging standards according to the transaction amount of different merchant accounts, so what kind of preferential charging standards users enjoy depends on your monthly transaction amount.