Paypal fees

[follyfancier]

I am puzzled by the information on Paypal regarding fees for transfering Paypal funds into a bank account
one part states that there is no fee but on another section for fees there is a £5.00 charge

[bednobs]

oh

[follyfancier]

sorry I should have said Paypal FUNDS

[douglas9401]

Might that be the fee for getting the funds into your Paypal account in the first place?

[follyfancier]

no they only make a small charge for receiving payments

[douglas9401]

Is it the "faster withdrawal fees" then? You'll pay if you can't wait the 3-5 days for transactions to go through.

[follyfancier]

that might be it thanks

[hc4361]

It is free to transfer over £50.
There is a fee for smaller transactions.

[factor-fiction]

I am sure that Paypal abolished the fees for transers under £50 some time ago. I no longer get charged anything.
I'll look on my paypal page when i get chance but I can only guess that the £5 charge is for a fast transfer

[hc4361]

Apologies. Factor is correct. Free to withdraw any amount, £5 for 'quickdraw'.
Withdrawing your Balance UK Users:
Free

European country* Users

Withdrawal to a bank account (where available):
Free

Withdrawal to a card (where available):
Gibraltar Users: 1.50 GIP
Liechtenstein Users: 3.50 CHF
Other European Country Users: 2 EUR

Withdrawal to a bank account or a card may not be possible in all countries.

Quick Draw (Pound Sterling withdrawal to your bank only):
5 GBP per Payment Order

[boxtops]

I withdraw to my bank account when I have over £50 in hand - I don't pay anything for the transfer.