For example, when converting currencies, the commission fee will be 4.5%. Fees vary by account type, amount, and payment method. It is also essential to remember that PayPal charges transaction fees. Then you can withdraw funds to your card/account or simply store money online in your PayPal account. Setting Up Your PayPal Account for Receiving MoneyĪs we’ve mentioned, an important condition to set up a PayPal account to receive money is linking your PayPal account to a bank account.
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