One of the most well-known and reliable digital payment systems in the world for online purchases and international money transfers is PayPal. PayPal has grown in popularity among Vietnamese users because to its ease of use, security, and widespread acceptance.
BurgerPrints will lead you through the entire process of swiftly and simply connecting your PayPal account to a BIDV bank account in this article.
Requirements for Linking PayPal with BIDV
PayPal is a well-known online payment service that enables customers to safely send, receive, and manage money over the Internet. PayPal makes it easy to shop on foreign e-commerce websites and send money to relatives and business associates worldwide.
PayPal currently facilitates transactions in more than 200 countries and territories, including Vietnam, in more than 25 currencies. You can take money out of PayPal and deposit it into your bank account whenever you need to by connecting your PayPal account to your BIDV bank account.
Before getting started, make sure you meet the following requirements:
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You must have a BIDV-issued Visa, Mastercard, debit card, or credit card that can be used for overseas transactions.
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Before connecting your PayPal account to BIDV, it must be validated. Verification keeps fraudulent transactions at bay and contributes to account security. PayPal may need precise personal data, such as full legal name, date of birth, national ID/Citizen Identification Number, and residential address, throughout the verification procedure.
Additionally, you should confirm that international transaction capabilities is enabled and that your card has been activated for online payments.
The amount or available credit limit on your card is adequate to finish PayPal verification and any upcoming overseas purchases.
How to Link PayPal with BIDV Bank
The process of linking PayPal to BIDV is straightforward and only takes a few minutes.
Step 1: Log in to Your PayPal Account. Access your PayPal account through the mobile application or visit PayPal’s website.
Once logged in, navigate to: Wallet → Link a Bank Account
You can find the Wallet section at the top of the PayPal dashboard.
Step 2: Choose Your Preferred Linking Method
At this stage, PayPal offers two options: link a card or link a bank account
To link a card, you will need to fill in the following information:
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Select the type of card you are using and want to link to PayPal.
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Card Number: The 16-digit number printed on the front of the card.
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Expiration Date: The card’s expiration date, usually printed as MM/YY on the front of the card.
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CVV/CVC Security Code: Usually a 3 or 4-digit code on the back of the card, used to verify online transactions.
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Billing Address: The address associated with this card, usually the address registered with the card-issuing bank.
To link a bank account, you will need to fill in the following information:
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Bank Name: Enter “Bank for Investment and Development of Vietnam” (BIDV).
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SWIFT/BIC Code: The bank’s identifier, used to identify the bank in international transactions. BIDV’s SWIFT code is BFTVVNVX.
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Bank Account Number: Your account number used for Internet Banking transactions.
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Contact Information: In some cases, PayPal may request an address or phone number linked to your bank account for enhanced security.
Step 3: Complete Verification
After entering all the required information, click Link Card (for card linking) or Link Your Bank (for bank account linking)
PayPal may send a One-Time Password (OTP) to your registered phone number. Enter the verification code to complete the linking process.
Important Notes When Linking PayPal with BIDV
Before linking your PayPal account to BIDV, it is important to understand the fees and transaction limits that may apply.
| Fee Type | Amount |
| Bank Linking | Free |
| Withdrawal Fee | 60.000 VND |
| Sending Money Fee | 4.40% + Fixed Fee |
| Successful Withdrawal Processing Fee | 70.000 VND |
| Failed Money Transfer Fee | 0 VND |
| Number of Deposits/Withdrawals | Unlimited |
Note: Using PayPal to execute business transactions, such as selling goods or buying services, may result in additional costs.
Additionally, PayPal may impose additional set costs based on the transaction currency if currency conversion is required.
| Currency | Fee | Currency | Fee |
| Australian Dollar | 0.30 AUD | New Taiwan Dollar | 10.00 TWD |
| Brazilian Real | 0.60 BRL | New Zealand Dollar | 0.45 NZD |
| Canadian Dollar | 0.30 CAD | Norwegian Krone | 2.80 NOK |
| Czech Koruna | 10.00 CZK | Philippine Peso | 15.00 PHP |
| Danish Krone | 2.60 DKK | Polish Zloty | 1.35 PLN |
| Euro | 0.35 EUR | Russian Ruble | 10.00 RUB |
| Hong Kong Dollar | 2.35 HKD | Singapore Dollar | 0.50 SGD |
| Hungarian Forint | 90.00 HUF | Swedish Krona | 3.25 SEK |
| Israeli New Shekel | 1.20 ILS | Swiss Franc | 0.55 CHF |
| Japanese Yen | 40.00 JPY | Thai Baht | 11.00 THB |
| Malaysian Ringgit | 2.00 MYR | British Pound Sterling | 0.20 GBP |
| Mexican Peso | 4.00 MXN | United States Dollar | 0.30 USD |
Conclusion
For anyone who frequently transfers money internationally or gets money from abroad, connecting PayPal with BIDV is a straightforward but crucial step. You can benefit from more seamless transactions, enhanced security, and simpler access to your money by linking your PayPal account to a BIDV card or bank account.
We hope that this article has given you all the information you need to effectively link PayPal to BIDV. For additional helpful advice, payment options, and updates on global eCommerce and online payment services, stay tuned to BurgerPrints.
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