PayPal Withdrawal Fees to Vietnamese Banks

There are a few costs to be mindful of when withdrawing funds from PayPal to a bank account or a Visa/MasterCard in Vietnam. You can prevent needless expenses and handle your money more skillfully if you are aware of these expenditures. BurgerPrints will explain the specifics of PayPal withdrawal costs for Visa, MasterCard, and Vietnamese bank accounts in this post.

Table of Contents

Overview of PayPal Withdrawal Fees for International Users

Before going into the specific withdrawal fees, it’s important to understand how PayPal handles withdrawals for international users. In general, users outside the United States who do not have a U.S bank account often face more limitations and fees when withdrawing funds from PayPal.
For users from other countries, PayPal currently offers two primary withdrawal options:

Withdraw funds to a credit or debit card (Visa or MasterCard)
Withdraw funds to a local bank account

Users may be charged a variety of fees throughout the withdrawal process, including transaction fees and currency conversion fees if the withdrawal currency is different from the bank account currency. It’s also crucial to remember that PayPal uses its own conversion rate rather than the market or banks’ conventional exchange rate.

PayPal Withdrawal Fees to Vietnamese Bank Accounts and Visa/MasterCard

At present, PayPal supports withdrawals to many Vietnamese banks, including both domestic banks and international cards such as Visa and MasterCard.

Withdrawal Fees to Vietnamese Bank Accounts

The most popular method for the majority of Vietnamese customers is to take money out of PayPal and transfer it to a local bank account. Vietcombank, BIDV, VietinBank, Agribank, Techcombank, Sacombank, ACB, TPBank, and VPBank are well-known banks that can be connected to PayPal. Additionally, there is support for a number of foreign banks that operate in Vietnam, including HSBC, ANZ, Citibank, and Shinhan Bank.

The withdrawal fees for local bank accounts are generally structured as follows: Withdrawal Fee + Currency Conversion Fee (if applicable)

PayPal charges a set fee of 60,000 VND for each withdrawal made to a linked Vietnamese bank account without currency conversion.
However, in addition to the fixed 60,000 VND withdrawal cost, there will be an additional currency conversion fee equal to about 3% over the base exchange rate if your PayPal balance is in USD and you wish to withdraw to a Vietnamese bank account in VND.

For example:

Amount Withdrawn	Base Exchange Rate	Currency Conversion Fee	Withdrawal Fee	Amount Received
100 USD	2,500,000 VND	75,000 VND	60,000 VND	2,365,000 VND

Because of PayPal’s exchange rate markup, the actual amount received may be lower compared to converting currency directly through a bank.

PayPal Withdrawal Fees to Visa and MasterCard

When withdrawing money from PayPal to an international Visa or MasterCard, users typically need to pay the following fees:

Withdrawal fee: Usually around 1% of the total transaction amount, capped at a maximum of 10 USD
Currency conversion fee (if applicable)
Bank processing fee: Some banks may charge an additional international transaction fee when receiving foreign funds

Additionally, the kind of account (personal or commercial), the user’s country, and the associated bank account are some of the variables that affect PayPal withdrawal restrictions. Lower withdrawal restrictions may apply to newly opened or unconfirmed accounts. In the “Summary” or “Account Limits” section of their PayPal account, users can directly view their withdrawal limits.

The maximum amount that can be received in a single overseas transaction may be restricted by individual banks in addition to PayPal’s own limitations.

Other PayPal Deposit and Withdrawal Fees You Should Know

Besides PayPal withdrawal fees, there are several other PayPal-related charges that users should also pay attention to when transferring or managing money through the platform.

1. Bank Fee for Failed Transactions

Users may be assessed an extra fee of 70,000 VND if a PayPal withdrawal or transfer transaction is unsuccessful because of inaccurate receiving information or wrong bank account details.

This typically occurs when the receiving bank rejects the transaction for verification reasons, the account number is supplied improperly, or the associated bank account details do not match the account holder’s identity. Before approving a withdrawal request, customers should thoroughly verify all banking details to prevent needless fees and delays.

2. Credit Card and Debit Card Confirmation Fees

In some cases, PayPal may require users to link and verify a credit card or debit card to increase transaction limits or complete account verification. During this process, PayPal temporarily charges a small verification fee to the card. The good news is that this fee is usually refunded after the verification process is successfully completed.

Below is the verification fee table for different currencies:

Currency	Fee	Currency	Fee
Australian Dollar	2.00 AUD	Polish Zloty	6.50 PLN
Brazilian Real	4.00 BRL	Russian Ruble	60.00 RUB
Canadian Dollar	2.45 CAD	Singapore Dollar	3.00 SGD
Czech Koruna	50.00 CZK	Swedish Krona	15.00 SEK
Danish Krone	12.50 DKK	Swiss Franc	3.00 CHF
Euro	1.50 EUR	Thai Baht	70.00 THB
Hong Kong Dollar	15.00 HKD	British Pound	1.00 GBP
Hungarian Forint	400.00 HUF	US Dollar	1.95 USD
Israeli New Shekel	8.00 ILS	Taiwan Dollar	70.00 TWD
Japanese Yen	200.00 JPY	New Zealand Dollar	3.00 NZD
Malaysian Ringgit	10.00 MYR	Norwegian Krone	15.00 NOK
Mexican Peso	20.00 MXN	Philippine Peso	100.00 PHP

These charges are mainly used to confirm that the card is active and belongs to the PayPal account holder.

Final Thoughts

BurgerPrints’ detailed PayPal withdrawal and transaction fees are shown above. Instead of making several little withdrawals, consumers should think about making larger withdrawals all at once to reduce expenses. Additionally, examining exchange rates before to completing transactions might lessen losses brought on by discrepancies in currency conversion.

Lastly, don’t forget to frequently check out the BurgerPrints blog for other helpful posts and updates regarding eCommerce tools, international transactions, and payment solutions.