PayPal offers the following options for withdrawing funds from your PayPal account. You can either withdraw funds to your Bank Account or Request a Check from PayPal.
Request a Check from PayPal
Withdraw funds to your Bank Account
Request a Check from PayPal
Here are the steps to withdraw funds:
- Log in to your PayPal account.
- Click My Account
- Click Withdraw at the top of the page
- Click Request a Check from PayPal
- Enter the requested information and click Continue
- Click Submit
Here are the steps to withdraw funds:
- Log in to your PayPal account
- Click My Account
- Click Withdraw at the top of the page
- Click Transfer to Bank Account
- Enter the requested information and click Continue
- Click Submit
Error if the IFSC is Invalid
If information is correct – Final step
You will be required to select an option entitled Select a purpose when you request a withdrawal. All sellers who sell goods & services through eBay should select the purpose reason as Cross border shipment of goods & services under header of Export of Goods . Below is a screenshot for your reference.
In case the purpose code is not selected, you will be prompted with the
with the error message in the screenshot:
Review your withdrawal
Withdrawal processed
FAQs :
Is there is a limit on the withdrawal amount for all transactions?
For ACH , there are no withdrawal limits. For check, the withdrawal limit differs from account to account.
Are there goods that are restricted to be exported?
Please refer to the list of export prohibited/banned items at http://www.dgft.org/ITC_HS_Code.html
What are the fees for withdrawing funds through cheque?
$ 5 USD
How long does the cheque withdrawal take?
Processing: & Dispatch: 4-5 days
Delivery: 2-3 weeks
Realization: 2-3 days
How do I increase my cheque withdrawal limit?
In order to increase your cheque withdrawal limit, please send an email to PayPal customer service and they will guide you further.
Do I need to have an IEC code to initiate withdrawal of funds from my PayPal account?
No. The IEC code is not required for initiating withdrawal of funds from your PayPal account. You are not required to enter any IEC code while withdrawing the funds.
