If you don’t have your ATM card though, you can use a service provided by PayPal called Xoom to transfer money directly to a Chinese bank account. If you’re stuck at this point and can’t access your funds, Global From Asia has written up some alternative ways you can access your PayPal funds in China even as a foreigner. So if you’re a foreigner with no valid ID in China, this will not work for you and you will need to find a trustworthy Chinese friend or colleague to help you complete this transaction.
However, LianLianPay requires a Chinese ID card that matches with the details indicated in your Paypal account. All of the information among these accounts must be identical. To use this payment service, you need to sign up for a LianLianPay account, verify your personal or business information, and link your PayPal account with your LianLianPay account. LianLianPay is a third party payment service that helps you withdraw your money from USD to RMB using your local Chinese bank account with 1.2% withdrawal fee and only takes up to 2 days. You can use an officially supported PayPal service called LianLianPay. Alternative ways to send funds to China using or a foreign ATM card.
#Paypal transaction fees yuan how to
How to withdraw those funds from the Chinese bank account (spoiler alert: you’ll need a Chinese ID card).
How you MIGHT be able to setup PayPal with a Chinese bank account (doesn’t always work).
withdrawing money in China) than using PayPal in conjunction with a Chinese bank account. There may be far simpler methods to reaching your financial goal (i.e. It’s important to know WHY you’re trying to set this up and WHAT you are trying to accomplish. Since China has alternative online payment platforms (like AliPay and WeChat pay) there’s not a huge demand for PayPal in China, which is why there is no simple solution to setting up a Chinese bank account with PayPal. Before explaining how to set PayPal up along with a Chinese bank account, it’s important to first mention a few things about PayPal and how it works in China.Ĭhina has its own type of online payment platforms and the general population in China does not use PayPal and many banks don’t even know what PayPal is if you were to ask them about it.
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