This also means that the balance in the PayPal account, including the funds received by the personal version of PayPal before, cannot be withdrawn to the personal account, and can only be withdrawn to the company's corporate account. paypal But wait, that's not all. Withdrawing cash from a PayPal business account to a corporate account in a domestic bank is usually recorded in US dollars, which requires your corporate account to have a foreign currency function. How? Call your bank or google it yourself. Don't forget, PayPal will also charge a $35 handling fee for each withdrawal from PayPal.
Just thinking about it gives me a headache. It was also suggested that the funds in PayPal can be withdrawn through continuous payments. Yes, this was possible before. Now, Lianlian Pay only accepts paypal payments on the wish and ebay platforms. Choose PayPal or Stripe? A comprehensive mobile number list interpretation of the for cross-border e-commerce independent stations14 Choose PayPal or Stripe? A comprehensive interpretation of the comparison of the two major collection tools for cross-border e-commerce independent stations15 Why cancel the quick RMB cash withdrawal service? Why can't I accept it? Answer: Compliance! " Violation of multiple regulations, repeated payment was fined 2.21 million yuan by the foreign exchange bureau ", this article can tell you the answer.
The Zhejiang Branch of the State Administration of Foreign Exchange issued an administrative penalty document. Lianlian Yintong Electronic Payment Co., Ltd. (hereinafter referred to as "Lianlian Payment") remitted foreign exchange into China in violation of regulations; violated foreign exchange registration management regulations; failed to declare balance of payments statistics in accordance with regulations; failed to submit financial accounting reports and statistics in accordance with regulations Reports and other materials and other violations were imposed administrative penalties by the foreign exchange bureau in accordance with the "Regulations of the People's Republic of China on Foreign Exchange Administration" (Decree No.