How to use a PayPal account in Saudi Arabia?

One can top up with the amount of money the wish for shopping purpose. Great isn’t it, consumers can top up their PayPal account from their bank account.

So we can hope that negotiation between bank and PayPal are successful as once this is initiated, it would benefit many of us!

Transferring money from a PayPal account into a bank account: This service can be used by Merchants. When a company initiates a PayPal account for online selling and receiving transactions, they can transfer money that comes in their PayPal account into their Bank accounts.

The money from PayPal account can also be transferred to the Visa card. However, PayPal’s account money cannot be transferred to Saudi banks, they are working on it yet no statements are made.

So wait and hope for the best! For now, transfers can be made into all banks of USA, or in Cairo Amman Bank (Jordan) or in Attijariwafa Bank (Morocco).

PayPal currencies: PayPal allows its users to transfer money in about 100 currencies. The money from PayPal’s account can be transferred into a bank account in 57 different currencies.

PayPal’s balance can be maintained in 26 currencies, among which Saudi Riyal is not included. Changes are soon to be expected.

Transaction fees: Here is a detail of transaction fees levied by PayPal:

• For transferring money from PayPal account to Visa Card: $5
• Withdrawing money from USA bank: no fees.
• Receiving up to $ 3000 per month: 4.9% rate and $ 0.30 per transaction
• For receiving more than $3,000 monthly: Merchant rate of 3.9%