Withdrawing funds from PayPal to a local bank account is a popular question in many countries, including Georgia.
As recently I had to renew my VISA card here in Georgia (Bank of Georgia) I decided to test - can I actually withdraw funds from Paypal to Bank account in Georgia.
Opening Bank Account in Georgia - Bank of Georgia
Turns out I can. And it is done at blazing speeds. Funds were transferred in seconds, Awesome.
For the test purposes, I decided to transfer $40 from my PayPal balance to my Georgian bank account.Ā
the transfer took about 3 seconds and cost $5.Ā
Not sure will the speed be as fast for larger amounts, say $1,000 also not sure about commission for larger amounts, but hey it works.
Remember, you need a VISA card, not MASTERCARD. VISA card cost about GEL 150 for two years, see:
Opening Bank Account in Georgia - Bank of Georgia
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