Articles on: Payments

Withdrawing to Paypal



PayPal is one of the most commonly used payment processors in the world.

That is why we at goLance, offer the flexibility of adding PayPal as a withdrawal method for your convenience. However, it is only available on a limited basis. If you would like to know if you are able to add this withdrawal method to your account, please contact customer support.

Please note that PayPal can only be added as a withdrawal method and not a payment method.

This withdrawal method sends money directly to your PayPal account.

Countries Available:
Most countries but please review this list, see their list here.

goLance Fee:
$2 USD per transaction.

Paypal Fee
$0 for US accounts, variable percentage for Non-US accounts. You will see the exact amount you will receive before approving your withdrawal.

Payment Network Currency Conversion Rate / Fee
See PayPal's website.

Time to Withdrawal
Usually under 1 hour to go to your PayPal account. Please review PayPal's website to confirm how long it may take to transfer money from your PayPal account to your bank account.

Advantages
Usually fast, with low fees.

Disadvantages
PayPal can block your funds without prior notice if they think you violate their rules. Withdrawing from PayPal to your bank account can be slower than goLance direct bank withdrawal, and sometimes has higher fees.

When to Use
If you like using PayPal to buy things online, or cannot link your bank account directly to goLance.

Updated on: 16/02/2023

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