What DR banks can you use to setup besides Banco Popular if any?
Paypal
DM1
08 May 2019 04:35:18
19
planner
08 May 2019 12:18:03
16621
Only Banco Popular has a two way agreement with PayPal. All other banks can be connected but only one way.
With Banco popular you can move money from PayPal to your bank account. No other bank can do this.
exservdr
08 May 2019 13:38:35
65
The only other alternative is linking your PayPal to a bank in your country of origin.
For example if from the US, you can request PayPal to issue you a debit card which could be used in the DR for purchases or to withdraw cash from the ATM.
gcl1221
08 May 2019 13:39:59
85
Hello! What is the fee for using the popular bank PayPal?
planner
08 May 2019 15:01:18
16621
No idea.
exservdr
08 May 2019 15:22:08
65
500 pesos per withdrawal last time I checked.
Riva31
08 May 2019 15:34:51
260
gcl1221 wrote:Hello! What is the fee for using the popular bank PayPal?
Here at work we received a payment over paypal and when we transfered the money from Paypal to Popular Bank account Paypal charged arround 10.00 US$ and Popular Bank charged arround 45.00 US$, the transaction took to process arround 4 to 5 business days.
planner
08 May 2019 15:44:49
16621
There are fees on both ends for payments received and transferred. That is normal.
gcl1221
08 May 2019 18:11:27
85
The popular bank fee is ridiculous! PayPal fee for sending $ to gmail receipent is zero!
planner
08 May 2019 18:19:47
16621
It is what it is. You can accept it or not. They are the only option HERE for Paypal currently.
gcl1221
08 May 2019 23:11:55
85
I pay my monthly condo fee using using PayPal to gmail receipent, “no fee”!
planner
09 May 2019 01:41:17
16621
Depends how it's done, from where to where. All my clients outside DR who pay me with PayPal either they or I pay a fee!
Some who have friends and family setup seem to be able to pay without fee. Doesn't seem to work to Dominican based paypal accounts.
I am not a PayPal expert, this is all based on my personal experience!
Riva31
09 May 2019 13:52:17
260
planner wrote:Depends how it's done, from where to where. All my clients outside DR who pay me with PayPal either they or I pay a fee!
Some who have friends and family setup seem to be able to pay without fee. Doesn't seem to work to Dominican based paypal accounts.
I am not a PayPal expert, this is all based on my personal experience!
Yes, it depends on what kind of transaction you are doing, if you are making a transaction where sender and receiver has USA based bank accounts or the money stay in paypal accounts is not the same as transfer money from paypal to a Dominican bank account, in this case is like international wire transfer so for sure is not going to be free.
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