How to Withdraw Money from PayPal in Pakistan?

According to several confirmed stats, Pakistani freelancers were able to earn more than $400 million US dollars in FY2022. Pakistan is slowly outgrowing different countries that held the trophy of bringing dollars via freelancing. Pakistani citizens are now paying a lot of attention to becoming freelancers.

Different surveys showed that people have 9 to 5 jobs and they work as a freelancer after office hours. Some people also left their offices and have become full-time freelancers. There has been a lot of struggle in getting the 400m USDs in the country as there are very few mediums for transferring money internationally.

What is Paypal?

PayPal is an American-based multinational fintech company that stores, accepts, and transfers money. It was founded in 1998 by Ken Howery, Max Levchin, Elon Musk, Luke Nosek, Yu Pan, and Peter Thiel. This app is supported in selected countries and Pakistan is not on that list.

Several freelancing platforms prefer paying via PayPal and Pakistani freelancers have to ask a third party or a person in another country having PayPal to get their payment. There are many reports of fraud where the receiver (Pakistani freelancer) does not get payment from the payee (PayPal account holder) and the receiver cannot make any claim.

The receiver also has to pay a fee to the PayPal account holder to get the original payment transferred into the account. But there is sunshine at the end of every tunnel, now there is a way to withdraw money from PayPal in Pakistan.  In this blog, you will learn how to withdraw money from PayPal in Pakistan.

Withdraw Money from PayPal in Pakistan via Xoom

Pakistanis are no longer required to pay any fee to the PayPal account holder or report fraud because PayPal has introduced Xoom. This platform is completely reliable its parent company is PayPal. With Xoom, you can do the following:

• Reload/top-up any pre-paid mobile network globally
• Pay utility bills globally
• Send money as a home delivery or cash pickup
• Transfer money to a mobile wallet app or bank account

Pakistani freelancers will be happy to know that Xoom can transfer your money in the following banks:

• UBL
• HB
• NBP
• Bank Alfalah
• Allied Bank
• MCB

The minimum withdrawal limit is $10 and the maximum withdrawal limit is $10,000. Below are the steps to withdraw money from PayPal in Pakistan via Xoom.

Step 1: Open Xoom.com and sign-up. Make sure that you have created a PayPal account before making use of Xoom. In simple words, you can only make an account at Xoom is you have an account at PayPal.

Step 2: Make a payment request to the person who has to send you the money via email. The sender will send the details of the receipt.

Step 3: Show the receipt to the bank and receive your payment.

Also Read: How to Deposit Money in Binance from Pakistan?

Conclusion

In conclusion, withdrawing money from PayPal in Pakistan is a relatively simple process. It can be done through a variety of methods including bank transfers, PayPal debit cards, and e-checks. However, it is important to note that the withdrawal process may vary depending on the individual’s account status and the country’s regulations.

Additionally, it is crucial to ensure that the account is properly linked to a bank account and that all necessary verification steps have been completed. By following these steps and guidelines, individuals in Pakistan should be able to successfully withdraw money from their PayPal account.

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