Paypal

DM1 Member

Member since 09 February 2019

DM1Member08 May 2019 02:35:18

What DR banks can you use to setup besides Banco Popular if any?

planner Dominican Republic Expert

Member since 27 December 2010

Dominican Republic Expert

plannerDominican Republic Expert08 May 2019 10:18:03

17267

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 Active member

Member since 21 May 2018

exservdrActive member08 May 2019 11:38:35

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 Active member

Member since 10 January 2018

gcl1221Active member08 May 2019 11:39:59

Hello! What is the fee for using the popular bank PayPal?

planner Dominican Republic Expert

Member since 27 December 2010

Dominican Republic Expert

plannerDominican Republic Expert08 May 2019 13:01:18

17267

No idea.

exservdr Active member

Member since 21 May 2018

exservdrActive member08 May 2019 13:22:08

500 pesos per withdrawal last time I checked.

Riva31 Serial expat

Member since 03 February 2019

Riva31Serial expat08 May 2019 13:34:51

264

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 Dominican Republic Expert

Member since 27 December 2010

Dominican Republic Expert

plannerDominican Republic Expert08 May 2019 13:44:49

17267

There are fees on both ends for payments received and transferred. That is normal.

gcl1221 Active member

Member since 10 January 2018

gcl1221Active member08 May 2019 16:11:27

The popular bank fee is ridiculous! PayPal fee for sending $ to gmail receipent is zero!

planner Dominican Republic Expert

Member since 27 December 2010

Dominican Republic Expert

plannerDominican Republic Expert08 May 2019 16:19:47

#10

17267

It is what it is. You can accept it or not. They are the only option HERE for Paypal currently.

gcl1221 Active member

Member since 10 January 2018

gcl1221Active member08 May 2019 21:11:55

#11

I pay my monthly condo fee using using PayPal to gmail receipent, “no fee”!

planner Dominican Republic Expert

Member since 27 December 2010

Dominican Republic Expert

plannerDominican Republic Expert08 May 2019 23:41:17

#12

17267

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 Serial expat

Member since 03 February 2019

Riva31Serial expat09 May 2019 11:52:17

#13

264

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.