fees for paypal withdrawal?

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Lieutenant_OH7

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I would like to know how much it would cost you if you withdrawal earnings from a poker site by paypal, rather than bank wire transfer... Like both for the transfer from the poker room to your account, but also when you withdraw it to your own bank account then... How much % would you loose on this? Compared to a payout by bank transfer...
 
Melbell

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Not many sites that I know of do Paypal.
 
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Thubb47

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I was looking into this today and I found via google that some people are using paypal to by Second Life currency and then using that currency to buy bitcoins which then can be used to deposit on a number of poker sites. once you deposit with bitcoins, my understanding is that there are no bitcoins withdrawal fees. However, the PayPal to bitcoin transfer comes with a 10% fee, but that's only at the beginning so your poker winnings won't get hit with a fee. has anyone had success doing this?
 
Melbell

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Seems like a lot of effort with all options that do work for cashing out and depositing.
 
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Thubb47

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I agree. Too much effort. I'm just trying to find the best way to get my PayPal funds converted to bitcoin so I can deposit for poker without having to give any of my bank info
 
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Thubb47

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Seems like a lot of effort with all options that do work for cashing out and depositing.
Which method do you suggest for deposits. Again, I'm trying to keep my bank account information out of the entire transaction
 
Melbell

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I have used xapo for bitcoin
 
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Thubb47

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Thank you melbell. I check that out
 
ninoqualita

ninoqualita

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never seen paypal option for withdrawl option mate, sorry
 
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Thubb47

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Ya. I haven't seen PayPal withdrawal either. That's why I brought up PayPal to bitcoin option to see if anyone else has tried it out
 
Melbell

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I think some of the Non US sites may have them. But not sure.
 
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