Withdrawing funds from PayPal to a local bank account is a popular question in many countries, including Georgia.
As recently I had to renew my VISA card here in Georgia (Bank of Georgia) I decided to test - can I actually withdraw funds from Paypal to a Bank account in Georgia?
If you need consultancy or help with opening a bank account in Georgia, visit the Terramatris website: Opening Bank Account in Georgia
Turns out I can. And it is done at blazing speeds. Funds were transferred in seconds, Awesome.
For the test purposes, I decided to transfer $40 from my PayPal balance to my Georgian bank account.
the transfer took about 3 seconds and cost $5.
Not sure will the speed be as fast for larger amounts, say $1,000 also not sure about commission for larger amounts, but hey it works.
Remember, you need a VISA card, not MASTERCARD. VISA card cost about GEL 150 for two years, see:
If you need consultancy or help with opening a bank account in Georgia, visit the Terramatris website: Opening Bank Account in Georgia
