Why is TrustPay Withdrawal no longer available in Estonia?
PayPal and TrustPay have decided that the TrustPay withdrawal service for transferring funds from your PayPal account to your bank account will be discontinued on January 16th, 2016.
What does it mean for me?
When the TrustPay withdrawal service for transferring funds from your PayPal account to your bank account will stop on January 16th, 2016 you will not be able to withdraw funds to your Estonian bank account via TrustPay anymore.
What can I use instead?
At present you can add a USD domiciled bank account for USD withdrawal or an Estonian issued VISA credit card for EUR withdrawal.
How much will it cost?
Initiating a withdrawal to a USD domiciled bank account is free of charge. Currency Conversion fee may apply. See PayPal User Agreement.
The fee for initiating a EUR withdrawal to an Estonian issued VISA credit card is equal to EUR 2.00. Currency Conversion fee may apply. See PayPal User Agreement.
What if I don’t want to use PayPal anymore?
Should you decide you do not wish to use PayPal anymore you can close your account immediately without incurring any additional charges by following these steps:
- Log into your PayPal account at www.paypal.com
- Click Profile near the top of the page
- Select My Settings
- In the “Account Type” section, click “Close account” and follow the instructions