Understanding International Withdrawal Transaction Costs
When withdrawing funds internationally, you may encounter bank or Paypal transaction costs. This article covers the transaction costs associated with different withdrawal methods and currencies supported by Lumanu.
1. International bank withdrawals
International bank fees are dependent on the payment routing method used to transfer funds to your connected account.
Originating currency | Destination currency | Destination country | Route** | Cost | Minimum withdrawal amount |
USD | USD | Non-US | Wire/SWIFT | $20.00 | $20.00 |
USD | Non-USD | Non-US | Wire/SWIFT | $20.00 | $20.00 |
USD | Non-USD | Non-US | Local | No transaction cost | No minimum |
Transfer timeline: 3-5 business day turnaround
Note: Currency conversions are subject to exchange rate.
2. PayPal withdrawals
You can also withdraw funds to your PayPal account. Note: funds are always sent in USD. Conversions are subject to PayPal’s exchange rate. For an estimate, you can use PayPal's currency calculator.
Transfer Fee: PayPal charges a 3.4% fee
Transfer timeline: 7-10 business day turnaround