Withdrawing your earnings from Plus500 is an important part of trading with this platform. To make sure you understand the process, we’ve put together a list of the top 10 frequently asked questions about Plus500 withdrawals. This guide will help you understand the processing time frame for each withdrawal method, withdrawal statuses, when it is necessary to claim PayPal funds, and more.
1) What is the processing time frame for each method?
The processing time frame for each withdrawal method varies depending on the payment processor and other factors. Generally speaking, Credit/Debit Card refunds may take up to 5 working days. Bank transfers may take up to 7 working days and PayPal transfers can take up to 2 hours in certain cases.
2) What is the minimum amount that can be withdrawn from Plus500?
The minimum amount that can be withdrawn from Plus500 depends on the payment processor being used. The minimum amount for a Debit/Credit Card Refund is $100 USD, whereas bank transfers have a minimum of $50 USD and PayPal has no minimum limit specified.
3) What are the fees associated with withdrawing money from Plus500?
The fees associated with withdrawing money vary per payment processor. Generally speaking, Credit/Debit Card refunds have no fees associated with them while bank transfers have an additional fee of $30 USD and PayPal has an additional fee of 4%.
4) What are the withdrawal statuses?
The possible withdrawal statuses are “Pending” (the transaction request is waiting to be processed), “Processing” (the request has been approved by your broker but still needs to be processed by our payment provider), “Completed” (your funds have been successfully transferred to your account), “Declined” (your request was denied due to insufficient funds or other reasons).
5) When is it necessary to claim PayPal funds?
It is necessary to claim PayPal funds if the withdrawal status has been set as “Completed” but you do not see any money in your account yet. You should contact our support team at [email protected] in order to investigate why this could be happening and how you can proceed further in order to get your funds released in a timely manner.
6) Are there any withdrawal limitations?
Yes, there are some limitations that must be taken into consideration when withdrawing money from Plus500: All refunds have a maximum limit of $10,000USD; All bank transfers have a maximum limit of $5,000USD; All PayPal transactions have a maximum limit of $2,000USD; All credit card transactions have a maximum limit of $5,000USD; There might also be limits determined by your country’s laws or regulations that need to be followed in order for your transaction requests not get declined due to such reasons.
7) Which documents do I need to provide for the withdrawal process?
In order to complete the withdrawal process, you will need to provide us with some necessary forms of identification. Depending on your country of residence, this could include a copy of valid ID (Passport or Driver’s License), proof of address (utility bill or bank statement not older than 3 months), and proof of payment method (bank statement, credit card statement, etc.).
8) Are there any restrictions on how much I can withdraw in one day?
Yes, the maximum amount that you can withdraw in one day is $50,000USD. Any withdrawal requests over this amount will be declined.
9) Is it possible to cancel a withdrawn request?
Yes, it is possible to cancel a withdrawn request. All you need to do is contact our support team at support@plus500.com in order for them to process your cancellation request and make sure that the funds are transferred back to your trading account.
10) Are there any charges for withdrawing funds from Plus500?
Yes, some payment processors have additional charges associated with them when it comes to withdrawing funds. These include a commission fee of 4% for PayPal transactions, and $30USD for Bank Transfers. Credit/Debit Card refunds do not have any associated fees.
Conclusion:
In conclusion, understanding how withdrawals work on Plus500 will help ensure that you are able get your profits out safely and securely without having any issues along the way. By taking into consideration all these FAQs about withdrawing from Plus500 Platform USA AUDIENCE customers will make sure they are able withdraw their earnings properly so they don’t miss out on getting their profits back! With this guide in hand understanding how withdrawals work on Plus500 should become easy so that users can enjoy their trading experience without worrying about missing out on their profits!