Good news for Fortumo users from Lithuania, Latvia and Estonia, who would like to cash out their revenues via PayPal. In the end of last month, PayPal announced new international withdrawal functionality for multiple countries including the Baltic states. Users from these countries can now receive payments to their PayPal accounts and withdraw the money to either bank accounts in the U.S. or to Visa debit or credit cards. Unfortunately many Visa debit cards do not have a Card Verification Number on the back of the card, which is required to receive payments. Of course one could also use the accounts to pay for other goods and services via PayPal or just send money to someone else. PayPal charges € 0,35 + 3,4% for receiving the money, and € 2 for withdrawing it to a Visa card.

Users from Sweden, Norway, Denmark and Finland can also withdraw their PayPal accounts to their local bank accounts. And Fortumo also supports direct bank transfers (in Euros) to local bank accounts in all the member states of the European Union or in EEA countries (that also includes Norway).