What?! That is some great info Ken, thank you! I just followed your steps and it worked, super easy. There is a healthy amount of fees, I transferred 3 steem and ended up with $1.74 usd in my paypal account (while steem was valued at .80 on coinmarketcap). But it was so easy and quick. The money is now being transferred to my bank account, but I've done that many time via paypal so I'm sure that will work. Don't worry steem community, I'm not cashing out but it's great to know that I can quickly in case of an emergency. Cheers!