Transferring it to my checking account would work just fine for me, but I don't think that this is possible for non US countries.

Interesting. That's the way they do it by default in the US. The first thing they ask you to do after setting up an account is to have a checking account verified.

Here you go:

Q: How will I be able to withdraw funds in my International PayPal account?

A: PayPal members in any country may withdraw funds to a U.S. bank account. If you live in Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Japan, Mexico, the Netherlands, New Zealand, Norway, Singapore, Spain, Sweden, Switzerland, or the United Kingdom, you may withdraw funds to a local bank account. You cannot withdraw funds from the PayPal system unless (1) live in one of these countries or (2) have a U.S. bank account. You may, however, always spend the money in your PayPal account with another PayPal member.