Transferring money from PayPal is a straightforward process, but the steps may vary depending on the destination of the funds, such as a bank account, debit card, or another PayPal account. Below is a detailed guide covering different methods of transferring money from PayPal, along with troubleshooting tips and additional considerations.
1. Transfer Money from PayPal to a Bank Account
This is one of the most common methods used to withdraw money from PayPal. You can transfer funds to your linked bank account via standard transfer (free but takes time) or instant transfer (with a fee).
Steps to Transfer Money to a Bank Account:
1. Log in to PayPal
Open the PayPal website or the PayPal mobile app.
Enter your credentials to sign in.
2. Go to the ‘Wallet’ Section
Click on "Wallet" in the top menu (on the web).
On the mobile app, tap on your balance.
3. Select ‘Transfer Money’
Click or tap "Transfer Money" or "Withdraw Funds."
4. Choose the Transfer Destination
If you haven’t already linked a bank account, you will need to do so by providing your account number and routing number.
Select your preferred bank account.
5. Select the Transfer Speed
Standard Transfer (1-3 Business Days, Free)
This method takes longer but does not have a fee.
Instant Transfer (Minutes, with a Fee)
This transfers funds to your bank account immediately but incurs a small percentage fee.
6. Enter the Amount
Specify the amount you wish to transfer.
7. Review and Confirm
Double-check all details before clicking "Transfer."
8. Wait for the Transfer to Complete
Standard transfers may take up to 3 business days.
Instant transfers are usually completed within minutes, but may take up to 30 minutes in some cases.
2. Transfer Money from PayPal to a Debit Card
If you don’t want to transfer to a bank account, you can withdraw money directly to a debit card.
Steps to Transfer to a Debit Card:
1. Log in to PayPal
2. Go to ‘Wallet’ and Select ‘Transfer Money’
3. Select Your Debit Card as the Withdrawal Method
Ensure your Visa or Mastercard debit card is linked.
If not linked, click "Link a card" and enter your debit card details.
4. Choose Instant Transfer
Transfers to debit cards are instant but come with a fee.
5. Enter the Amount and Confirm the Transfer
6. Wait for Completion
Instant debit card transfers usually take a few minutes, but can take up to 30 minutes.
3. Send Money to Another PayPal Account
If you want to send money to another PayPal user rather than withdrawing it, follow these steps:
Steps to Send Money to Another PayPal User:
1. Log in to PayPal
2. Click on ‘Send & Request’
3. Enter the Recipient’s Email or Phone Number
Ensure the details are correct to avoid sending money to the wrong person.
4. Enter the Amount
5. Select Payment Type:
Friends and Family: No fee for domestic transfers.
Goods and Services: The recipient is charged a fee.
6. Choose Payment Method
Use your PayPal balance, linked bank account, or card.
7. Confirm and Send
Click "Send Money" to complete the transaction.
4. Transfer Money from PayPal to Cash App
Currently, PayPal does not offer a direct transfer option to Cash App, but you can transfer money by first moving it to your bank account.
Steps to Transfer from PayPal to Cash App:
1. Transfer Money from PayPal to Your Linked Bank Account
2. Open the Cash App and Tap ‘Add Cash’
3. Enter the Amount and Confirm the Transfer
4. Wait for Funds to Appear in Your Cash App Balance
5. Transfer Money from PayPal to Payoneer
PayPal does not allow direct withdrawals to Payoneer, but you can link your Payoneer bank account.
Steps to Transfer from PayPal to Payoneer:
1. Add Your Payoneer US Bank Details to PayPal
2. Withdraw Money to Your Payoneer Bank Account
3. Use Payoneer’s Withdrawal Feature to Access Funds
6. Transfer PayPal Money to a Prepaid Card
Some prepaid cards allow withdrawals from PayPal.
Steps to Transfer to a Prepaid Card:
1. Link Your Prepaid Card to PayPal
2. Go to ‘Wallet’ and Choose ‘Transfer Money’
3. Select the Prepaid Card as the Transfer Destination
4. Enter the Amount and Confirm
7. Transfer Money via PayPal Business Account
If you have a PayPal Business Account, you can withdraw money to your bank, debit card, or PayPal Business Debit Mastercard.
Steps for Business Withdrawals:
1. Log in to Your PayPal Business Account
2. Go to ‘Money’ or ‘Wallet’
3. Select ‘Withdraw Funds’ and Choose a Transfer Method
4. Complete the Transfer Process
8. Cash Withdrawal from PayPal
While PayPal itself does not provide cash withdrawal services, you can access your money through:
ATMs (if you have a PayPal Debit Mastercard)
Retail Partners like Walmart (via PayPal Cash Card)
Fees for Transferring Money from PayPal
Standard Bank Transfers: Free (1-3 business days)
Instant Transfers: 1.75% fee (max fee cap applies)
Debit Card Transfers: 1.75% fee (minimum and maximum caps)
Currency Conversion Fees: Around 3-4%
Common Transfer Issues and Troubleshooting
1. Transfer Not Processing?
Check if your bank or card is properly linked.
Make sure your PayPal account is verified.
Contact PayPal Support if the issue persists.
2. Instant Transfer Delayed?
Transfers can take up to 30 minutes due to security checks.
Ensure your bank supports instant transfers.
3. Cannot Add a Bank Account?
Ensure the name on your PayPal account matches your bank account.
Final Thoughts
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