How Do I Withdraw Money from PayPal? A Complete Step-by-Step
How Do I Withdraw Money from PayPal? A Complete Step-by-Step
PayPal has quickly become one of the most reliable and popular platforms for receiving, sending, and managing money online. No matter if you are an international freelancer working with international customers or running an eCommerce store with PayPal products online. Or just someone using it as payment option when shopping or making through it- understanding how to withdraw money from bank account instantly is of critical importance.
At first glance, online payment might seem difficult or confusing - particularly if you are unfamiliar with its process. PayPal acts like a digital wallet that needs to be linked either with your banking account or credit card to fully utilize its capabilities. Have you ever asked yourself: how exactly does PayPal work? If that has ever been your question then wonder no longer.
To withdraw money from bank account to PayPal instantly, you must have linked bank account. Here is how to withdraw money from bank account to PayPal:
Consider PayPal as your virtual wallet: You can store money just like cash in a physical wallet, then transfer the funds directly into your bank account as needed.
PayPal allows you to move money between PayPal and bank accounts; in certain regions it also supports transfers in both directions.
PayPal offers secure and encrypted transactions to protect the funds as they move between accounts.
When you withdraw money from PayPal, this is equivalent to telling them "Take my money now!"
Please move my PayPal funds directly into my bank account so I can access or utilize them outside of PayPal.
Sometimes people ask the reverse: how to withdraw money from bank account to PayPal? Technically, this not a withdrawal- it is called “Adding Money” to your PayPal balance. Here is how to withdraw money from bank account to PayPal:
Visit PayPal.com or download their mobile application for additional assistance.
Fill in your email address and password.
Verify that your account has been validated.
Click Wallet from either the top (desktop) or bottom menus (mobile).
This section displays your available balance and linked bank accounts and credit cards.
Click Transfer Money or Transfer Funds.
PayPal gives you two choices when adding funds from a bank account: either add them directly into PayPal, or transfer money out.
People frequently ask what the best way is to transfer funds from a bank account into PayPal, using "Add Money." Here is how to transfer funds from bank account to PayPal:
Go to Wallet and choose Add Money from the drop-down list. Your linked bank account should then appear.
Enter the amount that you would like to include.
Verify the confirmation of transfer.
Funds typically arrive on your PayPal balance 3 to 5 business days later.
But there is one catch - instant transfers between banks and PayPal are not always readily accessible. While PayPal - Bank (with its instant transfer feature) usually takes less time due to your bank's clearing system, you may also use instant payment via:
Alternative Banking Account Options Include Connecting Debit Cards Instead
PayPal allows debit card payments online via their system.
PayPal uses this method of acquiring payments when making purchases, rather than waiting on bank transfer of funds to take effect.
Contact a live PayPal agent through their customer support number available across the country or log in to PayPal - Help - Contact Us - Message Us/ Call Us and connect directly.
Sign in, go into Settings (gear icon), Email Section.
Create and validate a new email.
After verifying, remove and dispose of the old one.
Go to Help - Contact Us - Email Us and submit an inquiry from their website, PayPal typically responds within 24-48 hours.
PayPal does not provide public email addresses to protect themselves against phishing scams; for your own protection, sign into and utilize PayPal's Me feature to use their secure services.