How to Get Money Out of PayPal: A Comprehensive Guide
PayPal has become a popular platform for online payments, allowing you to send and receive money easily and securely. However, some people may encounter difficulties when attempting to withdraw money from their PayPal account. In this article, we will explore the different methods available to help you get money out of PayPal.
Transfer Funds to Your Linked Bank Account
If you have not already linked a bank account to your PayPal account, you will need to do so before being able to transfer funds. To link a bank account:
- Login to your PayPal account and go to the ‘Wallet’ tab.
- Click ‘Link a Bank or Card.’
- Select ‘Bank Account’ and enter your account information.
- Follow the prompts to confirm your bank account.
Once your bank account is linked, you can transfer funds by following these steps:
- Login to your PayPal account and go to the ‘Wallet’ tab.
- Click ‘Transfer Money.’
- Select the bank account in which you would like to deposit the funds.
- Enter the amount you wish to transfer and confirm the details.
It is worth noting that there may be fees associated with this type of transfer, and it can take a few business days for the funds to appear in your bank account.
Request a Check to be Mailed to You
If you prefer to receive a physical check, you can request one to be mailed to you. To do so:
- Login to your PayPal account and go to the ‘Wallet’ tab.
- Click ‘Transfer Money.’
- Select ‘Request a Check.’
- Enter the amount you wish to withdraw and confirm the details.
It is important to note that there may be a wait time of up to two weeks to receive the check, and there may also be fees involved with this method.
Use PayPal Funds for Online Purchases or Send Money to Friends and Family
If you have PayPal funds, you can use them to make purchases online or send money to friends and family. To do so:
- Login to your PayPal account and go to the ‘Send & Request’ tab.
- Select either ‘Pay for goods or services’ or ‘Send to friends and family.’
- Enter the recipient’s information and the amount you wish to send.
- Confirm the details and follow the prompts to complete the transaction.
This method can be convenient if you have PayPal funds available, but it may not be useful if you need the funds in cash or to deposit into a bank account.
Use a Third-Party Service Like PayPal to Cash
Third-party services that specialize in transferring PayPal funds to cash can also be an option. These services work by allowing you to exchange your PayPal funds for cash either through an in-person transaction or by receiving a check in the mail. Some examples of these services include:
- PayPal to Cash
- Paysafecard
- Neteller
It is important to research any third-party service you use and be aware of any potential fees or scams that may be associated with them. However, some users may find this method to be more convenient than other options.
Withdraw Cash Directly from ATMs Using a PayPal Debit Card
If you have a PayPal debit card, you can withdraw cash directly from ATMs. To obtain a PayPal debit card:
- Login to your PayPal account and go to the ‘Wallet’ tab.
- Click ‘PayPal Debit Card.’
- Select ‘Apply Now’ and follow the prompts to complete the application.
Once you have a PayPal debit card, you can withdraw cash by following these steps:
- Insert your PayPal debit card into an ATM.
- Enter your PIN number.
- Select ‘Withdrawal.’
- Follow the prompts to complete the transaction.
It is important to note that there may be fees associated with using a PayPal debit card for ATM withdrawals, and there may also be daily withdrawal limits in place.
Conclusion
Overall, there are various methods available to help you get money out of your PayPal account. Depending on your circumstances and preferences, some options may be more suitable than others. It is important to be aware of any fees or wait times associated with each method and to choose the one best suited for your needs.
