How can I Transfer money on PayPal? Transferring money has become increasingly convenient in recent years. However, many individuals are seeking alternatives to traditional bank transfers, which often involve hefty fees and payment processing delays.
In response, various payment platforms have emerged to offer people more flexible options for moving funds. PayPal stands out as an essential person-to-person (P2P) platform, facilitating seamless and rapid money transfers across the globe.
It is widely recognized as one of the premier payment platforms globally, if not the very best. PayPal combines security, and affordability with minimal transfer fees, and offers a user-friendly experience.
With PayPal, making payments is simplified, and you can utilize a digital wallet to link your credit or debit card, as well as your bank account.
It also offers a secure payment environment, ensuring that your money reaches the intended recipient promptly. To leverage PayPal’s services for sending money, you need to create a PayPal account.
If you haven’t done so already, you can sign up for an account today and start benefiting from its remarkable services. As a PayPal user, you can effortlessly make payments and transfer funds from your PayPal account to any eligible bank.
Why Should I Use PayPal to Transfer Money?
There are a plethora of reasons why you should use PayPal to transfer money to your friends, families, and business partners. One of these reasons is that PayPal fits consumer-specific needs such as foreign payments, social options, virtual wallet offerings, and many more.
That is, you can send money to over 200 countries and twenty-five currencies. This implies that irrespective of where you reside, you can send money to people from almost anywhere in the world.
Hence, PayPal should be your number one money transfer platform based on the following;
- Transfer money and make payments from your PayPal account to any eligible bank account instantly.
- It is easy to use, fast, and secure. Unlike bank transfers that take up to 1-3 working days before delivering your transfer, you get transfer money and the recipient will get it in minutes.
- Make an instant transfer to anywhere in the world just the way it should be.
- Get your money when you need it.
- Dependable, reliable, and issue of delay.
- Send money directly from any of your connected payment methods.
- If by mistake you transfer money to the wrong person, you can click the contact’s name and ask for a refund.
However, there are fees for certain transfers made on PayPal. Transfers to an eligible bank account are absolutely free. No fee is charged for bank transfers especially when no currency conversion is involved.
While credit and credit card payments come with fees. For debit and credit card payments, 1.50% of the amount transferred is charged.
PayPal Money Transfer
In the meantime, you can transfer money on PayPal in two ways. You can send money using either the PayPal website or the PayPal app. The PayPal website can be accessed via the web browser while the app is only available for mobile devices.
Here, we’ll be showing a step-by-step guide on how to transfer money on PayPal on the website and on the app;
Send Money Via the Official Website
awww.paypal.com can be accessed from any internet-connected device [desktop and mobile]. You can make a visit to it to make your monetary transactions which include transferring money.
But keep in mind that, you can make payments on PayPal only if you have created an account. Sending money via the web is quick, easy, and convenient. Here are steps you can follow to process that below;
- Visit PayPal.com on your web browser.
- Login to your account if prompted.
- Select ‘’Send Payments’’ at the top of your account page.
- Enter the email address or mobile number that you want to send money to.
- On the next page, enter the amount you want to send to the recipient.
- You can add a note underneath if you want.
- Tap on ‘’Continue’’
- Add your shipping address.
- Then click on Send Now to confirm payment.
There you have it! With these steps, you can seamlessly and conveniently send money to your beneficiary without any hassle. The recipient of your funds will get an email notifying them that you send them money.
While sending money, you can change the currency by clicking the dropdown button and selecting your currency.
How To Send Money via Mobile App
Amongst the two methods, the PayPal app is the easiest and fastest means of making payments. Having signed up for an account, you can download the app from Google Play and App Store. To transfer using the PayPal app, here are simple steps you can follow below;
- Launch the PayPal app on your mobile and log in to your account.
- Select your balance from your home screen.
- Click ‘’Transfer money’’ and ‘’Transfer to your bank’’.
- Choose your account or connect the link to your debit card or bank account if you have not.
- Then click ‘’Next’’.
- Input the amount you want to transfer and click ‘’Transfer’’
As you can see, transferring money using the PayPal app is quite easy. Besides, the app allows you to do some things that you can’t do on the website. You can customize your payments with animations, stickers, and emojis. This feature is only available on the app.
Why Can’t I Send Money From My PayPal Account?
There are several reasons why you might not be able to transfer, one reason could be because of a limitation on the account. While another could be due to network issues.
However, if there is no limitation on your account, you can check your internet connection and see if it is stable. But if there is a limitation on your account, you can remove the limitation so as to restore your full account functionality.
Also note that using your debit card or normal bank account you might not be able to process the instant transfer. If you can’t, you should select a different bank or debit card that is compatible with instant transfer from PayPal.