How to Withdraw Money From PayPal With or Without a Bank Account?
Table of Contents
PayPal has been serving customers for so long. It is a place where we feel safe and secure. Here you can send and withdraw money easily. You can withdraw cash following a few simple steps.
In fact, you can receive and get the money in your hands by linking your bank account with PayPal. You can withdraw money using an instant transferring process– using a PayPal transaction card or with a check.
But what about the transaction without the bank account linked? Have you ever thought about how to withdraw money from PayPal without a bank account? Well, without a bank account, you’re limited to applying for the PayPal Cash Card to remove funds from the ATM counters.
However, let’s see what the PayPal account is and the methods of getting cash from PayPal with and without any bank account.
PayPal is an international easy money transferring software or application. It is reputed, well-managed, and safe for the customers to transact. You can receive or send money in any preferred currency to other people through this window. You can instantly transfer money to any linked debit card or bank account. Here, you have to pay a 1.5% charge to PayPal.
You can quickly withdraw money using PayPal Prepaid Master Cards or PayPal Credit Cards. For business purposes, you can use PayPal Debit Master Card easily. However, most ATM counters accept PayPal cards, but there are terms and conditions applied.
How to Withdraw Money From PayPal With a Bank Account?
Before we proceed with how to withdraw money from PayPal without a bank account, we have to learn about the process of getting cash from PayPal with a bank account. You have to verify your bank account before withdrawing money or using PayPal. In this process, PayPal will pay between $0.01 and $0.99 to your account with a 4-digit code in the transaction line. It is supposed to happen just after you fill in your banking details. When you receive the code, enter the PayPal app and select the bank account you want to confirm. If you find any dispute, go for the ‘Unconfirmed’ and PayPal will redirect you through the process. It is how you will get your bank account linked with PayPal.
To withdraw your money from PayPal, you must log in to your debit card or bank-linked PayPal account. You can do this by opening the website on your computer or even on your smartphone app. When you proceed to withdraw payments from PayPal, two processes will be waiting there. You can withdraw through an instant transfer or a standard transfer. A stock transfer is not chargeable and may take up to 1 and 3 business days. In fact, considering the bank’s clearing procedure or server systems, a standard transfer method may take up to five business days. In contrast, an instant transfer happens instantly and can take charges.
However, you must transfer money from PayPal to your bank account or a linked debit card. Then you can withdraw the money. Here are the steps to transfer your payment from PayPal to your bank account.
- Go to the PayPal website or open the application on your smartphone.
- Go to the ‘Wallet’ option.
- Then select ‘Transfer Money’ and choose ‘Withdraw from PayPal to your bank account.’
- Select the linked bank account where you want to transfer your PayPal money.
- Enter the total amount, check the inputted details, and ‘Confirm.’ You will get the cash in your bank account.
Then go to the bank branches or ATMs and get your cash in your hands.
How to Withdraw Money From PayPal Without a Bank Account?
This part will observe how to withdraw money from PayPal without a bank account. You may not have more options than two to withdraw money from PayPal except for any bank account linked. One is a physical paper check, and the other uses a PayPal Debit card. The most popular and easiest way is to withdraw with PayPal Debit cards.
If you want to transfer your PayPal amount to cash, you need a debit MasterCard sponsored by PayPal. Now the questions are, how to grab the card? To get a PayPal debit card, you need to get a PayPal Business account first. PayPal doesn’t provide a linked debit card for personal customers at the time of writing in England. However, you possess a Business account on PayPal. In that case, you can send or convert your PayPal money conveniently online or in any store. Suppose you don’t have a PayPal business account and still want to spend with a linked debit card. In that case, an option is open for you: the Wise multi-currency account with a linked debit card. It lets you spend in any currency you hold in your account.
PayPal also allows you to withdraw up to the currency equal to £200 monthly from ATMs without a single fee. There’s no exchange rate markup limit here. So, if you want to switch from one currency to another, you must pay a minimum transparent fee.
Advantages of Having a PayPal Account
Holding a PayPal account has no one or two advantages. It has many benefits that may amaze you anytime.
- Using PayPal, you can receive or send money anytime and anywhere. So, it never bounds you into a particular zone. In fact, you are enjoying receiving payments from international sources without many hassles and even at a minimum charge.
- In PayPal, you can convert the currency you hold to your PayPal registered account. Thus, anytime you can utilize any money you receive and transfer it into cash with your linked bank account or debit card.
- Transactions over PayPal are quite time-saving and safe. Here, you can quickly fulfill your trades. Even you can send invoices or payment requests to others as a reminder. So, it is a simple, modernized, and affordable platform that provides you with more than enough.
Here we have concluded with some ideas about PayPal and its money-transferring process. We experienced how to withdraw money from PayPal without a bank account and even with understanding. Thus, PayPal is developing its service in exclusive and innovative ways.
To learn more about sending money and money transfers, visit our ecommerce content hub.
Paul Martinez is the founder of EcomSidekick.com. He is an expert in the areas of finance, real estate, eCommerce, traffic and conversion.
Join him on EcomSidekick.com to learn how to improve your financial life and excel in these areas. Before starting this media site, Paul built from scratch and managed two multi-million dollar companies. One in the real estate sector and one in the eCommerce sector.