How to withdraw money from PayPal?

02 Jan 2023 By PAYCEC

Finding out how to withdraw money from PayPal is obviously a key question for every PayPal user. Working with any payment gateway requires the ability to withdraw money when it is convenient, whether it is from an invoice, an e-commerce site, or a checkout,

In summary, there are two methods for withdrawing funds from your PayPal account.

You can either transfer the balance to your bank account or use the debit card linked to your Paypal account to withdraw cash from an ATM.

Withdraw Money to a Bank Account

You can always withdraw funds from your PayPal balance and deposit them into a linked bank account. Connecting your bank account to your PayPal account is a good idea for several reasons. To begin, linking a bank account validates your identity. This removes PayPal's sending and withdrawal limits, allowing you to fully utilize the platform.

To withdraw money to your bank account:

1. Go to Wallet.
2. Click Transfer money.
3. Click Withdraw from PayPal to your bank account.
4. Choose the bank account to which the money will be transferred and click Next.
5. Enter the amount and click Next.
6. Please review your request and confirm the transfer.

Withdraw money using your PayPal Debit Card

If you want to spend your PayPal balance right away, another way to convert it to cash is to have a PayPal debit Mastercard.

The debit card, however, is only available to PayPal users who have a registered business account.

If you have a business account, you can spend your balance conveniently, anywhere, and at any time in stores or online.

Most ATMs worldwide accept your linked debit card for cash withdrawals. There are no monthly or annual fees, and there is no required minimum balance to use the debit card.