How do I withdraw funds from PayPal?

How do I withdraw funds from PayPal?

After you set up PayPal in your store, you can accept PayPal payments and credit or debit cards from your customers. In this case, the money for orders goes to your PayPal account. From there you can withdraw the money to your bank account, Visa and MasterCard Debit & Prepaid Cards, PayPal Debit MasterCard, or request a check. In this article, we describe how to use each of these options.

If you use other online payment gateways in your store (like Stripe, Square, Payeezy, etc.), find instructions on how to withdraw the money on their websites or contact their support team.

To a Bank Account

Forwarding funds directly to your bank account is the most popular way to withdraw money from PayPal. You need to have a confirmed bank account to withdraw money. Read how to confirm your bank account with PayPal. Here are the steps to get the money to your bank account:
Log in to your PayPal account.
  1. Enter the amount you want to withdraw.
  2. Select the bank account to receive the money.
  3. PayPal transfers the amount from your PayPal balance to your bank account. 
The minimum you can withdraw is $1 USD. There is no fee and transfer time is one business day. Please note that it can take your bank some more time to process the money.

Note: Make sure the name registered on your PayPal account matches the name on your bank account.

To Visa and MasterCard Debit & Prepaid Cards

Sending funds from PayPal to your debit or prepaid card takes about 30 minutes. There is a $0.25 fee for this service, though additional currency conversion rates may apply when withdrawing from another currency. Here are the steps to withdraw money to your card:
  1. Log in to your PayPal account.
  2. Enter the amount you want to withdraw.
  3. Cards that you can use for this withdrawal are shown in the To drop-down.
  4. Select the card to receive the money.
  5. PayPal transfers the amount from your PayPal balance to the account associated with the card.
All transfers are reviewed by PayPal and can be delayed or stopped if they identify an issue.

To PayPal Debit MasterCard

PayPal recommends using their PayPal Debit MasterCard as the fastest way to withdraw money. With PayPal’s Debit MasterCard, you can withdraw cash from most ATMs. PayPal Debit MasterCard is only available for customers in the US.

Select Checking Account when withdrawing money from an ATM. You can withdraw up to $400 USD from your PayPal account from an ATM each day. Additional ATM fees may apply.

Request a Check

PayPal also offers the option to receive your funds by check. While customers in the US usually receive checks within 1–2 weeks, other countries may take up to 6 weeks to receive a check. The fee is $1.50 for each issued check. Here are the steps to get a check:
  1. Log in to your PayPal account.
  2. Click Transfer Money under your balance
  3. Select Request a check by mail instead.

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