If you are into business, selling services to customers online, you can use PayPal to receive money from customers in any country. After you have integrated PayPal on your sales page, you can receive payments from your customers through PayPal’s engine. For this to work out as explained, you will need to have a PayPal account.
Your PayPal account stores the payments made by the customers and then you can go on to withdrawing from your PayPal account later on. There are different online payment or transfer companies you can use, but PayPal is the best among them. Some might be more user-friendly for specific countries but when it comes to reaching a wider range of people around the world, PayPal seems to be the better option.
Transferring PayPal Money to Bank Account
Transferring money to a bank account from a PayPal account is the best-known method of withdrawal from your PayPal account. So long as your account has been successfully verified by PayPal, withdrawing in to it will come as no hassle. What follows are the simple step to take in order to carry out the transfer.
- Visit PayPal’s company website and click on the login tab to log in
- Navigate to withdraw from the account
- Input the amount you wish to withdraw
- Select the verified bank account you wish to send the money to.
And that’s it. It’s that easy. If you followed the steps highlighted you should be done. You can withdraw any amount of your choosing from the account balance in your PayPal account. However, note that there is a minimum amount of money you can withdraw, which is $1. So long as the account has been verified by PayPal you will receive the amount withdrawn in your bank account without any stress. It might take a few hours to get your request processed but it will definitely reflect in your account before long.
Transferring from PayPal to Debit Card
If you want to go with the option of sending or transferring money to your debit card from your PayPal account then it is possible. It will take a few minutes to process this request. Also, for this option unlike the previous method discussed above, you will be charged a fee of $0.25. I list the steps below on how to transfer to your card. Please note it has to be a Mastercard.
- Visit the PayPal website
- Log in to your account
- Navigate to withdraw from the account balance and click to withdraw
- Type in the exact amount you wish to withdraw
- Choose the option to withdraw to your card that you have already registered with PayPal. If not, you can do that first before trying this method.
- Now select the card you wish to transfer the money to
And you’re done. After completing these steps, PayPal will transfer the money you requested to the card.