PayPal is one of the most popular online financial services in the world. You can make an account just within minutes as long as you have a device with an internet connection. When signing up to PayPal, you only need to add your bank account, credit card or debit card details.
So whenever you need to make an online purchase, you can use your PayPal account and choose from which card of yours you want to pay. PayPal is also great for receiving money. A lot of sellers use this feature of PayPal to make their online business even easier and flexible.
When someone sends you money or purchase a good from your shop, the money will be available in your PayPal account and you will also get a notification that you have received a payment. Not only receiving the money, but you can also withdraw the money from PayPal to your own bank account.
Depending on where you live, there are many options for how you want to withdraw the money. In this article, we will talk about how to withdraw money from PayPal if you’re living in the United States.
If you’re from another country, you can still read this article to get the general idea of how to withdraw money from PayPal and you can get more specific information on PayPal’s official web page. Scroll down to find out!
1. How to withdraw money from PayPal to debit card
Even though not everyone necessarily has a PayPal account with a debit card set up to it, many people do prefer to link their debit card to their PayPal account so their money withdrawal would be easier. Here is how to withdraw money from PayPal to your debit card, assuming you have linked your bank account to your PayPal:
Step 1. Open PayPal’s webpage through a web browser or through PayPal’s application.
Step 2. Go to Wallet (tap your PayPal balance if you’re using PayPal app).
Step 3. Click ‘Withdraw Money.’
Step 4. Select where you’re transferring money from and then select the bank account you want to transfer your money withdrawal to.
Step 5. Type in the amount of money you want to withdraw.
Step 6. Click continue.
Step 7. Double-check your withdrawal request. If you’re sure everything’s correct, click transfer.
2. How long does it take to withdraw money from PayPal to bank account?
Withdrawing money from PayPal is different in terms of how long it will take, depending on your bank’s clearing process. But, it typically takes 1 business day only, but it can be longer as well.
3. How to withdraw money from PayPal without a bank account
As we have mentioned before, not every country has the privilege of withdrawing money if the PayPal user doesn’t have their bank account linked. This is because in some countries, PayPal does not have a banking license.
An example of a country whereas PayPal users can’t withdraw PayPal money unless they have a bank account linked is India. It's because PayPal does not have a banking license in India.
In the United States, PayPal users have the privilege of withdrawing money not from any bank account. If you’re coming from a country with this privilege as well, here’s the step by step guide on how to withdraw money from PayPal without a bank account!
Step 1. Open PayPal’s webpage through your browser.
Step 2. Log in to your PayPal account.
Step 3. Click ‘Transfer to your bank’ under your PayPal balance.
Step 4. Click ‘Request a check by mail instead’
After you’ve done these steps, a check of your money withdrawal should arrive to your address in 1-2 weeks! Once you’ve requested withdrawing money through a check, you can’t cancel it as well.
Keep in mind that the minimum money you can withdraw by check is USD 1.51 and there’s a USD 1.50 fee for each withdrawal.
4. How to withdraw money from PayPal at Walmart
To make withdrawing money from PayPal even more flexible, PayPal has added another feature in November 2018, which is to add Walmart as their partner. This means that you can get your cash from PayPal by coming to Walmart retail.
You can also add money to your PayPal through Walmart, though you have to have a PayPal Cash Plus account. Here’s how to withdraw money from PayPal at Walmart step by step:
Step 1. Open your PayPal app, signed in.
Step 2. Tap ‘More’ section, select ‘Get Cash.’
Step 3. Enter the amount of money you’re withdrawing. Keep in mind that there is a USD 3 fee for each withdrawal that will be reduced from the total amount of money you’re withdrawing. So, if you’re withdrawing USD 50, you will get cash of USD 47.
Step 4. Tap ‘Generate Code’ at the bottom of the screen.
Step 5. Show the code to the Walmart’s cashier inside a Walmart MoneyCenter or Service Desk and get your cash.
That’s all about how to withdraw money from PayPal at Walmart! Hopefully this tutorial works for you and you can withdraw your money, be it to your debit card, by check, or by going to Walmart!