How to online money transfer from PayPal to bank account
In today’s digital age, online shopping, online money transfer, and other online transactions have become a huge trend among internet users.
All smartphone owners must have used the online payment service at least once. Before using online payment services, people used to do online transactions through net banking, credit card, debit cards,s, etc.
While these methods are very secure, there is a high chance that your bank details or card details will be leaked while doing online transactions due to fraud.
So if you often use your computer or smartphone and do online transactions, then you must have heard about Paypal.
Here in this article, we will explain in detail what is PayPal, how to use it, and how to transfer money from PayPal to a bank account.
What is PayPal?
There are times when you need to transfer money to friends or family. You may also need to receive money from someone or make a payment on e-commerce sites. For all these cases, PayPal is the best digital payment method.
PayPal is a digital payment system operated by PayPal Holdings, Inc. American, which allows users to buy, transfer and receive money from anyone online without disclosing their bank details, account, credit or debit card, etc.
How to create a PayPal account
- To use PayPal, you need to create an account with them. Follow these steps to create an account and sign up for PayPal.
- First of all go to the official Paypal website through this link: https://www.paypal.com/
- You’ll see a “Register” button on the top right of the home page.
- After clicking on the Register button, you will see two options, namely “Personal Account” and “Business Account”.
- Click on any of these options, depending on the purpose for which you want to create a PayPal account.
- Let’s say you select the “Personal Account” option.
- Now you have to enter your mobile phone number and then enter the six-digit code sent to that mobile number.
- Now you will need to enter other personal information like email address, country, etc.
- Then you need to enter your debit card details, your credit card.
- In the last step, you need to click on “Accept and Create Account”.
A confirmation email will be sent to your email ID and you will need to click on this email to confirm your order to activate your PayPal account.
How to login to your PayPal account
Once you have completed your PayPal registration, you are ready to access and log in to your PayPal account to transfer or receive money. You can follow the steps below to log into your PayPal account.
- Go to the official PayPal website.
- You will see the “Sign In” option at the top right of the main screen.
- You need to log in here by entering the registered email ID and password that you created while registering with PayPal.
- If you are a smartphone user, it is best to download the PayPal app, which is easily available for Android and iOS devices.
- You can also log into your PayPal account on your mobile phone using any compatible mobile browser.
As mentioned above, PayPal allows us to make purchases through websites and pay for goods and services on multiple physical and physical platforms, and there are many other benefits of using PayPal. Some of the main benefits of using PayPal are listed below:
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- PayPal provides the easiest and most secure way to make payments.
- Bank details are not disclosed to third parties when making online purchases or transferring funds through PayPal.
- If you do not receive the products you purchased through Pay Through Paypal, Paypal will refund your money in full, no questions asked.
- The secure PayPal protocol makes it easy to detect any potential fraud.
- Creating a PayPal account is completely free.
- PayPal also has a mobile app that provides quick and easy money transfers.
How to use Paypal to pay
Using PayPal to make online payments on any platform is very easy and fast. With PayPal, you can pay at any physical store that accepts PayPal or any website. All you need to do to pay with PayPal is to follow the steps below.
- To pay at any physical store, all you have to do is scan the QR code and then make the payment. This payment method is completely intact.
- To pay anywhere online for goods or services, you need to add products to your cart and then select “PayPal” as the payment method when you click checkout.
- To transfer money to any friend or family member via PayPal, you need to select the “Send money to family and friends” option.
- To send money to someone, all you have to do is enter that person’s email.
An important thing to note here is that you do not have to pay any fees to transfer money to any friend or family member. But in order to “pay for goods and services,” you may have to pay a certain fee.
Steps to Transfer Money from PayPal to Bank Account
Transferring money from PayPal to your bank account is very easy and you only need to follow a few steps. There are two primary ways to transfer money from PayPal to a bank account.
How to Transfer Money from PayPal to Bank Account Using the Website
- Visit the official PayPal website, such as www.paypal.com, from your browser.
- Log in to your PayPal account using your credentials.
- After logging in, you will see the option of Wallet at the top.
- Click “Wallet” and select “Money Transfer”.
Now you should select the link “Transfer to Your Bank”.
- Next, you need to select the bank account to which you want to transfer the money.
- After entering the amount you want to send to any bank account, click the Next button.
- In the last step, you need to confirm the transfer of funds to a bank account by selecting “Transfer xxx dollars now”.
- The funds will now be transferred to the specified bank account.
How to transfer money from PayPal to a bank account using the mobile application
There is another option to transfer money from PayPal to a bank account through the mobile application, and the steps are given below:
- Open the PayPal app on your mobile phone and log in if you haven’t already.
- After logging in, click on PayPal Balance.
- At the bottom, you will see the “Transfer” option.
- Select this option, then select the “Money Transfer” option.
- Now you have to select the bank account you want to send money to.
- Enter the amount you want to send via PayPal and then click the Next button.
- Click the “Transfer $xxx Now” button to confirm the money transfer, and you have transferred the money from PayPal to your bank account using the mobile app.