We have two ways to send money with PayPal . On the one hand, transfer it to someone else's account, on the other, direct it to your own bank account.
Regarding PayPal fees , in both cases the platform charges a cost per transaction. We will tell you more about these percentages later.
Let's learn how PayPal works in these two scenarios .
Transfer money to another person
Access your PayPal account.
Click on “Send and request money”.
Enter the “Send” tab.
Enter the email, phone number or czech republic phone data name of the person to whom you are transferring money. Click “Next”.
Please indicate the amount of money to be sent along with its currency. A message can be added.
Specify the link, that is, whether it is a shipment to a friend or family member or if it is a payment to a professional for a service provided, for example.
Select whether the money transfer should be from your PayPal balance or a card. Click “Next.”
Review all the data entered to avoid any inconveniences and click on “Send money” to confirm the operation.
Transferring money to another person using your PayPal account is usually credited immediately .
Send money to your account to withdraw funds
Access your PayPal account.
Enter the “My Wallet” section.
Go to “Transfer money” » “Transfer to bank account”.
Select whether you are going to direct the money to a bank account or to an associated card.
Please indicate the amount.
Review all the data entered to avoid any inconveniences and accept to confirm the operation.
This is one of the ways to withdraw money from PayPal . If the transfer is made to a bank account, the crediting usually takes between one and five business days .
So far we have learned how to withdraw money from PayPal and how to send it to another person. Now we are going to see the opposite circuit: when you are receiving the funds.
And how to get paid on PayPal? This is what we are going to discover in the section.