One of the easiest and fastest methods to use online for money transactions is PayPal. Once you have an account, you can utilise it for most all of your Internet financial needs. You can use it to buy things or pay bills online, however you can also withdrawal money from it. This way you can draw on the money in your PayPal account offline too. There are a few ways to accomplish this that require various steps with differing amounts of time needed for each. If you already have an account you can withdrawal money from it.
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Things you need
- Internet Connection
- PayPal Account
- PayPal Debit Card (optional)
Access your online PayPal account. Use the link supplied in Resources (below) to sign in to your account. Type in the email address you have associated with your account and the password. Click the “Log In” button to open your main accounts page – My Account Overview. Click on the “Withdraw” link located in the title bar.
Decide on a withdrawal method. There are three ways you can take money out of your PayPal account. Each one differs in the amount of time you need and the fee charged for using it. You will see these options along with other ways you can use your PayPal card to shop on the page you opened. If you would like to actually “get cash in your hands,” you will need to use one of the three methods. Each way is detailed in the following steps. You may want to go over all three prior to deciding, which would work best for you.
Move your PayPal money to your bank account. This is the only free method (of the three) to get your cash out. This one will take from three to four business days to complete. If you want to use it, simply click on the link “Withdraw funds to your bank account” that is located under “Options.” On the page that opens type in the amount of money you want, select the bank account you would like it to go to and then click on the “Continue” button. Review the information shown on the next page. If you need to make changes, select “Edit” to do so. If you want to cancel, select the button for it. Otherwise click on the “Submit” one to complete the transfer.
Request a check for your money. You can obtain a check for your PayPal funds for a fee of 90p. It will take from one to two weeks to acquire this check. Click on the link provided for it that is located under “Options.”Type in the amount of cash you would like, pick the address you want it mailed to and click on the “Continue” button. Review the details on the next page. If you want to alter it, select “Edit”. If you would like to cancel, choose that button. When you are satisfied, click on “Submit” to finish.
Use your PayPal Debit card to get cash fast. You can instantly receive money from your account by using your debit card associated with it. There is a 60p fee from PayPal to employ this method and most often you will also be charged by the ATM you use. To apply this method, simply use your card in any acceptable ATM.
Tips and warnings
- Your PayPal account will have set Withdrawal Limit. You will not be able to take out any more than this amount in a one-month period. You can find this amount by clicking on “View Limits” on your main PayPal accounts page. If you have a PayPal Debit card, you will have limits on it as well.
- If you do not have a PayPal Debit card, you can apply for one from your main accounts page.
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