Cashing Out and Withdrawing Funds From PayPal App
In this article, you’ll find out how to cash out your PayPal balance, in case you want to get physical cash or just to transfer the money into your bank account. PayPal is a cash transfer app; a lot of companies accept PayPal as a payment method, so you can use it to pay for online purchases, for example. You can also send and receive international payments with it.
If you would like to download it, type PayPal on your App Store or Google Play search bars, look for the blue icon with two white “P”s and click on download. You can also check the description of the video at the bottom of this article, you’ll find a download link in there too.
Now, the PayPal main screen has multiple functions, but this is what you have to do to cash out money from the app. Follow the steps of this simple process:
1) Click on your balance, located in the middle of the PayPal home screen.
If you would like to download it, type PayPal on your App Store or Google Play search bars, look for the blue icon with two white “P”s and click on download. You can also check the description of the video at the bottom of this article, you’ll find a download link in there too.
Now, the PayPal main screen has multiple functions, but this is what you have to do to cash out money from the app. Follow the steps of this simple process:
1) Click on your balance, located in the middle of the PayPal home screen.
2) Once you’ve clicked on the balance, it will take you to a new screen. On the bottom right of this screen you’ll see an option called Transfer, click it.
After clicking on transfer you’ll see two new options, which are Transfer Money and Get Cash.
Transfer Money
With this option you’ll be able to transfer funds from your PayPal balance into the bank account that you have attached to the app, the funds that you transfer will hit your bank account in a period that can go from 1 up to 3 business days (it typically takes only one business day). There’s no fee charged if you select this option, unless you prefer an instant transfer which will get your PayPal funds instantly into your bank account, in case you decide to use this feature, you’ll be charged a 1% of the amount of money that you decide to transfer into your bank account.
With this option you’ll be able to transfer funds from your PayPal balance into the bank account that you have attached to the app, the funds that you transfer will hit your bank account in a period that can go from 1 up to 3 business days (it typically takes only one business day). There’s no fee charged if you select this option, unless you prefer an instant transfer which will get your PayPal funds instantly into your bank account, in case you decide to use this feature, you’ll be charged a 1% of the amount of money that you decide to transfer into your bank account.
After choosing one of those, click Next and type the amount that you would like to transfer and click Next to confirm.
Get Cash
Choose this option if you prefer to pick up your physical cash at Walmart. Just type in the amount of dollars that you would like to pick up (the minimum amount is $20 dollars) and click Continue.
Choose this option if you prefer to pick up your physical cash at Walmart. Just type in the amount of dollars that you would like to pick up (the minimum amount is $20 dollars) and click Continue.
The app will show you a form with the amount to be withdrawn, the fee for this transaction (the fee usually goes from $3 to $3.95 dollars) and what you will receive after the fee is deducted from the amount that you chose to withdraw. Click on Generate Withdrawal Code, you’ll need it and a valid government issued ID when you go to Walmart to pick up your money.
There’s another way to find the Transfer Money and Get Cash options.
1) At the bottom of your PayPal main screen, you’ll see an icon that says More with three little dots, click it.
1) At the bottom of your PayPal main screen, you’ll see an icon that says More with three little dots, click it.
2) A drop down menu will show up, this menu contains both Transfer Money and Get Cash options, click the one you prefer and follow the same steps that were previously explained for each option.
And that is how you can withdraw funds from your PayPal account and either transfer them to your bank account or pick them up as physical cash at Walmart. Hopefully you found this article useful, keep posted up for more articles and be sure to watch the video if you would like to find more information about how to withdraw and cash out funds from your PayPal app:
https://www.youtube.com/watch?v=jcsJa17cwSU&feature=youtu.be
https://www.youtube.com/watch?v=jcsJa17cwSU&feature=youtu.be