How do I transfer money using PayPal?

Transferring money using PayPal is straightforward, whether you're sending funds to friends and family, paying for goods or services, or receiving payments. Here’s how you can manage transfers easily on PayPal:

Sending Money

1. Log Into Your PayPal Account

• Access your account by logging in on the PayPal website or via the PayPal app.

2. Navigate to 'Send Money'

• On the website, click on the "Send & Request" at the top of the page.

• In the app, tap the "Send" button usually found at the bottom of the screen.

3. Enter the Recipient’s Details

• You can send money to someone using their email address, mobile number, or name. PayPal will prompt you to enter this information. The recipient must have a PayPal account or will need to create one to receive the money.

4. Enter the Amount

• Type in the amount you wish to send. You can also select the currency if you’re sending money internationally.

5. Choose the Type of Payment

• Sending to friends and family: Typically used for personal transfers and may not incur fees if using your PayPal balance or linked bank account. However, fees apply when using a credit or debit card, or when sending money internationally.

• Paying for goods or services: Select this option if you’re purchasing from a business or individual to ensure purchase protection. A fee may be incurred by the recipient.

6. Review and Confirm Payment

• Before sending, review the payment details. PayPal will show you the source of the funds (PayPal balance, bank account, or credit card) and any applicable fees.

• Confirm the payment. You’ll receive a confirmation email, and the transaction will appear in your activity log.

Receiving Money

1. Share Your PayPal Details

• Give the sender your email address linked to your PayPal account. This is all they need to transfer money to you.

2. Notification

• You’ll receive an email from PayPal when someone sends you money.

3. Access Your Funds

• Log into your PayPal account to view the balance. From there, you can keep the funds in your account for future use, transfer them to a linked bank account, or use them to make payments.

Withdrawing Money from PayPal to Your Bank Account

1. Log Into Your Account

• Access your PayPal account via the website or app.

2. Navigate to Your Wallet

• On the website, click on “Wallet” at the top of the page. In the app, find the "Wallet" option in the menu.

3. Transfer to Bank Account

• Select the option to transfer money, and then choose the linked bank account where you want to transfer your PayPal balance.

4. Enter the Amount

• Specify how much you want to transfer. Review any transfer details or fees.

5. Confirm the Transfer

• Confirm your transaction. Transfers can take a few minutes to several days depending on your bank and whether you choose a standard or instant transfer (fees may apply for instant transfers).

Tips for Using PayPal

• Security: Always ensure you are logging into the official PayPal site or app to avoid phishing scams.

• Fees: Be aware of any fees that may apply to your transactions, especially for international transfers or currency conversions.

• Bank Linking: Link a bank account or card to your PayPal account to streamline transactions and facilitate easier withdrawals.

Using PayPal for sending, receiving, or transferring money offers a convenient and secure way to manage your financial transactions globally. Always stay informed about the latest features and fee structures to make the most of your PayPal experience.