Withdrawing funds from PayPal

Last updated

If your customers pay using PayPal in your Ecwid store and you get money to your PayPal account, there are several ways to withdraw money. You can have the funds transferred directly to your bank account, to your credit or debit card, use your PayPal Debit MasterCard, or have the money sent it to you via check.

In this article:

Bank transfer

The most popular way to withdraw money from your PayPal account is having the money sent directly to your bank account.

  1. Log in to your PayPal account.
  2. Enter the amount you want to withdraw.
  3. Select the bank account to receive the money.
  4. PayPal transfers the amount from your PayPal balance to your bank account.

Time to get the money: 1 business day
Fee: 0

The minimum you can withdraw is $1.00 USD. Make sure that the name registered on your PayPal account matches the name on your bank account.

Visa and MasterCard Debit & Prepaid Cards

Having the money sent to your debit or prepaid card is a faster way to withdraw money from your PayPal account.

  1. Log in to your PayPal account.
  2. Enter the amount you want to withdraw.
  3. Eligible cards that can be used for this withdrawal are shown in the To drop-down.
  4. Select the card to receive the money.
  5. PayPal transfers the amount from your PayPal balance to the account associated with the card.

Time to get the money: about 30 minutes.
Fee: $0.25. Additional currency conversion rates may apply when withdrawing from another currency.

All transfers are reviewed by PayPal and can be delayed or stopped if they identify an issue.

PayPal Debit MasterCard

PayPal recommends using the PayPal Debit MasterCard as the fastest way to withdraw money from your PayPal account.

PayPal Debit MasterCard is only available for customers from the US.

If you have a PayPal Debit MasterCard, you can use it at most ATMs to get cash from your PayPal account right away. You can also use your PayPal Debit MasterCard to make purchases.

When withdrawing money from an ATM, select Checking Account. You can withdraw up to $400.00 USD from your PayPal account from an ATM each day.

Additional ATM fees may apply.

Check

You can request PayPal to send your money to your by check.

  1. Log in to your PayPal account.
  2. Click Transfer Money under your balance
  3. Select Request a check by mail instead.

Time to get the money: Customers in the US usually receive checks within 1-2 weeks. For customers outside the US it may take up to 6 weeks to receive a check.
Fee: $1.50 USD for each issued check.

Back to top
Was this article helpful? 0 out of 0 found this helpful