Last Updated on September 23, 2023
PayPal is one of the most successful electronic funds transfer companies, popular mostly amongst freelancers and companies which hire the service of remote contract staff. It has made fund transfers easier than ever. So, how can you get money off PayPal without a card?
The PayPal debit card is not the only method of getting money off PayPal. Although an easier and faster way of getting money off your PayPal account, the card is only available to those with a business account.
Aside from the PayPal debit card which can be used at the ATM to withdraw cash straight out of the machine, other non-card options include bank transfers and email checks. Here in this article, we shall focus on the latter two methods.
Ways to Getting Money Off PayPal without a Card
While receiving money in your PayPal account is easy and delightful, the same cannot be said about getting money off PayPal using a bank transfer method. While there may be several steps in this regard, if correctly followed, you can successfully withdraw the desired amount of money from your PayPal account even if it is limited.
So, here are the steps involved in getting money off PayPal using a bank transfer:
Select the type of bank transfer you wish to use. bank transfer is of two types, differentiated by charge and time taken for the transfer to take effect.
The instant bank transfer as the name implies is affected almost immediately (within 30 minutes) but attracts a small fee. Standard bank transfer on the other hand takes up to a whole day and is free of any charge.
Following the selection of the type of bank account, you will be required to link your PayPal account with your bank account. The papal website or mobile app can be used for this purpose. There is a button that says “link new bank”. This is used to select the bank name from the displayed list.
In some instances, your bank name may fail to be listed, you can select the button which says “I have a different bank” if this happens.
The third step has to do with account confirmation. After selecting your bank name, and type of account and entering your bank details, the app or website will require a confirmation of your account before authorizing a withdrawal.
The company confirms the provided account number by sending a small sum twice to the account. This will be received within 48 to 72 hours. Afterward, the user will be required to log back into the app or website and enter the received amount to confirm ownership of the provided account details.
This is the last step and has to do with carrying out the actual transfer. Following successful confirmation of the provided bank account, you will be authorized to make the transfer.
If you are eligible for the instant bank transfer, then select this option, if not, stick with the standard bank transfer type. fill in the amount of money you wish to transfer and click on “transfer”.
Sell to Exchangers
Another faster way to get money off PayPal without a card is to sell off your PayPal balance to exchangers. Selling to exchangers is simple, fast, and an absolutely seamless way to transfer money from PayPal to your bank account without a bank card.
You agree with an exchange fee with a PayPal exchanger – the fact is that most of them use the money to purchase goods and services online. Others act as a medium of exchange – meaning that they buy your PayPal funds from you and then sell them to someone who needs them at a higher price.
The difference in price is considered profit for them, and most of them do this for a living.
The downside of this is that transacting with an exchanger without an escrow can see you getting ripped and scammed. So when looking for an exchanger, look for someone recommended or in worst-case scenarios, use an escrow.
If you need a PayPal exchange, please contact me.
Email check method.
Alternatively, you can use the email check method. However, this may take longer than the bank transfer method.
Reasons for a delayed bank transfer when getting money off PayPal?
One of the frustrating moments of using PayPal is a prolonged delay in the transfer of funds into a bank account. When in urgent need of money, a delay of a couple of days may appear like taking forever. Here are some of the reasons for a delayed bank transfer when getting money off PayPal.
- If you have made any changes recently in your account settings such as a change of password or other similar changes, the app or website may delay the transfer to verify you are truly the one attempting the withdrawal and not a hacker.
- The amount of money to be transferred may also influence the delay. An unprecedented large amount may trigger a delay.
- Other causes include logging in from other than your usual device or attempting a transfer and withdrawal on a weekend or holiday.
Does PayPal charge users a transfer fee?
PayPal users must understand the charging system of PayPal as the platform is not completely free. Certain transactions attract fees while others do not. As mentioned early, if using the instant transfer option, your account may be charged a token of $0.9.
Account opening as well as funds transfer to family and friends or withdrawing from your PayPal wallet, do not attract any form of charge. These transactions are carried out free of charge in all instances.
Money sent or received may or may not attract an extra charge. When such a transaction involves the use of a credit or debit card by either the sender or receiver, then, an additional charge may be added. However, transfers done straight to a PayPal wallet or bank account do not attract a fee. This does not however apply to international transactions which are charged an extra fee depending on the country.
Is a PayPal debit card necessary?
The discussion so far has successfully demonstrated that PayPal debit cards are not a must and that you can assess your PayPal funds even without the PayPal debit card. However, there are certain advantages to having a PayPal debit card.
The PayPal debit card grants you the opportunity to make online purchases on the go. You can also withdraw cash directly from ATMs after the fund has been exchanged for your desired currency. Unlike physical cards that require an annual fee, PayPal cards do not. The cashback from purchases made is paid back into the PayPal account, ready to be used.
While there may be perks to using the PayPal card for withdrawal and purchase, the bank transfer method, as well as email cheque, are alternative methods of getting money off PayPal in the absence of a papal card.