Last Updated on September 23, 2023
We’d be straight to the point, this article is meant to guide you on how you can easily transfer money from Netspend to PayPal without any hassle. After all, that’s why you’re here. Netspend prepaid cards are a fantastic alternative to traditional checking accounts. And the best part is, transferring money from your Netspend account to PayPal is just as simple as moving funds between any regular prepaid card and PayPal. All you need to do is link your PayPal account to your Netspend account, and you’re good to go. But wait, there’s more. Not only can you transfer money from Netspend to PayPal, but you can also send and receive funds between the two platforms.
How to transfer money from Netspend to PayPal
It’s all about making your transactions convenient with Netspend. So, whether you want to send money to a friend or receive funds from a client, it has never been easier. Here’s how to transfer money from Netspend to PayPal.
- Link your PayPal account to your Netspend account
- Verify the link by completing a microtransaction of less than 1$
- Transfer your funds.
Now, here’s the lowdown:
1. Link your PayPal account to your Netspend account
The first step is to connect your Netspend card account and PayPal together.
- Log in to your PayPal account.
- Access the Wallet section.
- Choose Link a Bank account and follow the prompt.
- Provide the routing number and account number of your Netspend account.
- Proceed by clicking Continue.
- Review the information before adding the bank account.
Alternatively, you can directly link your Netspend card to PayPal:
- Go to the Wallet tab in your PayPal account.
- Select Link a Card or Bank.
- Choose Link a Debit or Credit Card.
- Enter your Netspend card information and click Link Card.
2. Verify the Netspend card with a micro-transaction
Your next step is to verify your Netspend card through a micro-transaction that will be test-credited to it. This is the really vital part and quite simple. Follow these steps to verify the connection between your Netspend and PayPal accounts:
- Log in to your PayPal account.
- Access Transfer Money from the Wallet option.
- Opt for Add Money Online.
- Select your Netspend Account as the source of funds.
- Initiate a transfer of $1 or less.
Allow up to 3 days for the successful transfer.
3. Send money from Netspend account to PayPal
Finally, you transfer funds from Netspend account to PayPal.
- Log in to your PayPal account.
- Select Transfer Money from the Wallet option.
- Choose to Add Money Online.
- Select your Netspend Account as the source of funds and enter the desired amount.
- Allow up to 3 days for the successful transfer.
How long to send money from Netspend to PayPal?
Usually, it takes about 3 to 5 business days for the money you send from Netspend to show up in your PayPal account. But if you make the transfer on a weekend, it might take a bit longer.
To see how your transfer is doing, you can go to the Netspend website or app and look in the “Transfers” section. There, you’ll find a column called “Status” which will tell you if the transfer is done or not. If you have any problems or need more help, just click on “Details” for more information.
Now, if you change your mind and want to cancel the transfer, just go back to the “Transfers” section on the Netspend website or app. Find the transfer you want to cancel and click the “Cancel” button next to it. Keep in mind that canceling a transfer might come with a fee.
How to send money from PayPal to Netspend
If you want to send money from your PayPal account to your Netspend card, you can do it pretty much the same way as sending money the other way around.
First, you need to connect your PayPal and Netspend accounts. To learn more about linking your accounts, go back to step one in the previous section and follow the instructions.
Once your accounts are linked, follow these steps to transfer money from PayPal to your Netspend card:
- Log in to your PayPal account.
- On your account dashboard, look for the Withdraw option and select Transfer to Bank.
- Enter the amount of money you want to transfer from PayPal to Netspend.
- Next, click on the To option and choose Netspend from the list of options.
- Click on Continue to move on to the next step.
- Finally, click on Submit and wait for up to 4 business days for the money to show up in your Netspend account.
That’s it. Just give it a few days, and your transferred money should be available on your Netspend card.
How do they work together? – PayPal and Netspend
PayPal and Netspend are two financial platforms that work together smoothly, making things easy for their users. Netspend is a company in the United States that offers prepaid Visa and MasterCard. With these cards, you can shop wherever Visa and MasterCard are accepted, pay bills, and send money to others.
Netspend also provides gift cards that can’t be refilled and travel cards that you can reload multiple times. If you already have a Netspend prepaid card, you can even open a savings account alongside it.
To put money on your Netspend card, you can reload it with cash, or transfer funds from your bank account or even PayPal. You can also have your paychecks, tax refunds, and benefits like Social Security directly deposited to your Netspend account. You can use your Netspend card at many different places, such as stores, pharmacies, insurance companies, grocery stores, and tax offices because it works with the Visa and MasterCard networks.
Even though Netspend and PayPal might seem like competitors, they actually work closely together to make transferring money between their cards easy for you. You can refill your PayPal card at over 100,000 Netspend locations all over the United States, and vice versa.
If you have both cards, it’s a smart idea to link them together, especially if you often need to move money between them. And the best part is, when you transfer money from Netspend to PayPal, there are no extra fees, and your funds should arrive quickly because of the close collaboration between the two companies.
What about the fees?
While transfers from Netspend to PayPal are totally free, you need to note that canceling a transfer comes with a small fee.
For the inquisitive readers who instead of singing ‘Kumbaya’ in appreciation of this ‘noble gesture’ of free transfers are wondering why, here’s the deal- It seems PayPal and Netspend have some sort of “hush-hush scratch my back I scratch yours” collaboration between them, enabling both financial giants to save millions of dollars annually in transaction settlements(fees). Hence the free transfers. Seems logical enough right?
Read also: PayPal overdraft and how it works
Frequently Asked Questions
Can I link PayPal with Netspend?
Of course, just log in to your PayPal account and follow the steps given previously in the “Linking Your Netspend Card Account and PayPal” section of this article.
What is the bank name for NetSpend?
The Netspend Visa and MasterCard Prepaid Cards are issued by different banks. These banks include The Bancorp Bank, Regions Bank, Pathward, National Association, and Republic Bank & Trust Company. All of these banks are members of the FDIC, which means that your money is protected by federal deposit insurance.
Conclusion
There you have it on how to transfer money from Netspend to PayPal. Transferring money from Netspend to PayPal is a simple process, but there are a few steps you need to take.
Don’t worry, it’s not complicated at all, and if you follow these easy steps, everything should go smoothly. If you ever have any questions about the transfer, feel free to reach out to PayPal customer service for help.
Read also: Using PayPal Credit the right way
