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PayPal is an online payment system that's been around since 1998, making it easy to send and receive funds to people located anywhere in the world for a small fee — or no fee at all if the money is going to or coming from a friend or family member in the US. The service has made it secure and easy to buy and sell things online and is heavily integrated into sites like eBay and other e-commerce businesses. If you don't yet have a PayPal account, but would like to set one up, doing so is free and should only take a few minutes. Once you're set up, you'll be able to add banking information to make sending and receiving money easier than ever. Here's how to do it. How to set up a PayPal account1. In your computer's internet browser, navigate to https://www.paypal.com 2. In the upper right-hand corner of the screen, click "Sign up." 3. On the following screen, choose whether you're setting up a business or personal account. If you're simply using this to buy and sell on eBay for instance, or to send money to a family member or friend, you'll want to choose "personal" here. Click "Next." Click "Next" after choosing your account type. Jennifer Still/Business Insider4. On the next page, you'll be asked to enter your legal first and last name and your email address as well as to create and confirm a password. When finished, click "Next." After entering your new account information, click "Next." Jennifer Still/Business InsiderNext, you'll need to enter your mailing address as well as your phone number. When you've completed this information, which is mandatory, click "Agree and create account" and your PayPal account will be created. How to add a bank account or credit card to your PayPal accountIn order to make use of PayPal's ability to send and receive money, you'll need to connect a bank account and/or credit card to your account. To do so, log into your account and then follow these directions. 1. On the summary screen, click the "Wallet" option in the menu bar running along the top of the screen. 2. On the menu running down the left side of the screen, click the "Link a credit or debit card" if that's what you'd like to use with your account. Alternately, if you want to connect your bank account itself, click on the "Link a bank account option." Note that it may be worthwhile to do both to create a source of backup funding in future. Select whether you'd like to connect a bank account or credit card to your account. Jennifer Still/Business Insider3. Enter the card or bank information you wish to link to your PayPal account and click "Link card" for debit cards or "Link bank account" if you're using that option. Now, you can send or receive payments from your linked card. Jennifer Still/Business InsiderNote that if you're adding a bank account, it will take two to three days for the process to complete as PayPal will deposit small amounts into your account that you will have to enter via the PayPal website to confirm you own the account. Related coverage from Tech Reference:
Jennifer is a writer and editor from Brooklyn, New York, who spends her time traveling, drinking iced coffee, and watching way too much TV. She has bylines in Vanity Fair, Glamour, Decider, Mic, and many more. You can find her on Twitter at @jenniferlstill. Read more Read less 5 Min. Read
July 2, 2021  PayPal is one of the most useful digital money transferring services for business owners, freelancers, and more. While many people use PayPal to pay other individuals, they must first send money to their PayPal accounts. While you can use a debit card or prepaid card, linking a bank account to your PayPal account is often smarter. If you’re a business owner, this allows you to pay yourself quickly and easily in the future. Or you can pay employees with just a few clicks. Today, let’s break down the exact steps you need to take to transfer money from your bank to your PayPal account. Here’s What We’ll Cover: Step 1 – Confirm a Bank Account and Link It to PayPal Step 2 – Enter Your PayPal Wallet Step 3 – Transfer Money to Your PayPal Account Step 4 – Wait for the Money to Arrive How Long Does It Take to Transfer Money from a Bank Account to PayPal? Key Takeaways Step 1 – Confirm a Bank Account and Link It to PayPalBefore you can transfer money from your business bank account to your PayPal account, you’ll have to confirm the bank account in question. By confirming your bank account, you verify your identity with PayPal and link that account to your PayPal wallet. Not only will this facilitate future transfers, but it’ll also raise your PayPal transfer limits. PayPal confirms bank accounts by depositing two small amounts of money between $0.01 and $.99 into your bank account. The amounts are displayed on your bank statements within a business week. Then they vanish once PayPal has verified its information. To add your bank account to your PayPal account:
Now that you’ve added a bank account to PayPal, you can confirm it. To do this:
At this point, PayPal has a verified and confirmed bank account under your name. You can now transfer money to and from that bank account to your PayPal Wallet. Step 2 – Enter Your PayPal WalletEnter your PayPal Wallet by logging into your account and clicking “Wallet” at the top of the screen. The left-hand side of the screen will display a list of linked bank accounts, credit or debit cards, and other financial accounts available to you. Step 3 – Transfer Money to Your PayPal AccountClick the “transfer money” button found in the middle of the screen. This will bring up another few options. Click “add money to your balance” to add money from your linked bank account to PayPal. Select the bank account you wish to transfer money to or from. Then click “Add”. PayPal does have fees for international transfers. The fee for transfers is based on current exchange rates. PayPal updates these fees regularly on its site. Step 4 – Wait for the Money to ArriveAt this point, all you need to do is wait for PayPal to receive the funds from your linked bank account. The process should occur automatically without any further input on your part. Note that your linked bank account must be in the same name as your PayPal account for you to add money this way. Does This Method Work for Other Payment Options?Yes. The basic process is the same whether you want to use a credit card, debit card, or even make a cash withdrawal. However, the type of transfer you want to make can affect fees, wait times, and more. For instance, foreign payments often take between 5-10 business days to process. How Long Does It Take to Transfer Money from a Bank Account to PayPal?In general, funds added to your PayPal account from a linked bank account will appear within 1-3 business days. However, this is just an average. Many things can affect how quickly money appears in your PayPal account. These include:
Alternatively, sign up for PayPal’s Instant Transfer service. This is far faster than its standard transfer function. It lets you send money to friends or workers in minutes. Or you can accept payments for work super fast. Key TakeawaysOverall, transferring money from your bank to your PayPal account is quick and easy once you have confirmed an account. Prep work aside, setting this system up allows you to quickly transfer cash to your PayPal Wallet in just a few clicks. It’s an excellent tool for ensuring you always have enough money in your PayPal to pay freelancers and friends. Or to make online purchases whenever you need. Enjoyed this guide? Find more on our resource guide. RELATED ARTICLES Can I add 2 bank accounts to one PayPal?You can link up to 8 bank accounts to your PayPal account. linking your bank account to your PayPal account is secure and easy. If you do online banking, you can usually link your bank account in a few minutes. Once you've linked your bank account to your PayPal account, it's protected when you pay for things.
Can you link 2 bank accounts?To link two accounts, you will need the account numbers, routing numbers and proof that you are the owner of both accounts. Once you create the link, you can then send money easily between the two banks. It is important to note that bank-to-bank transfers can take a few days to process.
How do I add a bank account to PayPal?Here's how to link a bank account to your PayPal account manually:. Click Wallet at the top of the page.. Click the bank you want to confirm.. Click Link your bank another way and enter account information.. Enter the exact amounts of the 2 deposits made to your account. ... . Click Submit.. Why can't I add my bank account on PayPal?You can't link a bank account to more than 1 PayPal account at a time. Try removing the bank account from the PayPal account it's currently linked to. The bank account has already been linked to 3 PayPal accounts in the past. You can't link a bank account to any more than 3 PayPal accounts over its lifetime.
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How to add another bank account to paypal
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