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If you're like me and a lot of people these days, PayPal handles a lot of bills for you. With Netflix, eBay, and various other services linked to a PayPal account, the fees are all handled automatically without having to do so much as click a link or tap on an app. However, because I'm never exactly sure when a PayPal charge is coming, I always leave a cushion of cash in the account. I also like knowing that with cash in my account I can immediately send money if I have access to a phone or computer that has access to the web. If you want to make sure you have access to immediate funds if you ever need it, pad your PayPal account by adding some money. Here's how. How to add money to your PayPal account1. Log into your PayPal account and click "Transfer Money" under your balance on the home page. Your PayPal account gives you immediate access to the cash stored there and can also draw from a linked bank account. Steven John/Business Insider2. On the next page, click "Add money to your balance." It is free to transfer money in both directions between PayPal and your bank, but the process may take several days to complete. Steven John/Business Insider3. Enter the amount of cash you wish to transfer from your bank, then hit "Add." Click "Add." Steven John/Business Insider4. On the next page, click "Add $ (XXX amount)" to complete the transfer. Click the button to complete the transfer. Steven John/Business InsiderRelated coverage from How To Do Everything: Tech:
Steven John Freelance Writer Steven John is a freelance writer living near New York City by way of 12 years in Los Angeles, four in Boston, and the first 18 near DC. When not writing or spending time with his wife and kids, he can occasionally be found climbing mountains. His writing is spread across the web, and his books can be found at www.stevenjohnbooks.com. Read more Read less PayPal is an electronic payment service that has been in use for over 20 years. PayPal lets you send and receive money online easily. However, before you can use the service you have to know how to add money to PayPal. Read on to learn more.
How to Add Money to a PayPal Account ExplainedPayPal is an online payments service. It allows you to send money from your PayPal balance to someone else’s PayPal account while paying a small fee. The service is also integrated with many e-commerce websites, allowing you to make payments for goods and services quickly and easily using your PayPal account. To add and hold money in your PayPal account, you need a PayPal Balance account. Without a Balance account, you can still make payments, but you need to have a linked payment method. When you make a payment the money is taken from your linked bank account or card. You can also receive money without a Balance account. There are several different methods of how to add money to PayPal Balance. These methods are explained in detail in the sections below. Option 1: Transfer Money from a Bank Account to PayPalYou can add money to your PayPal Balance account by doing an electronic funds transfer from your bank account. Follow the instructions below to do this:
A bank transfer takes between 3 and 5 business days to reflect in your PayPal Balance. Option 2: Add Money to PayPal from a Debit CardYou cannot use a debit card to add money to your PayPal Balance account. However, you can link a card to your PayPal account so that when you make a payment, the money is automatically taken from your linked debit card. Follow the steps outlined below to link a debit card to your PayPal account:
Please note that your bank may require you to complete additional steps for security purposes when linking your card. To confirm that it is you doing the transaction, you will be asked to enter a code sent via a Two Factor Authentication (2FA) method. Usually, it is a message sent to your mobile phone. Option 3: Receive Money from Friends and Family PaymentAnother way to add money to your PayPal Balance account is to give cash to someone you know then ask them to transfer an equivalent amount from their PayPal account to yours. To do this, give money to your friend or family member via whatever method is most convenient. Then, tell them the email address associated with your PayPal account. It is important to only ever use this method with people you trust completely. It is very easy to get scammed if you give money to a stranger or someone you don’t fully trust, hoping they will send money to your PayPal account. How to Add Money to the PayPal AppYou can use the PayPal smartphone app to add money to your PayPal Balance account. The app gives you a few extra options. You can cash a check, add cash at a retail store, or link a debit card to make payments directly from the card. Instructions for each method are shown below. Deposit a CheckYou can use the PayPal app combined with the camera on your phone to cash a check directly into your PayPal account. Follow the instruction below to do so:
If the transaction is successful you will have access to the money within the time you specified. Add CashYou can use the PayPal app to add cash to your account at participating store locations in the United States. The following retailers support this service:
The instructions below explain how to add cash to your PayPal Balance account in-store.
Once the transaction is complete the money will be available in your PayPal account in a few minutes. Link a Debit CardLinking a debit card lets you send money and make payments without any money in your PayPal Balance. Instead, the money is taken directly from the linked card.
Please note your bank may require you to complete additional steps for security purposes when linking your card. To confirm that it is you doing the transaction, you will be asked to enter a code sent via a Two Factor Authentication (2FA) method. Usually, it is a message sent to your mobile phone. What Are the Fees for Adding Money to PayPal?The list below shows each of the different methods you can use to add money to PayPal and the cost of using that method:
Please note that the fees outlined above are only for domestic transactions that do not involve a currency conversion. Visit the PayPal Support website here for more information on the fee structure. Read More
Final ThoughtsThere are multiple ways you can choose how to add money to PayPal. You can transfer money directly from a bank account, via a friend or family member, or you can use the PayPal smartphone app to cash a check or add cash at a retail store. You can also link a credit or debit card which gets used whenever you make payments or send cash. Need a Loan? Get One in 3 Simple StepsIf you are considering applying for a personal loan, just follow these 3 simple steps. Apply Apply online for the loan amount you need. Submit the required documentation and provide your best possible application. Stronger applications get better loan offers. Accept If your application meets the eligibility criteria, the lender will contact you with regard to your application. Provide any additional information if required. Soon you’ll have your loan offer. Some lenders send a promissory note with your loan offer. Sign and return that note if you wish to accept the loan offer. Repay The loan then gets disbursed into your U.S. bank account within a reasonable number of days (some lenders will be as quick as 2-3 business days). Now you need to set up your repayment method. You can choose an autopay method online to help you pay on time every month.
About Stilt Stilt provides loans to international students and working professionals in the U.S. (F-1, OPT, H-1B, O-1, L-1, TN visa holders) at rates lower than any other lender. Stilt is committed to helping immigrants build a better financial future. We take a holistic underwriting approach to determine your interest rates and make sure you get the lowest rate possible. Learn what others are saying about us on Google, Yelp, and Facebook or visit us at https://www.stilt.com. If you have any questions, send us an email at [email protected] Frank GogolI’m a firm believer that information is the key to financial freedom. On the Stilt Blog, I write about the complex topics — like finance, immigration, and technology — to help immigrants make the most of their lives in the U.S. Our content and brand have been featured in Forbes, TechCrunch, VentureBeat, and more. How long does it take to add money 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.
How can I add money to PayPal instantly with a credit card?Instead, the money is taken directly from the linked card.. Open the PayPal App.. Tap the Wallet button.. Tap the + button, next to Banks and cards.. Tap Debit and Credit Cards.. Choose the option to link your card.. How do I instantly transfer money from my bank account to PayPal?To do this:. Make sure you're logged in to your PayPal account.. Under the section on your dashboard that displays your PayPal balance, click 'Add Money'. You can then select to add money from your linked bank account.. Enter your withdrawal amount and click 'Next'. |