How to Withdraw Money from PayPal Without a Bank Account

Introduction

PayPal is one of the world’s largest online payment gateways, used by millions of individuals and businesses worldwide to send and receive money. However, many PayPal users face the common problem of withdrawing their funds without having a bank account linked to their PayPal account. In this article, we will explore different methods for withdrawing money from PayPal without using a bank account.

Using a PayPal Cash Plus Account

A PayPal Cash Plus account is an excellent option for users who want to withdraw funds without a linked bank account since it allows them to deposit and withdraw cash. To open a Cash Plus account, follow the following steps:

1. Log in to your PayPal account and click on the settings icon.
2. Select “Get PayPal Cash Plus account.”
3. Follow the prompts provided to complete the account setup process.

To withdraw money from a Cash Plus account:

1. Go to the “Withdraw Funds” section of your account and select “Withdraw Funds to Bank Account.”
2. Enter the amount you wish to withdraw and select “Continue.”
3. Select the option to withdraw to your linked Cash Plus account.
4. Click on “Submit” to initiate the withdrawal process.

Electronic Transfer

An electronic transfer is a way of sending and receiving money through electronic means. To withdraw funds from PayPal using electronic transfer, follow these steps:

1. Log in to your PayPal account and select the “Transfer Money” option on the dashboard.
2. Select the “Transfer to your bank” option.
3. Enter the amount you want to withdraw and select “Continue.”
4. Select “Add a new bank account” if you have not already done so.
5. Enter the bank routing number and account number you wish to transfer the funds to.
6. Select “Continue” and review the transfer details to ensure accuracy.
7. Click on “Transfer” to initiate the transaction.

Pros of using electronic transfers for withdrawing funds include convenience and speed. However, some cons include transaction fees and possible delays in transfer times.

Prepaid Card

Prepaid cards are an excellent option for PayPal users who do not have or wish to use a bank account to withdraw funds. Some common prepaid cards accepted by PayPal include NetSpend, GreenDot, and American Express Serve. To use a prepaid card for withdrawing funds, follow these steps:

1. Log in to your PayPal account and go to the “Wallet” section
2. Select “Link a Debit or Credit Card.”
3. Enter the prepaid card details including card number, expiration date, and CVV.
4. Select “Link Card.”
5. Go to “Withdraw Funds” on your account and choose the prepaid card option.
6. Enter the amount you want to withdraw and click on “Confirm.”

PayPal Prepaid MasterCard

A PayPal Prepaid MasterCard is a viable option for users who want to withdraw PayPal funds using a physical card. To apply for a PayPal Prepaid MasterCard, follow these steps:

1. Log in to your PayPal account and select the “PayPal Prepaid” menu option.
2. Follow the prompts provided to set up your prepaid card account.
3. Wait for your physical card to arrive in the mail.

To withdraw PayPal funds using a PayPal Prepaid MasterCard:

1. Select the “Transfer Funds” option on your PayPal account dashboard.
2. Select the PayPal Prepaid MasterCard as the transfer method.
3. Enter the amount you want to transfer and click on “Continue”.
4. Review the information and click on “Submit” to initiate the transfer.

PayPal Check Deposit

PayPal Check Deposit is a service that allows users to deposit physical checks into their PayPal account balance. To take advantage of this service, follow these steps:

1. Log in to your PayPal account and select the “Transfer Funds” option on the dashboard.
2. Select “Add Money from Checks.”
3. Follow the prompts to capture an image of the check by taking a photo with your camera, verifying the check amount, and submitting the check deposit.
4. Once the deposit has been confirmed, go to the “Withdraw Funds” option and choose the “Withdraw to Bank Account” option.
5. Select the bank account you wish to withdraw the funds to and click on “Submit.”

PayPal Cash Card

The PayPal Cash Card is a new option that allows users to withdraw PayPal funds using a physical card at ATMs, stores, and online. To apply for a PayPal Cash Card, follow these steps:

1. Log in to your PayPal account and go to the “PayPal Cash Card” page within your account.
2. Click on “Get Started” and enter the required personal information.
3. Wait for your physical card to arrive in the mail

To withdraw funds using a PayPal Cash Card:

1. Go to an ATM or online account that accepts MasterCard.
2. Enter your PIN or select “Credit” to complete the transaction.
3. Once the withdrawal has been processed, your funds will be available on your Cash Card balance.

Conclusion

Withdrawing PayPal funds without a linked bank account is possible using methods such as Cash Plus account, electronic transfer, prepaid card, PayPal Prepaid MasterCard, PayPal Check Deposit, and PayPal Cash Card. Based on individual circumstances, one method may be more appropriate than the others. It is always recommended to review the transaction details for accuracy and possible fees before initiating a transfer or withdrawal.