Wondering How To Send Money From Paypal To Cash App? You’re not alone. While both PayPal and Cash App are popular platforms for managing and sending money, unfortunately, there isn’t a direct way to transfer funds between them. Currently, a direct PayPal to Cash App transfer isn’t an available feature.
However, there’s a straightforward workaround. You can easily bridge this gap by using your bank account as an intermediary. This article will guide you through the simple steps to transfer your funds from PayPal to Cash App using your linked bank account. Let’s dive in and explore how you can move your money from PayPal over to Cash App.
Step 1: Transfer Money from PayPal to Your Bank Account
First, you’ll need to withdraw your funds from PayPal to your linked bank account. This is a simple process that can be completed in a few minutes. Here’s how:
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Log in to your PayPal Account: Go to the PayPal website or open the PayPal app and log in to your account. Once logged in, you will typically land on the “Summary” page.
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Navigate to “Transfer Money”: On your PayPal “Summary” page, locate and click on the “Transfer Money” option. This button is usually prominently displayed to allow for easy access to fund transfers.
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Choose “Withdraw to Bank Account”: From the transfer options, select “Withdraw from PayPal to your bank account”. This option specifies that you want to move funds from your PayPal balance to your bank.
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Enter the Transfer Amount: Specify the amount of money you wish to transfer from your PayPal account to your bank account. Ensure you have sufficient balance in your PayPal account to cover the transfer amount.
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Review and Confirm: Double-check the transaction details, ensuring the correct bank account is selected and the amount is accurate. Once you’ve reviewed, click “Transfer Now” to initiate the withdrawal.
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Confirmation: After confirming, you’ll be taken to the “Wallet” section, and a “Done” confirmation will appear, indicating that your withdrawal request has been successfully processed.
After completing these steps, the money is on its way to your bank account. Keep in mind that it may take a short period, typically 1-3 business days, for the funds to appear in your bank account, depending on your bank’s processing times.
Step 2: Transfer Money from Your Bank Account to Cash App
Once the funds are in your bank account, you can then easily transfer them to your Cash App account. Here’s how to add cash to your Cash App balance from your bank:
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Open Cash App: Launch the Cash App application on your smartphone.
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Go to the “Banking” Tab: On the Cash App home screen, locate and tap the “Banking” tab, often represented by a bank icon at the bottom left of the screen.
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Select “Add Cash”: Within the “Banking” tab, you’ll find the “Add Cash” option. Tap on this to initiate adding funds to your Cash App balance.
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Enter the Amount: Enter the amount of money you want to transfer from your bank account to Cash App. Make sure this amount is available in your linked bank account.
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Confirm “Add”: After entering the amount, tap the “Add” button.
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Authorize the Transfer: Confirm the transaction using your Cash App PIN, Touch ID, or Face ID, depending on your security settings. This step finalizes the transfer of funds from your bank to your Cash App balance.
And that’s all there is to it! While not a direct transfer, this two-step process provides a simple way to move your money from PayPal to Cash App.
Considering Wise for Easier Transfers and International Transactions
If you frequently transfer money between different platforms, especially internationally, you might want to consider using Wise (formerly TransferWise). Wise offers a multi-currency account that can simplify transfers and potentially save you money on conversion fees, especially if you deal with different currencies.
Linking your PayPal to Wise can be a beneficial alternative, especially if you encounter currency conversion fees when transferring directly to your bank. Wise allows you to hold balances in multiple currencies, potentially aligning with your PayPal currency and avoiding extra conversion costs.
For those interested in a potentially more streamlined process, particularly for international transfers or managing multiple currencies, exploring Wise as an intermediary between PayPal and your bank account could be a worthwhile option.
In Conclusion
While there’s no direct method to send money from PayPal to Cash App, transferring funds via your linked bank account provides a practical solution. By following these straightforward steps, you can easily move your money from PayPal to Cash App to manage and use as needed. For users seeking optimized solutions for frequent transfers or international transactions, platforms like Wise offer compelling alternatives to consider.
Sources:
All sources checked 29 June 2021
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