How To Add Money to Your PayPal Account
PayPal can draw money from any linked bank account to make purchases or send money to friends and family. You can also use a linked credit card to make purchases, although you’ll pay fees.
But, in some cases, you may want to add money to your PayPal account. Fortunately, this process is easy and can be done with a debit card or through a bank transfer. Keep reading to learn how.
How To Add Money to PayPal Account With a Debit Card
If you are wondering how to add money to PayPal with a debit card, your first step is to log into your PayPal account. Then you can follow these steps:
- Once logged in, click on “Balance.”
- Select the blue button that says “Add Money From Bank or Card.”
- Enter the amount you’d like to add.
- Choose “Debit” and select a card from those stored in your PayPal account or add a new one.
The money will be transferred in seconds with no fees.
How To Add Money to PayPal Account From Your Bank
Alternatively, you can add money to your PayPal account from your bank by choosing that option. It will take three to five business days for the money to leave your bank account and be available for use in your PayPal account.
Good To Know
How do you add money to your PayPal account with a credit card? Unfortunately, you cannot fund your PayPal account using a credit card. This option isn’t available. It is against PayPal’s terms of service to pay yourself on PayPal using a credit card.
If you’d like to use your credit card to make a purchase through PayPal, simply link your credit card to your PayPal account and choose that option. Be aware that PayPal charges a fee of 2.9% plus 30 cents per credit card transaction.
Why Can’t You Transfer Money From Your Bank Account to PayPal?
You may not be able to transfer money from your bank account to PayPal if you don’t have a bank account linked to your PayPal account. If that’s the case, you can easily add a bank account. You’ll need your account number and routing number.
If you don’t have funds in your bank account, you may not be able to transfer money.
Your transfer of funds also won’t work if you’ve reached your weekly transfer limit. You can only transfer up to $5,000 from a debit card per day or per week, and up to $15,000 per calendar month. You can transfer up to $25,000 per transaction from a linked bank account.
How Long Does It Take To Add Money to PayPal?
If you have your accounts already linked to your PayPal account, the process to transfer funds takes seconds. If you’re funding your PayPal account from your debit card, the money will appear almost immediately.
If you are transferring funds from a bank account, it can take three to five business days.
Final Take
There are times you might need to add funds to your PayPal account, like when your account is negative. You might also want to add money to your PayPal account and transfer it to a PayPal savings account. This is an easy way to earn interest on your money. No matter the reason, learning how to add money to PayPal takes just a few seconds. Your transfer can be done with a linked debit card or bank account.
Information is accurate as of April 24, 2023.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
