PayPal is an excellent means to make transactions across domestic and international borders. Its seamless services when it comes to facilitating business transactions has won it fans worldwide, for both personal and professional use. Not only can you exchange money with your peers on PayPal, but you can also subscribe to various paid web services and pay the subscription fee right from your PayPal account. Moreover, it is also an excellent app to shop from myriad of stores.
While you can link your PayPal account to your bank account and conduct monetary transactions, you can also add money to your PayPal account or the wallet and open up a wide set of opportunities. Moreover, this task would not cost you a penny. So, without further ado, let’s take a look at how you can add money to your PayPal account.
3 Ways to Add Money to your PayPal Account
From Bank Account:
The foremost thing you have to consider while adding money to your PayPal account is; choose the source from where you want to add the money. The most used source is a bank account. If you have linked you bank account with your PayPal account, which is highly essential, you can easily transfer the money to the PayPal wallet.
If you haven’t linked your bank account, follow these steps; locate the My Wallet on your phone or the desktop website, whichever you are using. Click on the “link bank account” tab and you will be asked to add an IBAN code. You might have been informed about this code when you opened the account. However, if you are unaware of your IBAN code, you can contact your bank and ask for it. Once the IBAN code has been entered, you can proceed further by clicking on “Agree and Link”.
After the confirmation from your bank, your bank account will be linked to your PayPal. Now, that you everything is in place, you can begin transferring money from your bank. To do this,locate the “Transfer money” tab and click. Click on the “add money to your balance” and select the bank account that you want to transfer the money from. Subsequently, enter the amount that you want to be transferred and press “Add”. The amount that you entered will be transferred to your PayPal in 3-5 business days.
From Debit/Credit Card:
At the inception of your journey with PayPal, you will be asked to link two things, one is your bank account and the other is your debit or credit card. If you have linked any cards, you can use its money to make transactions. There is no protocol for transferring money from the card to PayPal wallet as such, like in case of Bank accounts. However, any time you want to make a purchase through PayPal, the amount of purchase will be automatically deducted from your debit/credit card.
For security reasons, it is advisable that you link your credit card to avoid the possibility of any fraudulent activities. With a credit card, you can always hold somebody accountable in case you encounter any unethical practices from any party. This method is also safer than using your bank account to transfer the money. Therefore, if its either this or that, always choose paying from your credit card.
Add cash at a Store
You can also add money to your PayPal account without having to link a bank account or even your debit/credits cards by adding actual cash. This can be done right from your phone. To do this, launch the app on your Android phone or iPhone, whichever you use. Locate the tab that says “more” at the bottom right-corner of your screen.
Scroll down to the “add cash at a store” and click.This can only be done with the retail partners of PayPal and thus, this service is only available in a handful of countries. Some of the retail partners wherein this service can work are GameStop, Walmart, CVS7-Eleven, etc. This is the safest method of adding cash to your account.
PayPal will always have your back in making secure transactions without putting anything at stake, if you are doing everything right. While the possibility of being on the receiving end of fraudulence is an inevitable risk you take while conducting business transactions, PayPal ensures that it does everything to ease your worries and keep your funds protected. Using these methods, fore-mostly using the credit card to add money to your PayPal account,you can always make secure payments quite easily.