Paypal Account II
– Funding your PayPal account
If you are not receiving funds into your PayPal wallet and you still need to use it to make a purchase, you will have to fund it.
3 ways to fund your PayPal account:
* Transfer from friends
Send the equivalent of how much you want to be sent to your PayPal account to your friend who also have a PayPal account for them to send you the funds when you give them your PayPal email.
This process is however risky because people will like to take advantage of the situation. Once they get hold of your money, that’s the end.
* Fund from Debit Card
This is the safest means to fund your PayPal account.
> Get a debit card (visa card) from your bank
> Add the card to your PayPal account by providing card details
From here, PayPal as a third party uses funds from your card to service your transactions. Ensure there is enough funds on your card, when making transactions.
* Buy from Online Exchanges
There are online exchanges who offer buying and selling of funds to various PayPal accounts at varying rates. Some background checks are required cos not all of them are genuine.
The debit card therefore remains the safest and best way to fund your PayPal account.
– How to withdraw from your PayPal account
You need any of the following cards to withdraw your PayPal funds
UBA AfriCard, FAB Prepaid card, Access Bank Prepaid Card.
* Link the cards to your PayPal account
* Visit the PayPal Dashboard by signing in at https://www.paypal.com/ls
* Click on “Withdraw Funds”
* On the next screen, click on “From” and choose your Paypal Balance
* Then next, click on “To” and choose your linked Visa Card.
* Enter the amount and click on “Continue”.
* On the next screen, you will see a review of the transaction you are about to undertake. Click on “Transfer” to have the money sent instantly to your card.
Although 5-7 business days have been stated, the transfer is mostly instant and you can check your balance at any ATM.
However, you will not receive any alert when you transfer from PayPal to your AfriCard.
Anytime you withdraw from PayPal, you are charged $5. It’s best therefore to keep your money there until it is substantial. The account is safe and you will not loose your money if you follow the relevant steps above.
Don’t withdraw immediately money hits the account, wait for the next day before withdrawal to your UBA Africard. This makes the account more legitimate.
How to withdraw money from PayPal to my mobile wallet
To withdraw funds from PayPal to your mobile money account, add your UBA Africard to ExpressPay and send funds directly.
Read More: How to link Bank cards to PayPal Account ?
