4 ways to send money with PayPal

Since its inception in 1998, PayPal has been quite a favorite service provider for transferring money across countries. With its user-friendly platform, it has gained millions of customers all over the world. In just a few clicks you can send or receive money through PayPal. All you need is a PayPal account and the email or phone number of the person you wish to send money to. PayPal has multiple options for sending money. You can choose from any of the options suiting your need. In this article, we will explore 4 different ways through which you can send money with PayPal.

Once started as a personal platform for sending money, PayPal is now used significantly as a business platform as well. Now you can not only send or receive money to your family but also make payments to your customers or receive payments for your goods or services. With few easy steps, you can set up your account and get started.

4 ways to send money with PayPal

1. Send money through your PayPal Balance

The PayPal balance available in your account gets utilized first to fund your transfer whenever you initiate it. In case the balance is not sufficient, you can use other options like credit or debit card to fund the remaining amount. The PayPal balance increases whenever you accept any PayPal payment sent to you. You can also increase it by adding money through a bank account.

Add money to your PayPal balance from a bank account

You are required to link your bank account to your PayPal account so you can add money to your PayPal balance. Once the details of your bank accounts are submitted and verified you can use this bank account to making payments as well as for adding money to the PayPal balance. This balance can be used to fund the transfer as well as to pay for any other purchases. But the best part is that even if you don’t have any money or PayPal balance you can still pay for your purchases with its other payment options.

Transfer money to your bank account

You can also transfer the payment you receive in your PayPal account to your own bank account. You just have to click on “Withdraw Money” option under “Payment method” tab and the money will be transferred to your linked bank account. In case you have linked multiple bank accounts you can select the preferred one in which the money will be sent. Usually, it takes 3-5 business days to complete the transfer.

2. Send money using your credit or debit card

If you have just set up your account and have no PayPal balance, even then you can send money using your PayPal account. In this case, you need to link your debit or credit card with your account. You can link up to 8 debit or credit cards.

Link your debit or credit card with your account

You can link your credit or debit card through “Payment method” tab available on the home screen. You will be needed to verify your card before you make any transaction. Two small transactions of few cents will be made through your card for verification. The details of these transactions can be found through online banking. You will have to fill in these transaction details in the PayPal verification form. After the verification is done you are free to use your credit or debit cards for any transaction through your PayPal account. The information once entered is saved and for future payments, you just have to check and review the payment options. The linked cards can only be used to make payment and they can’t be used to add PayPal balance to your account.

Link your debit or credit card with your account

3. Send money from your bank account

The available balance in your bank account can also be used to fund your money transfer through PayPal. It is similar to sending money through your credit or debit card. In place of payment option, you have to select your bank account. It is mandatory that your bank account is linked and you have accepted the direct debit agreement to process the transaction. The money is deducted directly from your bank account.

4. Send money through PayPal credit

Another way of funding your transfer is through PayPal credit. The PayPal credit account and PayPal account are linked. So when you use your PayPal credit to pay for your transfer it reflects in your PayPal credit account which you can settle later. You can also send money to yourself from PayPal credit, but you may have to pay interest on the amount if it becomes applicable.

PayPal Credit

PayPal Credit is a digital alternative to pay for your purchases through your PayPal account even when you don’t have money. The payment for these purchases can be done later. Your PayPal Credit account gives you the flexibility to pay within 6 months for all your purchases costing $99 or more and there will be no interest levied. You can use your PayPal Credit for payments wherever PayPal is accepted such as eBay and other online shopping websites.

You need to fill an online application form on the PayPal Credit website to apply for your account. Once your account is approved you can start making purchases with it. Even though the applications are approved within minutes they are subject to credit approval.

PayPal Fees

The transfer fee of PayPal is fairly reasonable. It would cost nothing for a U.S based PayPal account holder to transfer money to another U.S based PayPal account if the payment is made through PayPal balance or bank account. A fee of 2.9% of the transferred amount is to be paid in case a credit or debit card or PayPal credit is used for payment along with a fixed fee. This fixed fee will depend on the currency of the transaction.

A reasonable fee of $2.99 is charged for sending money to Canada and European countries and $4.99 for other countries when the payment is funded through PayPal balance or bank account. An additional fee of 2.9% of transferred amount is charged when a credit or debit card or PayPal credit is used for payment along with a fixed fee depending on the currency of the transaction.


Over the time with the increased demand for online payment systems has now become a necessity for everyone. PayPal offers many convenient payment options wherever you send money to somebody, pay for good or services. It’s great for online purchases as you personal information, including card numbers, is never disclosed. It’s free to pay with PayPal, however the fee for sending money can be relatively high for non US resident.