PayPal is one of the payment methods commonly preferred by many companies and also personals. Therefore, a lot of people start searching for information related to how to send money from the bank account to PayPal. Mainly for those with no PayPal account and who need to make a payment with this method.
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These steps are needed so that they will not make any mistake in sending money and performing the transaction. For a clearer explanation, the following paragraphs are some overviews on the steps to send money to PayPal account from a bank account.
Create PayPal Account
It is a clear thing that there is no better way to make a payment to PayPal account except by creating your personal PayPal account first. Therefore, the first thing you need to do is make the account so that you can process a money transfer from a bank account to PayPal.
Creating a PayPal account is quite easy. The first thing to do is to make a sign-up to PayPal and follow the entire instruction to perform this sign-up. Usually, you will request to input an email address and a PayPal password. Therefore, you need to prepare this information so that you can get your PayPal account directly.
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Once you put sufficient data to create a PayPal account, then you will need to wait for the verification. So that it can help to activate your PayPal account and be ready to perform any transaction. With this active PayPal account, you will be able to perform a money transfer from your bank account. On the other way, the PayPal account also allows you to transfer back the money to your bank account whenever necessary. The following are some detailed briefs related to how to send money from a bank account to PayPal.
Money Transfer Process
Once your PayPal account is ready to use, then you can continue with the process of money transfer. For your information, to perform a money transaction in PayPal, you need to put some amount of money deposit to your PayPal. This process can be done through a money transfer from a bank account. Therefore, once your PayPal is activated, you have to perform this transfer or money.
To perform this activity, there are several steps to follow. You have to go to your main page in PayPal and then scroll down until you find your PayPal balance. Below this word, you will find two buttons, add money and withdraw money. If you plan to put some balance to the PayPal account, then you have to click add money button.
After that, you will direct into a window pop out. This pop-out will ask for information related to the number of your bank account. So that it will help to verify the money transfer from your bank account. What you need to do is to fill in the number of your bank account in the first column. Then continue with the amount of money to transfer in the next column. If you finish filling these two columns, then the last thing to do is to push the add button.
It is necessary to understand that money transfer from a bank account to PayPal can take several days. Usually, some verification process will be needed from the bank and from PayPal too. Therefore, you need to wait around three to five days until your money is sent into your PayPal balance. If the transaction is a success, your PayPal balance will automatically fill with some amount of money as transferred. Otherwise, if this process fails, usually a notification will be sent through email or from your bank customer service.
Making Payment Through PayPal Account
When you successfully manage to send money from your bank account to your PayPal account, then you can start to use PayPal for various needs. You can perform any payment to another PayPal account or transfer money easily to another PayPal account.
Nowadays many transactions deal with PayPal payment, such as online shopping or certain transactions. Therefore, it is necessary to have this PayPal account to help an easier payment process to other people or to other companies.
One of the main advantages of making a transaction with PayPal is that this money transfer will charge with no fee. Therefore, no need to worry about an additional fee every time you transfer money from your bank account to your PayPal balance.
Furthermore, if you manage to send money to another PayPal account, you also wouldn’t get any charge of fee too. That is why many people or companies around the world prefer this payment method rather than other money transfer approaches which can lead to a high charge.
Download Transfez App
Transfez App can help you transfer money abroad more quickly and efficiently. Transfez Business can also help your business in making transactions abroad. For those of you who want to send money to relatives who are abroad because they are studying, working, or traveling, Transfez will be ready to help. This app is available on Android as well as iOS.
Those all some descriptions of how to send money from a bank account to PayPal. With this information, you wouldn’t need to worry if you have to buy anything or perform a transaction and make a payment to your PayPal account. You can easily follow the above steps so that your payment can be successful. Successful payment means that you can get your successful transaction.