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Transfer Money to Myself?

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Contributor

Transfer Money to Myself?

Is there a way I can transfer PayPal Credit money to my checking account?

1 ACCEPTED SOLUTION

Accepted Solutions
Moderator

Re: Transfer Money to Myself?

Hello @Salez, that's a great question! Thank you for reaching out through our community forum. Thank you @Centaurette for weighing in on this conversation. Just to alleviate any confusion on this process, PayPal Credit is not permitted to be used to send yourself money. However, PayPal Credit is still a great way to send money as Friends and Family (with a fee) and to make a purchase where PayPal Credit is accepted (almost anywhere in the US and UK), but sending yourself money through PayPal Credit would be considered a cash advance and is not allowed per our user agreement .

 

Thank you everyone again for participating in our Community Forum and have a wonderful day!

 

-Jon

 


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22 REPLIES 22
Contributor

Re: Transfer Money to Myself?

Smiley Surprised I've been trying to find out the answer to that myself.  Please let me know when they answer you and if it is helpful.

 

Confused with You,

 

Tootsie

PayPal Employee

Re: Transfer Money to Myself?

Hi Salez -

 

Thank you for reaching out to us here in the community.

 

Regrettably, you wouldn't be able to transfer funds from your PayPal Credit account to yourself. At this time, you may send funds to another recipient’s email address. The transaction will appear on your monthly PayPal Credit statement. When you use PayPal Credit to send money, a flat fee of 2.9% + $.30 US dollars (USD) per transaction is included in your payment total. This is the same fee you pay when you use a debit or credit card to send money through PayPal. 

 

To complete the send funds, it would need to be completed using a computer, this option is not available on mobile devices.

 

I do hope this helps.

 

-Susie

New Community Member

Re: Transfer Money to Myself?

Ok and can the recipient put it in their checking account right away or does it take days? Also, can we use Paypal credit cash advance option to pay bills online?
New Community Member

Re: Transfer Money to Myself?

 
New Community Member

Re: Transfer Money to Myself?

I know this is an older thread but how come when I try to use paypal credit to send to anyone, it says the recipient doesn't accept this form of payment? I've tried it with 6 different receivers. Please help. I'm afraid to use it on ebay because if I win an auction, the same thing might happen. So far paypal credit is worthless. Please help. I'd like to transfer money to someone.
New Community Member

Re: Transfer Money to Myself?

I've been having the same issue. I can't use paypal credit as a form of payment. After I try I get a prompt that reads; "Seller isn't eligible to accept PayPal Credit", "You're buying an item sold in a currency that is not supported", and "You have a PayPal Smart Connect or PayPal Extras MasterCard linked to your PayPal account." Oddly, the seller does accept PayPal Credit, is within the US, and I don't have any additional services connected to my PayPal account other than PayPal credit.

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Frequent Contributor

Re: Transfer Money to Myself?


@YungEsco wrote:

I've been having the same issue. I can't use paypal credit as a form of payment. After I try I get a prompt that reads; "Seller isn't eligible to accept PayPal Credit", "You're buying an item sold in a currency that is not supported", and "You have a PayPal Smart Connect or PayPal Extras MasterCard linked to your PayPal account." Oddly, the seller does accept PayPal Credit, is within the US, and I don't have any additional services connected to my PayPal account other than PayPal credit.


could it be your Paypal credit has been suspended?

Re: Transfer Money to Myself?

When the recipient recieves the funds from my paypal credit, is that person able to then transfer that money to their checking or savings account?

Frequent Advisor

Re: Transfer Money to Myself?

Yes.

Be careful, however, if the goal is to get the money back to yourself.

You will also pay a fee and if you don't pa when due you will have added interest.