Do I need to completely set up my account o transfer funds from paypal?

[angelynebonani]

I created a new personal paypal account and set up everything already except linking a card (coz paypal declined it) and downloading the application. Can I still transfer funds from paypal? Do I need to wait for 21 days (just like the business account) to withdraw my funds?

[sharpiemarker]

@angelynebonani 

You don’t need to wait 21 days to withdraw as long as the funds are released into your “available” balance.

You can withdraw to bank account, GCash or Maya.

When linking a bank account, the account number is not the debit card number but the bank account number.

Bank withdrawal fees:

No Fee (when no currency conversion is involved) where withdrawal amount is greater than 7000.00 PHP

50.00 PHP - If withdrawal amount is less than 7000.00 PHP

Card withdrawal fees:

1% of amount transferred

• Minimum and maximum fees apply based on the card withdrawal currency, in the table below

If there’s a hold, there are two methods to release money sooner depending on what you see on your screen:

Method 1:

Recipient has to change the order status or add tracking: 

1. Go to Activity. 
2. Find the transaction to update, then click Get your money. 
3. *If you sold a product, select Product to add tracking information or print shipping label directly. 
4. **If you received payment that do not require shipping, selling an intangible item or service, select Service or virtual product to confirm order status.
5. Click Submit. 

*Use one of the approved shipping carriers and PayPal release the hold 24 hours after the courier confirms delivery to the buyer’s address.

**Recipient will get their money 7 days after confirming the order status as Completed.

Method 2:

If there are no issues with the transactions such as disputes, claims or chargebacks, the funds should typically be released within 21 days from the date of payment.

In some markets, the transaction can be marked as "shipped" or "processed" to gain earlier access to the funds.

Here's how to mark your item as “shipped” or “Processed” in the Transaction details:

1. Log in to your PayPal account.
2. Go to Activity page,
3. Click the transaction to update.
4. Click “Add tracking info” button.
5. Click the Order Status menu and select “Order Processed” if physical shipping is not required, otherwise select “Shipped” and provide tracking number if available.

Then, after 48 hrs from payment date, ask Sender to ‘confirm receipt’, here’s how:

1. Click Activity at the top of the page.
2. Find and click the original payment for the item.
3. Click Confirm receipt.
4. Click Yes to confirm that you received the order.

Note: Not all transactions will have the ‘confirm receipt’ option nor is required to confirm receipt.