Paypal is one of the most widely used online payment services today. In particular, it enables financial transactions to be carried out anywhere in the world using only an email address and password. It is in part this practicality that makes it successful. However, one of the questions you can ask yourself about paypal is what to do to withdraw your money without a bank account. We will provide you with some answers in this article.
How is the paypal money withdrawn?
Normally, Paypal allows its users to withdraw money from their account. To do this, you must log into your paypal account in order to access your electronic wallet. Then you have to click on the Withdraw money option.
Then you will choose the account you want to send money from before selecting a bank account linked to the account. The operation will continue by confirming the amount to be withdrawn and clicking on continue.
To complete the transaction, all you need to do is verify the bank details and the amount of the transaction before finally confirming the transfer.
Alternatively, you can use the paypal mobile app to directly access your account and withdraw money. Either way, the money will be available in the selected bank account after a few hours.
The bank account, a must to withdraw money from paypal
As you can see above, the bank account is essential to withdraw money from paypal. In fact, whether through the paypal application or directly on the platform dedicated to this online payment service, you absolutely must have a bank account to withdraw money from paypal.
So, you should know that it is currently not possible to directly withdraw money from paypal without a bank account. However, there are alternative solutions that can allow you to use the money available in your paypal account without a bank account.
What alternatives to withdraw money from paypal without a bank account?
To withdraw money from paypal without a bank account, you will need to go through an alternative solution. There are several. The most common is that which involves linking a debit card or a prepaid card to your paypal account. Said card will thus be used to use your money wherever you wish.
If you do not use a debit card or a prepaid card, you can use a third party with a paypal account and a bank account to perform your transaction. All you have to do is send money to the latter, who will withdraw it through his bank account and can give it to you.
The last alternative we offer you for withdrawing money from paypal is to shop online. You can indeed choose to buy certain items on the internet from your paypal account. Once these items are in your possession, you can resell them and thereby recover the money that was originally in your paypal account.
Without a bank account, these various tips are the only options you currently have for withdrawing money from paypal.