How to Transfer Money from Virtual Card to Bank Account Using PayPal
Transferring money from a virtual card to a bank account is tricky. You will first need to create a verified PayPal account and add your virtual card to your PayPal account. The next steps will involve linking your PayPal account to your bank account and finally, withdraw the funds from your PayPal account to your bank account.
Step 1: Create a Verified PayPal Account :
A PayPal account is crucial for this transfer process. The first thing you will want to do is to open a PayPal account. If you already have a PayPal account, you can skip this step.
Step 2: Add Your Virtual Card to PayPal :
After creating your PayPal account, the next thing to do is to add your virtual card to PayPal. Some virtual cards, however, are not supported by PayPal. Nevertheless, PayPal should accept your card if you use a reputable virtual card provider.
Step 3: Transfer Money From Your Virtual Card to PayPal :
Virtual cards are more like Prepaid cards in fact, they are prepaid cards. A virtual card issued by Netspend which is a well-known virtual card prepaid card provider in the US can be added to PayPal. If you're virtual card is issued from a reputable provider, you might be able to add the card to PayPal. Once, your card added to PayPal, transferring money from the card to PayPal and using it at the checkout for payments will be very well possible with just a few clicks. It will be even be easier of your virtual card is a prepaid gift card. You can use the virtual card to add money to your PayPal balance
Step 4: Link Your Bank Account to PayPal :
To be able to transfer funds from your PayPal account to your bank account, you will first need to link your bank account to PayPal. To link your bank account to PayPal , you will need your account and routing number. Here are the best virtual banks for PayPal. Here's how to link your bank account to PayPal.
1. Login to your PayPal account.
2. Click "Wallet" at the top of the page.
3. Click "Link a bank account".
4. Select your bank, or click "Don't see your bank?" at the bottom.
5. Depending on the bank you select, you may have the option to link your bank instantly using your online banking login information. If the instant option isn't available, just enter your bank account details manually and click Agree and Link. You can also link your bank account to your PayPal account manually by following the steps outlined below. Click Wallet at the top of the page. Click the bank you want to confirm. Click Link your bank another way and enter account information. Enter the exact amounts of the 2 deposits made to your account. For example, if you receive two deposits of $.05 and $.15, enter .05 and .15 on the screen. Click Submit.
Step 5: Transfer Money from PayPal balance to Bank Account :
1. Instant Transfer of Funds from PayPal balance to Bank Account This type of transfer takes a few minutes and is subject to a fee as is as follows. 1. Tap "Transfer Money" below your PayPal balance. 2. Tap "Transfer to your bank". 3. Select your debit card or bank account under the "Instant" section, and click "Next". 4. Enter the amount you are transferring. 5. Review the details of your transfer, then click Transfer $XX Now. 6. Click Done to complete the transfer.
2. Standard Transfer of Funds from PayPal balance to Bank Account This type of transfer is free and takes 1-3 business days and is as follows.
Tap "Transfer Money" below your PayPal balance.
Select your bank account under the "Standard" section, and click "Next".
. Fill in the amount you are transferring.
Review the details of your transfer, then click Transfer (amount) Now.
Click Done to complete the transfer.
