How to Transfer Money from Netspend and PayPal [e-Guide]
If you have a Netspend card, you want it linked to your PayPal. Now, considering that PayPal itself is mostly a virtual mobile money app and not entirely like your traditional bank, it is possible to transfer money from Netspend and PayPal. However, there are a few things to note. Netspend is a prepaid debit card that lets you buy stuff and withdraw money at ATMs. But money transfer between Netspend and PayPal is not as straightforward.
That gives a purpose to this article, which we have designed to guide you through transferring funds from your Netspend to your Paypal account.
Can I transfer money from my Netspend card to my PayPal account?
Yes, Netspend accounts work with PayPal, so you can continue with your transfer. You just have to link your PayPal account to a Netspend account, and vice versa.
PayPal also allows you to add money to your PayPal prepaid cards at Netspend Reload Network locations nationwide.
How to transfer money from Netspend and PayPal
Even though Netspend and PayPal are two different financial services, there are ways to transfer money between them. Below are the steps to transfer money from Netspend and PayPal:
1. Link Netspend card to your PayPal account
Linking your Netspend card to your PayPal account is the first step in transferring money from Netspend to PayPal.
- Log in to your PayPal account and click “Link a Card or Bank”.
- Choose “Link a Debit or Credit Card” and enter your Netspend card’s information.
2. Verify your account
After you have added your Netspend card to your PayPal account, you need to verify it as well. PayPal will verify your account by sending two test deposits of money into your Netspend account. Also, you will need to check your Netspend account for these payments and then put the amounts into your PayPal account to confirm the card.
3. Deposit cash into your PayPal account
Next, add money to your PayPal account after your Netspend card has been linked and confirmed.
- Log in to your PayPal account and click “Add Money”.
- Choose “Add money from a U.S. bank account” and enter the amount you want to send.
When adding money to your PayPal account, you’ll need to choose the Netspend card you added in Step 1 as your funding source.
4. Add your Netspend account
Consequently, add your Netspend account and transfer numbers, which you can find on your Netspend account.
Once you’ve entered all the necessary information, click “Add” and the money will be transferred from your Netspend account to your PayPal account.
5. Transfer money from your PayPal account to your bank account
If you want to Transfer money from your PayPal account to your bank account, hit “Withdraw” and then “Transfer to Bank Account.” Enter your bank account details, including your account number and routing number.
After entering the required information, choose the amount you want to send and click “Continue.” The money will be transferred from your PayPal account to your bank account.
One alternative option is PayPal Prepaid Mastercard. You can also get a PayPal Prepaid Mastercard if you don’t want to link your Netspend card to your PayPal account. This is a prepaid bank card tied to your PayPal account. You can use it to buy things and get cash from ATMs.
Simply log in to your PayPal account and click “Get the Card” under “PayPal Prepaid Mastercard” to get a PayPal Prepaid Mastercard. Follow the steps to apply for the card, and once you get it, enable it and link it to your PayPal account.
Once your PayPal Prepaid Mastercard is linked to your PayPal account, you can transfer money from your Netspend card to your PayPal Prepaid Mastercard. To do this, log in to your Netspend account and click “Transfers.” From there, choose “Send Money to Another Card” and put in your PayPal Prepaid Mastercard information.
After entering the required information, choose the amount you want to transfer and complete it. Within a few minutes, the money should be on your PayPal Prepaid Mastercard. You can then use it to buy things or get cash from ATMs.
How long does it take to transfer money from Netspend to PayPal?
The amount of time it takes to move money from Netspend to PayPal depends on several factors. In general, the transfer can take up to 3-5 business days to be completed.
The type of transfer you choose is the first factor that affects the transfer time. If you choose instant transfer, the money will be in your PayPal account within a few minutes. Instant payments, on the other hand, cost money and aren’t available on all Netspend cards. If you choose a standard transfer, the money may not show up in your PayPal account for up to three work days.
In some situations, the payment may be completed almost right away, giving you access to the money in your PayPal account in just a few minutes. But if there are problems with the transfer or if more information needs to be checked, it could take longer for the money to be released.
Also, if you start the transfer outside of regular business hours or on a weekend or holiday, it may not be handled until the next business day, which could add more time to the whole process.
What are the fees attached to transferring money from Netspend to PayPal?
The fees attached to transferring money from Netspend to PayPal vary on many factors, such as the amount of money being transferred and the fees that both companies charge.
For each transaction, Netspend charges a fee, which can change based on the type of transaction and the amount of money being transferred. For example, you may have to pay a fee of up to $4.95 to move money from your Netspend card to your PayPal account. This amount is taken out of your Netspend card’s balance before the transfer is made.
PayPal also charges a fee for receiving funds. This fee can be anywhere from 2.9% + $0.30 to 5% + $0.99, based on the type of transaction and the country where the transaction is taking place. For example, PayPal can charge you a fee of $2.90 to $5.99 if you move $100 from your Netspend card to your PayPal account.
These fees can change and may be different based on how your Netspend and PayPal accounts are set up. Before completing any transaction, it’s always a good idea to check the fees involved to avoid any surprises.
Conclusion
So, that’s it—super possible to transfer money from Netspend and PayPal conveniently. While making the transfer, make sure you have enough money in your Netspend card to cover any fees and the selected funds. After initiating the transfer, the money will be taken from your Netspend card and put into your PayPal account.
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