PayPal enables automatic transfer of money from a bank account into your PayPal account. This enables you to pay using the service even if the payment amount is greater than your current balance. Though an active transfer can't be reversed, you can send the money to your bank account, free of charge. You can also take steps to ensure that money is not withdrawn automatically in the future.
If you hold a PayPal balance in sterling, and want to send it to a bank account held in a different currency, a better option might be to withdraw your funds in pounds to a TransferWise account, and convert the money at the real exchange rate, with a small transparent fee. This means no mark-up.
Luckily the transfer from paypal is very fast, for me its usually showing in my bank account within minutes. On the website it says to allow up to 2 hours. Hopefully the transfer from the william hill account will be as quick, so will be in the bank account before the direct debit is paid.
You can, however, use your PayPal balance to pay a credit card indirectly by transferring your PayPal balance into your bank account so that it will be available for a credit card payment. It’s best to do this 5 days before your credit card payment is due because PayPal can take a couple of days to transfer money into your account. It’s frequently a two-day transfer, but PayPal CAN take as.
Tap on Manage Balance, Transfer Money or Transfer to Bank. These are all options for different devices. Select the amount of money you want to send, and the method of sending (normal or instant). Confirm that you want to transfer the money. Make sure to double-check the bank account info. Now that you’ve sent money from Venmo to your bank account, you can use this money for PayPal. Sending.
Select the bank account you want to credit, then click Continue. There's no charge to withdraw money from your PayPal balance to your local bank account. Some banks may charge a fee for transfers. Contact your bank directly for more information.Depending on the bank, it can take 3-4 business days for your money to appear in your bank account.
It’s free to transfer money when you use your PayPal balance or bank account. However, if you are using a credit card or debit card to send money, the fee in the U.S. is 2.9 percent plus 30.
Can’t transfer money into bank account t. I have a small business (contractor) and was recently given 3 grand by a customer. They wanted to pay with credit card and I figured we could use PayPal. I’ve been trying all week to transfer the money to my bank account and it keeps giving me the message “we’re sorry. We’re not able to process your request right now. Please try again later.