There are also incredible advantages associated with it especially being fast and easy to set up. Some of the advantages are listed below;
Once your account is connected, transferring money to the local bank is an easy process. But this will attract a percentage service charge. As of the time of preparing this article, this is the only charge from PayPal services. Below are the guides to use PayPal to transfer money and perform other activities.
The following steps are guidelines to make a transfer to the local bank.
STEP 1 – Visit the PayPal official website from your system, or open the PayPal App after download from your mobile device.
Step 2 – Click on Sign up, or enter account information to sign in. You can create an account from the PayPal homepage if you’re visiting for the first time
Click on Transfer Money (below current account balance)
Two options are displayed to you, select Transfer PayPal to a Bank.
Instant simply means that the transaction processes with a charge fee of one percent of the transfer.
Standard also means the transfer process is free, but it takes 1 (one) business day for implementation.
On the next display, select a destination for the transfer. Either to a linked bank or debit card.
Next, you enter the total amount to transfer.
Your current balance will be displayed, above the transfer, the destination will be displayed also. Confirm this by clicking on Next to continue
You are asked to confirm the process as it shows you your PayPal transfer amount including the deducted fee. Click confirm to proceed.
PayPal will then send a confirmation message, notifying you that you request is processing
Once you get a message, you may want to check your summary from your profile. Confirm the current balance by subtracting the total transferred from the percentage change from your previous balance. However, PayPal will also email you confirming your transaction to the email used in registration.
Finally, wait patiently for alerts and once you get one, then congratulations your transaction was processed perfectly.