Withdrawing from Paypal credit

Zilveari
New Community Member

 Is there a way to turn my Paypal Credit line into cash/withdraw funds from it to my bank account?  If not then is there a way to use it at ATMs or stores?  I have NFC in my phone and the paypal app, but that is only good for Dollar General in this area.

 

Another question, can Paypal credit be used with Google Wallet?

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3 REPLIES 3

Rocketboy
New Community Member

You can, but it's a bit of a challenge. I was in a similar situation as you, except I needed to with draw money to pay off another credit card. As it turns out, you can transfer money from another credit card to pay off your pay pal credit, but you can't transfer pay pal credit to another credit card. I informed Pay pal credit of my situation and they said if I wanted to withdraw money to my bank account using pay pal credit, that I would first have to send money to another pay pal account using pay pal credit as a payment method. Then the other person will have it in their paypal balance.

 

So once they have the money in their pay pal balance they can withdraw it to their bank and send it to your bank account so it's a bank to bank transfer. If you're not comfortable with that, you can just have them send the money back to you and then you'll have it in your pay pal balance and then you can do whatever you want with it. I'd recommend that option more if you don't feel comfortable giving out your bank details, I'm not sure why anyone would suggest to me to link my bank account to someone else's pay pal account.

 

Keep in mind though that pay pal's security systems may flag you as doing something suspicious with your pay pal account and/or breaking pay pal's rules, and you might find your pay pal account either temporarily or permanently limited as was the case with me. I then had to contact pay pal and had to explain my situation, it took forever to get to someone who could actually help me as everyone I had spoken to had told me there was nothing I could do and there was nothing they could do to help me. But then finally out of sheer luck, it must've been like some sort of act of God,, someone finally answered the phone who was nice and actually had sense and was a great listener. So I had informed them of my situation, that a pay pal credit rep had suggested me to do certain things to make my paypal credit money available to withdraw to my bank. I had mentioned about transferring money to someone else's pay pal account and having them send it back to mine, and then I was placed on hold as both the pay pal rep at the limitations team got on the phone with a rep for paypal credit and both of their supervisors. As it turns out, what I was doing was perfectly legal and not in violation of any laws or violating pay pal rules, and everyone came back to me and told me themselves that I had not broken any rules. So I got my account fully restored.

 

To avoid your account getting flagged or limited I'd recommend you do this: Have someone you know and trust request money from you. Have them request whatever amount you want to withdraw to your bank. If you want to withdraw $2000.00 have them request that amount and it'll come to you as an invoice, if there's an option to change shipping and things, set it to no shipping required. If that option isn't available just leave it alone and continue to the next screen. There should be options for payment methods to use to send money, pay pal credit should be one of them. Keep in mind there's a fee for that, so let's say for example someone requests $2000.00, you're paying a fee of 45 or 46 dollars so they're getting back $1956.00 and some odd cents. To avoid that, have them request a little more than $2000.00, like maybe $2050.00 or something. Keep in mind that this was pay pal's computer systems that flagged my account, not paypal reps themselves. But just to avoid paypal's computer systems, I'd have someone request money from you. It appears more legit to the pay pal system. I know it's a long message, but that's because it's kind of a long process, and you need to have lots of patience. Once it's all over though you'll be happy as you'll have all that money in your bank! With all the worst of that behind me, I'm just waiting for all the money I withdrew to hit my bank account so I could use it for things I need!

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Verdie75
Contributor
Contributor

Any idea as to why paypal doesnt give me the option to use my credit line to send money? I'm in a similar situation where i need to pay a bill ASAP and they only way to use my PayPal cedit funds would be to sed money via paypal credit to a friend whom also ha a paypal account. I go to send/recieve money, enter the email of the recipient and the amount I want to send, It asks me for a shipping address, then I click continue, sometimes is shows an error and asks me to select a paymet method but the only option is to enter a debit card number. Or just recently it ony tells me that "We can’t send your payment right now. If you keep running into this issue, please contact PayPal."

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

@Verdie75 wrote:

Any idea as to why paypal doesnt give me the option to use my credit line to send money? I'm in a similar situation where i need to pay a bill ASAP and they only way to use my PayPal cedit funds would be to sed money via paypal credit to a friend whom also ha a paypal account. I go to send/recieve money, enter the email of the recipient and the amount I want to send, It asks me for a shipping address, then I click continue, sometimes is shows an error and asks me to select a paymet method but the only option is to enter a debit card number. Or just recently it ony tells me that "We can’t send your payment right now. If you keep running into this issue, please contact PayPal."


 

Likely security or some issue with creditworthiness that restrict your ability to use your credit line.  Call Paypal customer service for assistance.  


Kudos & Solved are greatly appreciated. 🙂
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