Wire transfer info

Jardelean0716
Contributor
Contributor
What is the SWIFT code for PayPal and does PayPal Allow processing of both FedACH and Fedwire payments?
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sharpiemarker
Esteemed Advisor
Esteemed Advisor

@Jardelean0716 

 

PayPal does not have a SWIFT code for you to use.

 

PayPal uses ACH to transfer money from bank accounts to PayPal accounts by linking and confirming a bank to the PayPal account.

 

To send or "wire" money, you and the recipient have to have a PayPal account. Money can be sent internationally (cross-border) from US PayPal accounts to PayPal accounts in 203 countries as well. So no need to bother with SWIFT codes.

 

Each PayPal account can be linked with a bank account, although not all countries can link a bank account but most of the time, it can be linked with a US bank account abroad and some countries have card (credit/debit/prepaid) withdrawal.

 

Sender initiates a payment through PayPal account and can pay with bank account, or credit/debit card. Funds get sent to Recipient's PayPal account and can transfer funds to their linked bank account or card .

 

https://www.paypal.com/li/smarthelp/article/how-do-i-get-paid-using-paypal-faq1750

https://www.paypal.com/li/smarthelp/article/how-do-i-send-money-faq1684


Kudos & Solved are greatly appreciated. 🙂

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

@Jardelean0716 

 

PayPal does not have a SWIFT code for you to use.

 

PayPal uses ACH to transfer money from bank accounts to PayPal accounts by linking and confirming a bank to the PayPal account.

 

To send or "wire" money, you and the recipient have to have a PayPal account. Money can be sent internationally (cross-border) from US PayPal accounts to PayPal accounts in 203 countries as well. So no need to bother with SWIFT codes.

 

Each PayPal account can be linked with a bank account, although not all countries can link a bank account but most of the time, it can be linked with a US bank account abroad and some countries have card (credit/debit/prepaid) withdrawal.

 

Sender initiates a payment through PayPal account and can pay with bank account, or credit/debit card. Funds get sent to Recipient's PayPal account and can transfer funds to their linked bank account or card .

 

https://www.paypal.com/li/smarthelp/article/how-do-i-get-paid-using-paypal-faq1750

https://www.paypal.com/li/smarthelp/article/how-do-i-send-money-faq1684


Kudos & Solved are greatly appreciated. 🙂
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