It is quite unlikely that you haven’t heard of PayPal. It is one of the most popular online financial service providers you can find. It started its journey in 2002 and still now it is among the top in this sector. Do you need to pay? PayPal might be the company you can rely on. But what if your money is on another account? Like NetSpend.
Netspend is a U.S. company that offers prepaid Visa and Master Cards to people all around the world. But they provide Debit cards only. A consumer can use this service where Visa and MasterCard are received as a payment method. They can pay their pay bills with a NetSpend Debit card, alongside transfer funds to any other accounts. They have gift card service and Travel cards that are reloadable a certain number of times.
So if you have your money on Netspend and thinking of or need to transfer your money from Netspend to PayPal, you have come to the right place. Stay tuned with us as we will guide you on how to transfer money from NetSpend to PayPal.
How to Transfer Money from NetSpend to PayPal
Having PayPal or NetSpend can be satisfactory when it comes to digital financing of your money. But what if you need to transfer your balances from one account to another? Say you need to transfer your NetSpend credits to PayPal; follow our step-by-step instructions to do so.
- Step 1: Log on to your PayPal account
- Step 2: Click on the “Wallet” tab and link your NetSpend Debit card to your PayPal account using NetSpend card’s account and routing numbers. (The routing and account numbers are for direct deposit to your NetSpend card, so you can use it as a bank account.)
- Step 3: Pass the verification process
- Step 4: Use the “add money” option to transfer your NetSpend’s balance to your PayPal account.
Following these steps, you can quickly and conveniently transfer your balance from NetSpend to Paypal.
Is it Possible to Transfer the Balance from PayPal to NetSpend?
As you have already linked your NetSpend account to PayPal, you can quite easily transfer your balance from PayPal to Netspend. Putting money into Netspend is way convenient than getting it out. Still, if you cannot find a way to do so, you will have to ask Netspend if they have any such arrangement with PayPal and reconfirm the same from PayPal. If they don’t have the contract, you have to transfer funds from PayPal to your bank and then transfer it to the NetSpend card. Since you are only sending the money to the NetSpend account, it is not necessary to verify the account. Here is the step by step guideline:
- Step 1: Log into your PayPal account; Tap “Withdraw”; Click “Transfer to a Bank Account.”
- Step 2: Put the amount of money you wish to transfer from your PayPal account to your NetSpend account.
- Step 3: Select your NetSpend card from the “To” drop-down menu, then tap “Continue.”
- Step 4: tap “Submit” to send your request.
In this case, PayPal will not charge customers fees of NetSpend. And within two to three business days, money added to Netspend accounts is usually available.
FAQs – Frequently Asked QWuestions
How to transfer money from NetSpend to a bank account, and how long does it take?
To do so, you need to have two accounts. Put the NetSpend card on account one. Put your debit card and bank on account two. Transfer from one to two and deposit instantly to debit card or regular (24 hr) to the bank. Be forewarned, PayPal can slow up transactions if flagged, but you won’t lose funds or anything. It may take up to three working days to transfer the funds.
How can I make a direct deposit from my NetSpend Prepaid card to my PayPal account?
You can transfer your money from your PayPal account to your NetSpend Western Union Card, and you will get your money within 2 to 3 business days. But you can make a direct deposit only through a paycheck, tax refund, or government benefits.
We individuals may prefer to choose different platforms for online transactions. But often, it gets necessary to transfer money from one platform to another. Throughout the whole article, we have discussed moving money from Netspend to PayPal and vice versa.
Where depositing money on Netspend is easy, putting it out is much more problematic as it requires you to go through some verification process. Whereas PayPal uses a straightforward procedure that is easy to follow. Nevertheless, If you know what you are doing, no one stops you from transferring money between these two platforms.