PayPal is a popular online payment system that allows users to send and receive payments online. One of the convenient features of PayPal is the ability to access your funds at an ATM using a PayPal debit card or by transferring funds to a debit card. In this article, we will guide you through the steps to take cash from a PayPal ATM.
Getting Started with PayPal Debit Card
To withdraw cash from a PayPal ATM, you need to have a PayPal debit card. If you don’t have one, you can apply for it on the PayPal website. The PayPal debit card is linked to your PayPal account, and you can use it to withdraw cash at ATMs, make purchases online or in-store, and pay bills. The debit card is issued by PayPal in partnership with a bank, and it’s subject to the bank’s terms and conditions.
Applying for a PayPal Debit Card
To apply for a PayPal debit card, follow these steps:
- Log in to your PayPal account on the PayPal website or mobile app.
- Click on the “Wallet” tab and then select “PayPal Debit Card” from the drop-down menu.
- Click on the “Get a Card” button and follow the prompts to apply for the debit card.
- Provide the required information, including your name, address, and social security number.
- Verify your account information and submit your application.
Withdrawing Cash from a PayPal ATM
Once you have your PayPal debit card, you can use it to withdraw cash at an ATM. Here are the steps:
- Find an ATM that accepts the PayPal debit card. You can use the ATM locator tool on the PayPal website to find a nearby ATM.
- Insert your debit card into the ATM and enter your PIN.
- Select the “Withdrawal” option and choose the account you want to withdraw from (e.g., your PayPal balance).
- Enter the amount you want to withdraw and confirm the transaction.
- Take your cash and debit card from the ATM.
Fees Associated with PayPal ATM Withdrawals
There are fees associated with withdrawing cash from a PayPal ATM. The fees vary depending on the type of ATM you use and the location. Here are some of the fees you may incur:
| Fee Type | Fee Amount |
|---|---|
| Domestic ATM withdrawal fee | $1.50 per withdrawal |
| International ATM withdrawal fee | 2.5% of the withdrawal amount |
| ATM operator fee | Varies by ATM operator |
Transferring Funds to a Debit Card
If you don’t have a PayPal debit card, you can still access your funds by transferring them to a debit card. Here’s how:
- Log in to your PayPal account on the PayPal website or mobile app.
- Click on the “Wallet” tab and then select “Transfer Money” from the drop-down menu.
- Select the debit card you want to transfer funds to and enter the amount you want to transfer.
- Review the transaction details and confirm the transfer.
- The funds will be transferred to your debit card, and you can use them to make purchases or withdraw cash at an ATM.
Transfer Fees and Limits
There are fees and limits associated with transferring funds to a debit card. The fees vary depending on the type of transfer and the location. Here are some of the fees and limits you may incur:
| Fee Type | Fee Amount | Limit |
|---|---|---|
| Instant transfer fee | 1% of the transfer amount (up to 10)</td><td>5,000 per transfer | |
| Standard transfer fee | No fee | $5,000 per transfer |
What is the daily withdrawal limit for a PayPal debit card?
+The daily withdrawal limit for a PayPal debit card is $400 per day.
Can I use my PayPal debit card to withdraw cash at an international ATM?
+Yes, you can use your PayPal debit card to withdraw cash at an international ATM, but you may incur a foreign transaction fee and an ATM operator fee.
In conclusion, withdrawing cash from a PayPal ATM is a convenient way to access your funds. By following the steps outlined in this article, you can use your PayPal debit card to withdraw cash at an ATM or transfer funds to a debit card. Remember to be aware of the fees associated with these transactions to avoid any unexpected charges.
