If you use PayPal to accept payments, you can withdraw money directly from your account using MoneyGram and be done with it in as little as 24 hours. This quick guide will walk you through the process of withdrawing money from PayPal using MoneyGram, and by the end, you’ll have your cash ready to spend on whatever you like!
Step 1: Log in to your PayPal account
You first want to log into your PayPal account and verify that you have money in your balance. If there isn’t enough money on your credit, it’s okay because we can always withdraw more later. Many people get worried when they see their funds are low but don’t worry too much because we can fix that quickly with a few small steps.
Step 2: Link Your MoneyGram Account to your PayPal
Log into your PayPal account. Click Profile in your account profile then clicks Profile at the top of your window. Click Linked Accounts on the left-hand side on the next page, then choose Transfer Options. In the Transfer Methods box, choose MoneyGram. Then enter your name and MoneyGram email address, and password to log in. Once logged in, select Add Bank Account or Card and follow the instructions to link a bank account or credit card to your PayPal account.
Step 3: How much can you withdraw
If you want to use your card to withdraw money from your PayPal account, you can only do so when your balance reaches $500. The maximum amount you can withdraw daily is $200 (the limit is for security purposes and your own protection). Here’s what will happen if you withdraw all your money; to ensure that doesn’t happen, add a line in your budget for monthly expenses.
Step 4: Choose a location to withdraw your money
Selecting a location to withdraw your funds is similar to choosing a site to deposit your funds. It’s not just about where you choose, but also about how much of your money will be taken from you as fees. We recommend that you go with whatever company has been used by many others before and is rated highly. A quick Google search for the best place to withdraw money from Paypal using MoneyGram should help point you in the right direction.
Step 5: Enter your withdrawal amount
Next, you’ll need to decide how much money you want to withdraw, which is usually limited by a daily limit set by your country’s government. Click on Calculate to see if your desired amount of money is allowed and ready for transfer. Most people are eligible to transfer between $1,000 and $3,000 per day. If your desired amount exceeds that number,
Step 6: Follow the instructions once you click Continue
Proceed to payments and follow instructions to transfer funds. You will then receive an email confirmation when your payment has been processed. Once you have received your email confirmation, log in to your PayPal account again and click on Withdraw. Select MoneyGram as a withdrawal method, and fill out all fields correctly, including first name, last name, and phone number, where you can be reached at once when we call you for verification of payment information. Once everything is filled out correctly, click on the Continue button below.
Step 7: Complete all required fields on the next page
Ensure that all your personal information is entered accurately, as well as a good password, security question, and recovery email address. If you have questions or issues during this process, contact PayPal immediately. Once you click continue to the next step, your account will be automatically approved! You’ll then be able to withdraw money from PayPal using MoneyGram!
Step 8: Print the deposit slip, fill it out and submit it at the designated location
Please print and fill out your MoneyGram deposit slip, then bring it to any participating MoneyGram agent. These locations are worldwide, but many are in major metropolitan areas like airports, bus stations, and train stations. The MoneyGram agent will help you complete your transaction and give you a receipt when your money arrives in your bank account. If you don’t have access to a MoneyGram location near you, check out e-Wire, which lets you transfer funds online directly into an account of your choice.
Step 9: Receive cash at any MoneyGram location.
When withdrawing money from your PayPal account, you must either withdraw $500.00 or more at a time or withdraw via Instant Cash Out at a $50.00 per transaction for up to $2,500 per calendar day. You may only receive cash once on any calendar day, and there is no guarantee that you will be able to obtain an amount equal to what was deposited into your bank account by using Pay with Cash.
If you’re looking for a way to withdraw money from PayPal using MoneyGram, you can easily do so by following these instructions. Once you receive your cash, it’s up to you how and where to spend it. You may not think that withdrawing money from your online accounts using a service like this is possible, but if you can dream it, then it’s more than likely, as evidenced by many people doing just that.