How to transfer money from PayPal to my bank account without commissions? step by step guide

The virtual wallets they continue to become a priority for most people around the world. This thanks to all the utility they offer, especially when making online shopping either transfer money to other people.

PayPal remains one of the most popular money platforms in recent times, all this thanks to its excellent services at the time of send money to other people, charge balance in her or withdraw to your bank account.

So if you have a linked bank account to the platform, but you still don’t know how transfer money without commissions. Here we will explain in detail how to carry out this process step by step easily and quickly.

How long does it take for PayPal money to arrive in my account?

The time it will take paypal money to get to you Bank account it will depend on several factors. One of them is your country of residence, in the case of Spain Y USA these transfers usually take between 2 and 4 business days, while in Mexico They usually take between 4 and 6 business days. Therefore, it is important that you check the delay time according to your country of residence.

Also, you must take into account the terms offered by your bank for these types of payments. formalities, since on many occasions these funds from PayPal they may take a little longer or arrive immediately depending on the receiver’s conditions.

Finally, PayPal offers you two ways to make this transfer, one of them is the “instant transfer” where your funds will reach you immediately, but they will charge you a special rate and the other is the “standard transfer” where you will not be charged any commission, but you must wait the days corresponding to your country for your balance to arrive in your bank account.

Learn how to transfer money from PayPal to your bank account

If you still don’t know How to withdraw your PayPal balance to your bank accountthen here we are going to explain how to perform this procedure easily and quickly.

To do this, follow each of these steps:

• The first thing you should do is enter the official PayPal site and from there click on the “Get in” located at the top of your screen.

• Now you are going to have to enter both your email What access password to access your virtual account. From there you will be able to see each of your movements in PayPal.

• If the data entered is correct, then you will access the main page of the platform. At the top left you will find a section called “PayPal balance” and there they will indicate the balance you have in it. To withdraw it to your bank you must click on “Withdraw funds”.

• There is also another way for you to withdraw your money to your bank. In this case you must access the “my wallet” in the top menu and there it will show you your available balance. There you must select the button “Transfer money” that appears below the balance.

• No matter which method you use in this case, both options will send you to the “Transfer money” from there you will be able to both enter and withdraw balance from In this case you will have to select “Transfer to bank account” to be able to send the money to your linked bank.

• The window of “Transfer to bank account” from there you can carry this out. In case you have several linked bank accounts, You will have to select the one where you want to spend the funds, to do this, check the box on the side and then click on the “Following”.

• Now you are going to have to write the amount of money that you want to transfer to the bank account. Keep in mind that at the bottom of the screen you will see the details of the account where you are going to send the funds, so you can verify that everything is fine. Once the required amount has been added, click on “Following”.

• in this new window They will show you all the data of the transferHere you will have to check again that everything is correct, such as the amount to be transferred, the account to which you are sending. Therefore, once you confirm everything, the next thing to do is click on “transfer now” to make the withdrawal.

• Finally, a notice will appear indicating that the transfer has been made. Most likely they will also send you a confirmation email so you only have to wait a few days for your money to be made effective in your bank account.

The money has not arrived in my account. What is the problem?

In general, this type of transfer does not usually have any inconvenience and if the days go by and you do not see the money reflected in your bank account, then it may be due to some of the following reasons:

• It is important that you make sure that they have passed at least 5 or 7 business days since you made the transfer. have Keep in mind that sometimes it takes a few days longer than usual.
• If you PayPal is not 100% verified, it is very likely that you will have problems when trying to make these withdrawals. In these cases you will be asked for a extra documentation and maybe some questions to answer so they can release the money.
• It is also possible that some problem was detected in the transfer such as the identification number either incorrect account.
• It is important that you make sure that you local account receive electronic transfers, since some banks have blocked this option.

In case you do the transfer and your local bank rejects it for some reason, then you will have to pay a return fee.

Alternatives to PayPal to send money to your bank account

Today you can find a large number virtual wallets available, which is great when looking for various alternatives to receive and make virtual payments. That is why here we present the best options in case you do not want to use PayPal.

To do this, follow the list that we show you below:

Wise.com (Transferwise)

Currently considered one of the best options at the time of receive and send money to bank accounts. Best of all are its commission rates, which are one of the lowest currently on the market, so it is much cheaper than PayPal. Also, it offers you a real exchange in terms of the currencies of all countries, so you have many options when exchanging your money. Recently transferwise has changed its name to wise, but basically it still works the same way.

payoneer.com

It can be said that it is one of the most popular platforms along with PayPal at the time of make and receive payments online. The difference again goes to the commissions and that Payoneer allows you to pay suppliers at no cost through immediate payments. In addition, it is characterized by offering you the possibility of doing international payments as well as transfer at no cost to your bank accounts. It also offers you a physical card that you can request once you have added funds to your account.

Skrill.com

This is another very popular option on the market and offers you commissions very similar to those of PayPal, but in this case it offers you a prepaid debit card that you can use at points of sale and for online shopping. It also offers you the possibility of making international payments quickly and easily. Currently Skrill is available worldwide and the only thing you need to do and receive payments is an address of email. So it becomes another great alternative to move your money online.

binance.com

Finally, we present Binance, one of the most attractive options currently since does not handle commissions and it is also a platform for cryptocurrency exchange. It also allows you to recharge from your bank account as well as easily withdraw funds from them.

Binance is currently available worldwide and is one of the platforms with the most registered users despite having been launched in 2017. It also offers you the possibility of tradewhich has caught the attention of most users.