How to send money to paypal
How to send money to paypal
How to transfer money to PayPal in 4 steps
Yumiko Kijima
PayPal can be a convenient way to shop online or send money to friends and family without needing to enter your bank account or card details over and over again. Log in to make payments, use the app, or even schedule automatic billing for simplicity.
Using PayPal for international transfers? Watch out for exchange rates
Here’s what the PayPal website says about sending money to someone, from Malaysia:¹
It’s free to send payments. You don’t need to pay a transaction fee when you send payments with PayPal.The recipient covers that. If you send a payment overseas in a different currency,a small conversion fee applies.
It’s worth looking carefully at this. As the table above shows, even though PayPal doesn’t charge an upfront transfer fee, your recipient may end up with less because of the impact of the PayPal exchange rate and other fees incurred.
PayPal’s currency conversion fees vary from one currency to another. For a payment to the USD account you’ll probably pay a markup of 3.5%. The charge can be up to 4.5% for other currencies.⁴
Can you add money to PayPal in Malaysia?
If your account was opened and registered in Malaysia, you should be able to add funds to PayPal from your linked bank account.
To check, log into your account and look for the Add Funds button. Depending on the device you’re using, and whether you view your account online or using the app, this may be visible just under your account balance, or accessed by clicking the three dots next to your balance for more options.
How to transfer money to PayPal
Here’s how to transfer money to your PayPal account.⁵
💡A cheap and transparent alternative: Wise
Take a look at the low cost international transfers available from Wise, to see if you can save.
Wise uses low, transparent fees without any mark-up on exchange rates. You can send money overseas from Malaysia to 80+ countries with the real exchange rate.
To send money with Wise,
And that is it! You can track your transfer in your account and your recipient will also be notified when a transfer reaches them.
Spend in foreign currencies? Receive money from abroad? Wise can help that too!
An independent research found that it is on average 3x cheaper to send, spend, and withdraw money overseas with Wise compared to 6 other provider and Malaysia bank accounts.
No monthly charges or minimum balances required😉
Join 11 million people who use Wise and save 1 billion GBP (=5.6 billion MYR) a year compared to using a bank.
Get your Wise card for free till 1 Jan 2022, limited to first 5,000.
Send money in seconds
Pay back your friends for last night’s drinks with the PayPal app.
How to transfer money
1. Download the App
Start sending and receiving money the easy way. Download today.
2. Select recipient
Add your contacts and simply search or scroll through your address book.
3. Hit Send
Enter the amount, add your own message and transfer money. It’s that fast.
Explore the PayPal app
Email or mobile number. That’s all you need*.
Send money to millions of people around the world.
Transfer money in more than 25 currencies.
20 secs. Average time to receive money
Pay back in seconds for last night’s drinks
Settling up for a big night out is easy with the PayPal app. Save yourself a bank transfer and send money in seconds.
Pay back in seconds for yesterday’s adventure
No need to worry about online banking. Whatever the activity, the PayPal app makes pay back easy.
Pay back in seconds for today’s coffee break
Take your time with that coffee knowing that the PayPal app makes it easy to transfer money to friends.
Send money abroad with ease.
With PayPal, it’s easy to send money to friends and family abroad. And thanks to our new Xoom service, you can send money directly to international bank accounts, cash pick up locations, and more.
Make the most out of your PayPal
Settle up
Create your unique link, share it and start receiving money.
Request money
Ask for money from anyone via their email address or phone number*.
*Free when sending money to a UK account from a UK account in £GBP. Fees apply when converting currency and when sending money to an account in another country. See fees.
**The recipient will need to create a PayPal account if they don’t have one.
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How to put money into PayPal?
Zorica Lončar
If you’re using PayPal, you might choose to hold a balance within your account. This can be handy for sending money to friends and family, or for paying for goods and services online.
But before you use your PayPal balance for payments, it’s a smart idea to check out the fees first. PayPal isn’t always the cheapest option, especially if you need to make international payments.
How to add money in PayPal
The first thing to know is that you don’t actually need funds in your PayPal account in order to pay for things online¹. If you’ve linked a bank account or debit card to your PayPal account, you can still use PayPal for online purchases. The money will be debited straight from the bank account or card.
But if you’d rather hold a PayPal balance to cover your purchases, you can add funds using a bank transfer.
How to transfer money from a bank to PayPal
PayPal recommends linking your bank account with your PayPal account, so that you can make payments quickly and simply. To add money from a bank account, simply follow these steps:¹
How to add money to PayPal from a debit card
You don’t need to add money directly to your PayPal balance using a bank card to pay for purchases or send money to a friend. Rather, the next time you make a transaction, PayPal can debit the money from your card.
This means if you link a card to your PayPal account, you won’t need a balance to send money to people or pay for things.
To link a card to your account, follow these easy steps²:
When linking a card to PayPal, you may also be required by your bank to complete 3D secure or biometric authentication processes.
Receiving money from friends and family into your PayPal account
Of course, another way to top up your PayPal balance is to receive payments from friends and family. It’s free to receive personal payments into your PayPal account³ provided that the sender uses a bank account, debit card or their PayPal balance, and as long as no currency conversion is involved. You can even send a money request or invoice.
How to add money into the PayPal app
If you’re topping up your balance using the PayPal app, you can simply tap your balance and select ‘Add Money’¹. Then, follow any instructions on-screen, such as selecting a bank account to fund the payment and entering the amount you want to transfer.
What are the PayPal fees for adding money?
How do I add money to PayPal for free?
The good news is that it’s free⁴ to add money to your PayPal balance from your UK bank account, provided the money is in GBP.
But are there any other costs you need to know about? Here are some of the other PayPal fees to bear in mind:
| Service | PayPal fee⁴ |
|---|---|
| Receiving money from a UK sender, in GBP | Free |
| Sending money in the UK, in GBP | Free |
| Sending money outside the UK in another currency | 5% |
Spend in any currency, and send money with ridiculously low fees
Need to pay for goods and services abroad, or send money to friends and family overseas? Wise can help.
Wise specialises in international payments, to make it simple and cheap to send and spend all over the world, just like a local.
It could be as much as 6x cheaper⁵ than leading UK banks when it comes to making international payments. You can even receive money for free with your own local account details, for the US, UK, EU, Australia, New Zealand, Singapore and many more countries and currencies worldwide.
Get started and save when you spend in any currency.
That’s pretty much everything you need to know on how to put money into PayPal and top up your account. After reading this guide, you should be all set to transfer from your bank account in just a few clicks, or taps if you’re using the PayPal app.
Sources used for this article:
Sources checked on 27-September-2021.
This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.
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Settle up with a friend. Help a loved one in need. Pay for a haircut or piece of art. Send money quickly and securely to just about anyone, anywhere. 1
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Whether you’re home or out and about, we can get your money where it needs to go. Fast. 1
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Use our Xoom service to transfer money to over 130 countries, even if your recipient doesn’t have a PayPal or Xoom account. 3
It’s your money. Choose how you pay.
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transaction fees when you send to friends from your bank or PayPal balance. 1 We never charge you fees when you pay for goods and services.
Transaction fees within the US
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Easily and securely spend, send, and manage your transactions—all in one place. Download the app on your phone or sign up for free online.
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1 An account with PayPal is required to send and receive money. A PayPal Balance account is required to hold and use a balance.
2 Available on eligible purchases. Terms and limitations apply. See PayPal Purchase Protection terms and conditions.
3 Fees and limitations apply. In addition to the transaction fees, Xoom also makes money when it changes your US dollars into a different currency. No PayPal or Xoom account necessary.
4 Fees are subject to change. Learn more.
5 The PayPal Cash Card is a debit card linked to your PayPal balance. The PayPal Cash Card is not a credit card. PayPal is not a bank and does not itself take deposits. You will not receive any interest on the funds in your PayPal Balance account. Funds you hold in a PayPal Balance account are not insured by the FDIC unless you have successfully requested a PayPal Cash Card. If you have successfully requested a PayPal Cash Card, then we will deposit the funds in your PayPal Balance account into a pooled deposit account held by us for your benefit at an FDIC-insured bank. This structure used for accounts with a PayPal Cash Card is intended to provide the funds in your PayPal Balance account with the benefit of pass-through FDIC insurance up to applicable limits. See the PayPal Balance Terms and Conditions for additional information.
The PayPal Cash Mastercard («PayPal Cash Card») is issued by The Bancorp Bank pursuant to a license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark, of Mastercard International Incorporated. The Bancorp Bank is issuer of the Card only and not responsible for the associated accounts or other products, services or offers from PayPal. Card may be used everywhere Mastercard is accepted. The Bancorp Bank does not hold your PayPal Balance account funds.
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Pay or get paid for moments that matter.
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Send for a bank deposit or cash pickup or delivery in 130+ countries with Xoom—even if your recipient doesn’t have an account. 1
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Donate to support a cause or fundraiser that matters to you.
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Pay with QR
Open the PayPal app, point with your camera, and keep it moving with touchless transactions.
Make payments personal with a profile
Create your profile. Share it. Get paid. Let friends find you easily in the app or keep things private by hiding your profile.
Join the millions around the world who love PayPal
Easily and securely spend, send, and manage your transactions—all in one place. Download the app on your phone or sign up for free online.
Scan the code or enter your number to get the app.
By clicking Send Link you agree to receive a text message with a link to the PayPal app. Message and data rates may apply.
We’ll use cookies to improve and customize your experience if you continue to browse. Is it OK if we also use cookies to show you personalized ads? Learn more and manage your cookies
1 Fees and limitations apply. In addition to the transaction fees, Xoom also makes money when it changes your US dollars into a different currency. No PayPal or Xoom account necessary.