Remember the good old days when you used PayPal to fund your offshore account? Well believe it or not, you can do the same thing again if you have money in PayPal although it might be indirectly!
If you go out and buy one of those reloadable Visa cards from Netspend.com from your local check cashing place, you are only a couple of steps away from transferring money from PayPal to your Visa card.
When you buy a card from netspend, you get an account where you can deposit money from PayPal. Below are the instructions so you can see how easy it is.
Setup your NetSpend Card with PayPal (one-time setup):
Note:
If you go out and buy one of those reloadable Visa cards from Netspend.com from your local check cashing place, you are only a couple of steps away from transferring money from PayPal to your Visa card.
When you buy a card from netspend, you get an account where you can deposit money from PayPal. Below are the instructions so you can see how easy it is.
Setup your NetSpend Card with PayPal (one-time setup):
- Login to PayPal account (www.paypal.com). Select "Withdraw".
- In the "Withdraw Funds" screen, click "Transfer funds to your bank account".
- In the "Withdraw Funds by Electronic Transfer" screen, click "Add Bank Account".
- In the "Add Bank Account (U.S. Bank Accounts Only)" screen, enter this information:
- Account Type: Checking
- Bank Name: xxxxxxx
Routing Number:xxxxxxxxx
Account Number:xxxxxxxxxx
Retype Account Number:xxxxxxxxx
Inter National Bank
Then click "Add Bank Account". - Disregard the "Alert" screen; your Card Account is now set up to receive funds via PayPal.
- Login to PayPal account (www.paypal.com). Select "Withdraw".
- In the "Withdraw Funds" screen, click "Transfer funds to your bank account".
- In the "Withdraw Funds by Electronic Transfer" screen, enter the desired amount, select "INB Checking", and click "Continue".
- Click "Submit" to confirm the transfer.
- There is no charge from either PayPal or NetSpend for the transfer.
- The funds will post to your NetSpend Card within 3-4 business days max (typically 1-2 days).
- The transaction will show as "DEPOSIT/CREDIT FROM PAYPAL" in your Account History screen.
- The transfer cannot be reversed or cancelled once initiated.
- Funds cannot be transferred from your NetSpend Account to PayPal.
