It seems there might be a misunderstanding in the term "balance transfer PayPal." PayPal doesn't directly offer a feature to transfer a balance from one PayPal account to another in the way you might transfer funds between bank accounts or credit cards. Instead, what you likely intend to do is to send money from your PayPal balance to another PayPal account. This is a standard feature of PayPal.
Therefore, this lengthy post will guide you through the process of sending money from your PayPal balance to another PayPal account. Let's get started!
Step 1: Are You Ready to Send? Let's Check Your Basics!
Before we dive into the nitty-gritty, let's ensure you have everything you need.
- Do you have a funded PayPal account? Make sure you have sufficient funds in your PayPal balance, or a linked bank account or card that you can use to send the money.
- Do you know the recipient's PayPal details? You'll need either their email address, mobile number, or PayPal.Me link. Double-check this information to avoid sending money to the wrong person!
- Are you connected to a stable internet connection? A reliable internet connection is crucial for a smooth transaction.
If you've ticked all these boxes, then you're all set to move on to the next step!
Step 2: Initiating the Money Sending Process
There are a few ways to start sending money via PayPal. Let's explore the most common methods:
2.1 Using the PayPal Website:
This is a straightforward method if you're using a computer or tablet.
- Sub-step 2.1.1: Log In to Your PayPal Account: Open your web browser and go to the PayPal website (
www.paypal.com - Sub-step 2.1.2: Navigate to the "Send & Request" Section: Once you're logged in, look for the "Send & Request" tab or button. It's usually located at the top of the page. Click on it.
- Sub-step 2.1.3: Choose "Send": Within the "Send & Request" section, you'll typically see two options: "Send" and "Request." Click on the "Send" option.
- Sub-step 2.1.4: Enter Recipient's Details: Now, you'll be prompted to enter the recipient's email address, mobile number, or PayPal.Me link. Carefully type in the correct information. PayPal might suggest contacts from your history, but always verify the details.
- Sub-step 2.1.5: Enter the Amount: In the designated field, enter the amount of money you want to send. Make sure to select the correct currency if applicable.
- Sub-step 2.1.6: Add a Note (Optional but Recommended): You'll usually have an option to add a note to the payment. This can be helpful for the recipient to understand the purpose of the transfer.
- Sub-step 2.1.7: Choose Your Payment Method: If you have multiple funding sources linked to your PayPal account (e.g., PayPal balance, bank account, credit card), you'll be asked to choose how you want to pay. Select your preferred method. If you want to use your PayPal balance, ensure it has sufficient funds.
- Sub-step 2.1.8: Review and Confirm: Before finalizing the transaction, carefully review all the details, including the recipient's information, the amount, and the payment method. Once you're sure everything is correct, click the "Continue" or "Send Now" button.
2.2 Using the PayPal Mobile App:
Sending money via the PayPal mobile app is equally convenient.
- Sub-step 2.2.1: Open and Log In to the PayPal App: Launch the PayPal app on your smartphone or tablet. Enter your login credentials (email or mobile number and password).
- Sub-step 2.2.2: Tap "Send": On the app's home screen, you'll usually find a "Send" button or icon. Tap on it.
- Sub-step 2.2.3: Enter Recipient's Details: Similar to the website, you'll need to enter the recipient's email address, mobile number, or PayPal.Me link. You can also search your contacts if they are linked to PayPal.
- Sub-step 2.2.4: Enter the Amount: Type in the amount you wish to send.
- Sub-step 2.2.5: Add a Note (Optional): You can add a brief description for the payment.
- Sub-step 2.2.6: Choose Your Funding Source: The app will display your available funding sources. Select the one you want to use. To use your PayPal balance, ensure it's selected and has enough funds.
- Sub-step 2.2.7: Review and Send: Double-check all the details on the review screen. If everything looks correct, tap the "Send" button.
Step 3: Understanding Fees and Transaction Types
It's important to be aware of potential fees associated with sending money via PayPal.
- Personal Payments vs. Goods and Services: When sending money, you'll often be asked to specify if it's a "Personal" payment (e.g., for a friend or family) or for "Goods and Services" (e.g., paying for an item).
- Personal Payments: These often have no fees if funded by your PayPal balance or bank account within the same country. However, using a credit or debit card might incur a fee.
- Goods and Services: These payments typically involve a fee for the seller (the recipient) to cover PayPal's seller protection. As the sender, you might sometimes have the option to cover this fee.
- International Payments: Sending money to someone in another country usually involves fees, and the amount can vary depending on the countries involved and the funding source. PayPal will typically display the fees before you confirm the transaction.
- Currency Conversion: If you're sending money in a different currency, PayPal will handle the conversion, but they will likely apply a conversion rate that includes a margin.
Step 4: Confirmation and Tracking
Once you've sent the money, you should receive a confirmation notification from PayPal, either on the website, in the app, or via email.
- Checking Transaction History: You can view the details of your sent payment in your PayPal account's transaction history. This will show the recipient, the amount, the date, and the status of the transaction.
- Recipient Notification: The recipient will also receive a notification from PayPal informing them that they have received a payment.
Step 5: Troubleshooting Common Issues
Sometimes, things might not go as smoothly as planned. Here are a few common issues and how to address them:
- Incorrect Recipient Details: If you've accidentally sent money to the wrong person, contact PayPal immediately. They might be able to help you recover the funds, but it's not guaranteed. This highlights the importance of double-checking the recipient's information.
- Insufficient Funds: If your chosen funding source doesn't have enough funds, the transaction will likely fail. Ensure you have sufficient balance or credit available.
- Payment Held for Review: PayPal sometimes holds payments for review for security reasons. This is usually temporary, and the funds will be released to the recipient after the review process is complete.
- Technical Issues: If you encounter technical difficulties with the website or app, try refreshing the page, clearing your browser's cache, or updating the app. If the problem persists, contact PayPal support.
How to FAQs:
Here are 10 frequently asked questions about sending money (which you might have initially referred to as "balancing transfer") via PayPal:
How to find someone's PayPal if I only have their name? Quick Answer: PayPal prioritizes privacy. You'll typically need their email address, mobile number, or PayPal.Me link to send money. You might be able to search your contacts if they are linked to PayPal.
How to check my PayPal balance before sending money? Quick Answer: Log in to your PayPal account (website or app). Your available balance is usually displayed prominently on the dashboard or home screen.
How to add a bank account or card to my PayPal for sending money? Quick Answer: Go to your PayPal "Wallet" or "Linked Accounts" section and follow the prompts to add your bank account or debit/credit card. You'll likely need to verify the information.
How to cancel a PayPal payment after it's been sent? Quick Answer: You can only cancel a payment if the recipient hasn't yet accepted it (if it was sent as an eCheck) or if it's still pending. Look for the transaction in your history and see if there's a "Cancel" option. Once completed, you'll need to request a refund from the recipient.
How to send money internationally with PayPal? Quick Answer: Follow the same "Send Money" steps, but enter the recipient's international PayPal details. PayPal will usually inform you of any applicable fees and currency conversion rates before you confirm.
How to request money from someone using PayPal? Quick Answer: Instead of "Send," choose the "Request" option in the "Send & Request" section. Enter the requester's details and the amount you're requesting. You can also generate a PayPal.Me link to share.
How to know if a PayPal payment has been received? Quick Answer: As the sender, you'll see the transaction marked as "Completed" in your history. The recipient will also receive a notification from PayPal.
How to dispute a PayPal transaction if I sent money in error? Quick Answer: If you sent money for "Goods and Services" and there's an issue, you might be able to open a dispute through the PayPal Resolution Center. For personal payments sent in error, you'll need to contact the recipient to request a refund.
How to find my PayPal.Me link to receive payments? Quick Answer: Log in to your PayPal account and look for the "PayPal.Me" section in your profile settings. You can customize your link and share it with others to receive payments easily.
How to secure my PayPal account when sending money? Quick Answer: Use a strong, unique password, enable two-factor authentication, be cautious of phishing emails, and always double-check recipient details before sending.
We hope this comprehensive guide has clarified the process of sending money via PayPal! Remember to always double-check the details before confirming any transaction.