How to Withdraw Money From PayPal – Ways You Need To Know

Receiving and withdrawing money from PayPal are both just as easy as the other. That means if you want to know how to withdraw money from PayPal the solution and process will be quick. That is, of course, provided that the account is already connected to a bank. But before we discuss any further, make sure to check out our other PayPal guides here on Money Brighter.

how to withdraw money from paypal

PayPal has made its user experience simple and easy to understand. But to be able to enjoy that ease, you must first be able to realize some important details. These details are related to being a verified PayPal account user.

As you may have learned from PayPal or from a friend who knows about PayPal accounts, they have no limits when receiving the money to your account. But when it comes to withdrawing funds out of your PayPal dashboard to your bank account, it becomes strict.

As a matter of fact, it is not just with transferring to bank accounts. Any form of withdrawal like using the funds to buy stuff. When you exceeded the set threshold for a basic account, your PayPal will be held in pending for review or when you submitted some identification documents.

Learn how the basics of using your PayPal account with our guides! Read our guides on changing your password, receive money, and finding your PayPal account number.

How to Get a Verified PayPal Account

Before we tell you how to withdraw money from PayPal, you need first to learn how to get your account verified to lift off the limitation. If you already have a verified account, feel free to skip this short tutorial and head straight down to the next tutorial.

  1. The first is to open a new tab on your web browser and go to the PayPal official page.
    PayPal Official Page
  2. Click on the “Log in” button in the top right corner of the page.
    Log In
  3. Type in your PayPal registered an email address and password before hitting that Enter key.
  4. Once you are seeing your PayPal account dashboard, go see and click the “Add a bank account or card” button just below your current funds.
    Add a bank account or card
  5. On the next page, choose the “Bank Accounts” button.
    Choose Bank accounts
  6. Next is the page where you will need to fill up the blank areas about your bank account. Before you click on the “Continue” make sure that all details are correct.
    Add bank details
  7. When you are sure about the details, click “Continue.
  8. Now, verify your bank account. To do this, have PayPal to deduct $2 on your bank account. Don’t worry. It will be paid back to you once the verification is completed. 

That’s it! When you have a verified account, you can then withdraw all your money anytime you want without restrictions. 

How to Withdraw Money from PayPal

Now, here is the easiest part. You should be done with this in just a couple of minutes. Just follow the step-by-step guide, and you should be just fine.

  1. First, open a new tab on your web browser and go to the PayPal official page.
  2. PayPal Official Page
  3. Click on the “Log in” button at the top right corner of the page.
    PayPal Log In Account
  4. Type in your PayPal registered an email address and password before hitting that Enter key.
  5. Just right at the bottom of your current funds, click on the “Withdraw Funds.”
    Withdraw Funds Here
  6. Enter the amount of money that you want to transfer to your bank account.
  7. On the next page, click on the bank account that you want to use. That is if you have registered multiple bank accounts to your PayPal account.
  8. That’s it. You just withdrew the money out of your PayPal account.

These are just some of the many perks of having a PayPal account especially when it is premier or a verified business account. You get to enjoy most f not all of PayPal’s products and services. Only a few similar services can provide what PayPal can. Anyway, it will still depend on what a person needs are on a daily basis. Not all people feel suited to PayPal after all.

Let’s Wrap it Up!

So what do you think about PayPal’s way to withdraw money from your account to the bank? Are you okay with the simplicity and the ease of the user interface? Tell us what you think in the comment section below. We would be pleased to know your thoughts.

And do not forget that you are always welcome to leave suggestions and even ask questions in the comment section. Rest assured that we will try to answer all your queries as soon as we can.

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