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Sep 24, 2017

entclass-blog

You can now Transfer Money to your US Bank Account on PayPal's Android App





Before now, PayPal allows us to withdraw our funds to our Bank account directly, but it usually takes 24 hours or more for the money to be credited to our Bank account.

Earlier this year, PayPal announced Instant bank transfers using eligible debit cards linked to your PayPal account. This feature was only available on the web's version of PayPal.

Now, PayPal has brought this feature to its Android app. PayPal Instant transfer allows you to transfer money from your PayPal account directly to your bank account using the linked debit card on your account.

PayPal instant bank transfer is very fast within 30 minutes and $0.25 is being charged per transaction unlike withdrawing to your US bank account that takes a day or two to reflect on the account.

This feature is now live for everyone on the latest Paypal update on the PlayStore. It should only work in the US though — Paypal hasn't yet announced if it will ever come to other countries. As for which debit cards it works with, there's no official list of supported cards listed by PayPal.

WHAT'S NEW: Now, try an Instant Transfer to your bank and get your money in minutes when you use an eligible debit card.
You can download PayPal on Playstore Here.

Source.

21 comments

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  1. Can I open a valid and verified US bank acct. From Nigeria???

    ReplyDelete
    Replies
    1. Yes, you can access with a vpn and make sure you have a payoneer or vcc card for verification.

      Delete
    2. Alright thanks man

      Delete
    3. How person fit get the payoneer card na

      Delete
    4. You can apply for one at their site. Payoneer.com

      Delete
    5. You can as well use your naira debit card. Though not all banks card are acceptable by PayPal.

      Delete
    6. OK. Thanks 🙆🙆👍 👍

      Delete
    7. I was trying to open an account and I got to a point that am expected to put a US address, I got stuck.

      Delete
  2. Good development, thanks for sharing this post with us here.

    ReplyDelete
  3. Funding of PayPal in Nigeria to make the account verified through payoneer, is it that easy? Thanks for the information you've shared here.

    ReplyDelete
    Replies
    1. For me, i use a foreign PayPal account with my Nigerian dollar debit card. You can use your eligible debit card instead.

      Delete
    2. They should just allow us register direct. Many people are using the account from Nigeria anyway. And they know this but the stigma won't allow them lift the ban. Afterall, we use onlime foreign stores and they deliver xoscos we pay.

      Delete
  4. wow this is nice and wonderful

    ReplyDelete
  5. wow this is a welcome development from Nigeria banks kudos to them.

    ReplyDelete
  6. I think am gonna forward this link to my brother he need this post desperately more than me.

    ReplyDelete
  7. pls how many month validity.

    ReplyDelete