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Are you a Netspend subscriber who wants to transfer money from Netspend to PayPal but don't know how? Thousands of Netspend users are finding it difficult to transfer money between Netspend and PayPal. If you're one of them, you'll gain all the knowledge you need today on how to go about the process with simplicity. It's a lot easier to move money from one platform to another when you have the opportunity to do so.
Netspend is a payment corporation based in the United States that issues Visa and Mastercard debit cards that can be used for a variety of purposes. You can use the debit cards in places that accept Visa and MasterCard both inside and outside the United States. The debit cards are issued by partner banks and are insured by the Federal Deposit Insurance Corporation (FDIC), so your money is safe up to $250,000.
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For more purchase-oriented transactions, such as buying from merchants or collecting payments from your own customers, PayPal is the most popular option. In terms of business payments, NetSpend is more of a peer-to-peer (P2P) platform, whereas PayPal is more of a business-to-consumer (B2C) platform (B2C).
However, as we said above, you can easily send your money from your Netspend to your Paypal account.
How to Instantly Send Money from Netspend to Paypal
What is Netspend All about?
Netspend is a company based in the United States that provides prepaid debit Visa and MasterCard cards. Users can use their cards where Visa and MasterCard are accepted, as well as pay bills and send money to others.
Gift cards that cannot be reloaded and travel cards that can be reloaded for a limited number of times are also available through Netspend. Customers who already have Netspend prepaid debit cards can open savings accounts with them.
CHECK ALSO: How to get an instant virtual bank account for paypal verification
Users can reload their Netspend debit cards with cash for a fee of $3.95 on average. Funds from bank accounts and other financial service providers, such as PayPal, can also be used to reload. Paychecks, tax refunds, and other benefits such as Social Security can all be deposited straight into Netspend prepaid cardholders' accounts.
What is Paypal all about?
PayPal is a global online payment service provider. The headquarters of the corporation are in Jose, California, in the United States of America. The company has been in operation for more than 20 years, and there have been numerous developments.
The company now operates in over 200 countries and collaborates with hundreds of banks throughout the world. The majority of PayPal users are freelancers who receive money through PayPal and withdraw them through their banks.
Netspend vs Paypal
Netspend and Paypal are both online platforms that people use for peer-to-peer transactions and many other stuffs. But how can we differentiate the both of them? Well check their features below and you will know how different they are from each other.
SEE ALSO: How to transfer money from cash app to paypalNetspend Features
- Android, SaaS, and iPhone mobile devices are all compatible with Netspend.
- Opening a bank account to manage funds and costs apart from other activities is a popular solution for small enterprises and businesses.
- Customers can get help via the internet.
- For client support, the company provides in-person training and documentation.
- Designed specifically for commercial bank accounts.
Paypal Features
- PayPal is simple to use and is a great way to send money to friends and family.
- When you pay using PayPal, you get an added layer of security and fraud protection. If you pay for something with PayPal and it turns out to be a scam, PayPal can assist you get your money back.
- PayPal encrypts your bank or credit card information, ensuring its security.
- There are no costs associated with sending money to friends and family.
- You will be charged fees if you send money using PayPal as part of a commercial transaction.
How do I Open a Paypal Account?
The only way to open a PayPal account is to do so online. Without much difficulty, you can open a personal or company account. Furthermore, creating a PayPal account is completely free. To get started with a personal account, you'll need a mobile number. To start with the business account, you must first have an email address. After then, you can migrate according to the directions of either account.
CHECK ALSO: How to get a fully functional paypal account to receive moneyHow to Send Money From NetSpend to Paypal
The Netspend prepaid card is one of the most popular reloadable cards available. It includes an account number as well as a routing number for money transfers. You can also send and receive money on Netspend from PayPal and vice versa, just like you can with PayPal transactions to other accounts.
Because PayPal is a global payment corporation, customers will need to top up their accounts on a regular basis in order to conduct numerous transactions. PayPal also allows users to link their accounts with banks and other mobile wallets.
Follow the steps below to transfer money from Netspend to PayPal.
Step 1: Link Netspend Account and PayPal
Before you may start transferring money from one account to the other, you must first link your Netspend and PayPal accounts.
- Access your PayPal account by logging into your Paypal account.
- In the main dashboard of the app, select the Wallet option.
- Wait for the prompt after selecting Link a Bank Account.
- Provide your Netspend account's routing number and account number in the next step.
- To continue, use the Continue button.
- Before you click Add Bank Account, go through the information one last time. This would bring us to the end of the first step.
Step 2: Verify The Link By Making Micro-Transactions
After you've linked your Netspend and PayPal accounts, you'll need to verify the connection by sending a small sum from one account to the other. This is referred to as a micro-transaction, and it usually costs less than $1.
- Use the correct credentials to access your PayPal account.
- Select Wallet from the drop-down menu, then Transfer Money.
- Make the decision to add money to your account online.
- On the next page, choose Netspend Account as your funding source. Choose a transfer amount of $1 or less.
- Allow up to three days to ensure that you receive the funds.
Step 3: Send money to your PayPal account
At least with the small test done above, you can now know that it is safe to send the money. And now you can send the money using the below steps. They are;
- Use the correct login informations to log into your PayPal account.
- Select Wallet from the drop-down menu, then Transfer Money.
- Select the add money online.
- On the next page, choose Netspend Account as your funding source. Enter the amount of money you'd like to send.
- Allow up to three days to ensure that you receive the funds.
There, you can still decide to do the instant transfer of money that will take just some few minutes to be completed. But this step will cost you a higher fee. And the transfer will last for about 5minutes then you will receive your payment.
SEE AALSO: How to Transfer Money from NetSpend to Cash App Instantly
Can I send money from one Netspend card to the other?
You can instantly transfer funds from one Netspend card account to another Netspend card account. Netspend is a peer-to-peer payment system that allows cardholders to send money to each other. If you're unsure how to move money from one netspend card to another, rest assured that the process is simple. Only the recipient's name and the FlashPay ID are required.
Every Netspend user has a FlashPay ID, which allows them to send money to other Netspend users. Furthermore, funds can be transferred freely from one Netspend card account to another. It can also be used to recharge Netspend card accounts.
How to Send Money From Your PayPal to Netspend
In the same way that we mentioned previously, you can send money from PayPal to Netspend and reload your Netspend card. This will be by first linking your two accounts then sending the money. Follow these steps;
Step 1: Use the login information to access your PayPal account.
Step 2: On the main screen, select Withdraw and then Transfer to Bank.
Step 3: Provide the amount you'd want to transfer from your PayPal account to Netspend.
Step 4: After that, go to the To menu and pick Netspend from the drop-down menu.
Step 5: To move on to the next stage, tap Continue.
Step 6: Wait up to 4 business days after clicking Submit. The funds should appear in your Netspend account within a few days. Or with the instant transfer, the money arrives just some few minutes after.
MUST READ: How to transfer Money from Cash App to Bank Account InstantlySome Frequently Asked Questions(FAQs)
How do I send money using my Netspend card?
You can use the card to withdraw cash from an ATM, make direct payments with the card, or request a check with the needed amount be addressed to you. You must pay an extra $5.95 fee for the check.
Can you send money from Netspend to Cash App?
You can do transfer money from your Netspend to your Cash app account. This is possible by linking your two accounts, which is not the most favourable method to use. The best method being by transferring to Paypal first then transferring it to your Cash App.
Is there a limit on how much I can send from Netspend to PayPal?
The Netspend Prepaid Visa card has a daily spending limit of $4,999. This includes money transferred to other accounts. Furthermore, you are permitted to withdraw $490 every day from an ATM.
Conclusion on How to Transfer Money from Netspend to Paypal
In order to transfer money from Netspend to PayPal, you must first link the two accounts. The Netspend card information can be added to PayPal. That implies you'll be funding your PayPal transactions using your Netspend card. You can also set up a direct deposit from your Netspend card to your PayPal Cash Card, allowing you to put money into your PayPal Cash Plus account electronically.
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