How to Fund Your PayPal Account in 4 Simple Steps
PayPal is a useful tool, but you should always have some emergency funds set aside in case there is ever a problem.
Lack of funds in your PayPal account can delay payments and prevent you from making urgent transfers to other accounts.
Here are just four of the many methods available for depositing funds into your PayPal account.
Need to get money out of your PayPal account Read this helpful piece, or skip ahead if you're just interested in learning how to use PayPal to send a quick payment.
Expand the capabilities of your PayPal account.
If you have a business account with PayPal, you can take it to the next level by linking it to a Hong Kong digital business account.
Accessing a Hong Kong business account virtually provides your company with access to multiple currencies, which can help you avoid costly foreign exchange fees and streamline your payment processes.
It is important to feel comfortable when funding your PayPal business account.
Start by creating a PayPal Cash account.
In March of this year, PayPal launched two new account types: PayPal Cash and PayPal Cash Plus.
Accounts like these exist so that PayPal users have a safe place to keep their cash.
However, a PayPal account is not required to use PayPal. If you have a debit or credit card associated with your account, you can still send and receive funds.
However, a PayPal Cash or PayPal Cash Plus account is required if you intend to keep any money in PayPal.
All active PayPal accounts prior to the cutoff date of March 2019 were converted to Cash accounts automatically.
In order to fund your new PayPal account, you must first create a "cash" account.
One way to top off your balance is by transferring funds from an associated bank account.
Your PayPal balance can be replenished in a variety of ways on the web.
If you want to add money to your PayPal account from a linked bank account, you can do so by following these steps:
- For this to work, you must first link your PayPal account to a bank account in your home country. PayPal accounts can only be linked to bank accounts if both names are the same. You won't be able to link your bank account to your PayPal account if this is the case.
- To make a money transfer, sign in to your PayPal account and then click "Transfer Money" under your account balance on the main dashboard.
- Just click "Add money to your balance" on the following page.
- Then, link your bank account to your PayPal account by following the on-screen prompts. To do this, you can either use an online banking service or physically visit your bank.
- Money transferred via PayPal typically reflects in a user's account within 3–5 business days. When the transaction has been finalized, PayPal will notify you via email.
Using this service is free of charge thanks to PayPal. However, there may be transfer fees imposed by your bank.
Avoid unpleasant post-transfer surprises by verifying this information with your bank before making any payments.
Method 2: Funding via the PayPal mobile app
The PayPal mobile app is another easy and quick way to fund your account.
Made specifically to facilitate adding funds to your PayPal balance
The app can be downloaded from both the Apple App Store and Google Play.
Here's how you can add money to your PayPal account from a linked bank account using the PayPal mobile app:
- You should launch the program on your mobile device.
- Choose the "PayPal Account" option.
- Choose "Add Funds"
- Specify the exact sum you wish to deposit into your PayPal account.
- Proceed with the application as directed to complete the transfer.
Three, fund your PayPal account with a Cash card.
People in the United States who have a PayPal Cash Plus account are the only ones who can use this feature.
It costs $4 USD. 95 to make use of this service
A PayPal Cash card functions similarly to a debit card, allowing you to make purchases with your PayPal balance instead of your bank account or credit card.
You can also use it to top off your existing PayPal account.
- Initiate a PayPal Cash card account today. In the next 7-10 business days, after PayPal has processed your request, you will receive a card in the mail.
- Initiate the use of your PayPal Cash card once it arrives. This can be done on any device with an internet connection.
- To check your balance, launch PayPal and select "PayPal balance."
- You can add cash by selecting the 'Add Money' option.
- Find a store near you that accepts PayPal Cash and visit there. Next steps should be taken only when you are relatively close to the destination. You will generate a barcode and have exactly one hour to complete the transaction at the chosen location. You'll need to make a new barcode if you don't make it there in time.
- In order to generate a barcode, select the option to do so near the screen's footer.
- Display the barcode for the cashier to scan and finalize your purchase. If you use PayPal, you can expect to receive your payment within 15 minutes.
Fourthly, have loved ones send money to your PayPal account.
If you can't fund your PayPal account from a traditional banking institution, this is a great alternative.
To add to your PayPal balance, you can also have friends and family send you money online using the same service.
When you receive payment, the amount will be added to your PayPal balance.
Just make sure the sender has your PayPal email address before you can receive funds.
This will ensure that the funds are transferred promptly and accurately.
One potential drawback is that the person sending you money may have to pay a fee.
No fees will be charged to you if the sender uses their own PayPal account to pay you, either from their balance or a linked bank account, and in the same currency as you.
Sending money to your account with a credit or debit card, however, will incur fees.
Depending on the currency they are sending, they may also have to pay a fee to cover the cost of the currency exchange.
Because of this, international money transfers tend to be more expensive.
Adding funds to your PayPal balance seems to be broken, but we can't tell you why.
If you've tried adding funds to your PayPal account multiple times without success, there are a few possible causes:
- No PayPal Cash or PayPal Cash Plus account has been established for you.
- This account of yours has been restricted in some way.
- Your location does not support this functionality at this time.
Using our comprehensive guide, which outlines several options for withdrawing funds from your PayPal account, you can do so quickly and easily.
Although PayPal is a quick and easy way for consumers to send and receive money online, it is not the best option for business owners.
You can open a business account in Hong Kong or a foreign account with full IBAN and SWIFT codes through Statrys.
By using our hedged-FX exchange service, you'll be able to make more informed payments in foreign currencies. Applying for an account with Statrys is easy and convenient because it can be done entirely online.

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