How to Buy PayPal Balance and Why You Should Do It
PayPal is one of the most popular and convenient ways to send and receive money online. Whether you want to shop online, pay bills, donate to a cause, or send money to friends and family, PayPal makes it easy and secure. But what if you don’t have enough money in your PayPal account to cover your transactions? Or what if you want to have some extra cash on hand for emergencies or savings? That’s where buying PayPal balance comes in.
Buying PayPal balance means adding money to your PayPal account from another source, such as your bank account, debit card, or cash. By buying PayPal balance, you can increase your spending power, avoid overdraft fees, earn rewards, and enjoy more flexibility and convenience. Here are some of the benefits of buying PayPal balance and how to do it.
Benefits of Buying PayPal Balance
More spending power: Buying PayPal balance allows you to make larger or more frequent purchases without worrying about running out of money or exceeding your credit limit. You can also use your PayPal balance to pay for things that may not accept credit cards, such as some online services or international transactions.
Avoid overdraft fees: Buying PayPal balance can help you avoid overdraft fees from your bank if you don’t have enough money in your checking account to cover your PayPal transactions. You can also avoid interest charges from your credit card if you pay with your PayPal balance instead of using credit.
Earn rewards: Buying PayPal balance can help you earn rewards from your bank or debit card provider, such as cash back, points, or miles. You can also earn rewards from PayPal itself, such as cash back or discounts on select purchases, if you have the PayPal Debit Card or the PayPal Cashback Mastercard.
More flexibility and convenience: Buying PayPal balance gives you more control over your finances and how you use your money. You can choose when and how much to add to your PayPal account, and you can access your money anytime, anywhere. You can also use your PayPal balance to send money to friends and family or to shop online at millions of merchants worldwide.
How to Buy PayPal Balance
There are different ways to buy PayPal balance depending on your preferences and availability. Here are some of the most common methods:
Add money from your bank account: You can add money to your PayPal balance from your confirmed bank account by logging in to your PayPal account on the web or the app, going to your Wallet, clicking Transfer Money, choosing “Add money from your bank”, entering the amount, and choosing either “In seconds with debit” or “In 3-5 days with your bank”. This method usually takes up to 5 business days (excluding weekends and holidays) and has no fees.
Add money from your debit card: You can add money to your PayPal balance from your Visa or Mastercard debit card by following the same steps as adding money from your bank account, but choosing “In seconds with debit” instead of “In 3-5 days with your bank”. This method is instant and has a fee of 1% of the amount transferred (up to $10).
Add cash: You can add cash to your PayPal balance at over 90,000 locations nationwide using the PayPal Debit Card or the app. To do this, you need a PayPal Balance account and either the card or the app. Then, you can go to a participating retailer (such as CVS Pharmacy, Dollar General, Rite Aid, 7-Eleven, Walgreens) and scan a barcode generated by the app or swipe your card at the register. You can add up to $500 per day with a fee of $3.95 per transaction.
Buying PayPal balance is a smart way to make the most of your money and enjoy the benefits of using PayPal. Whether you want to shop online, pay bills, donate to a cause, or send money to friends and family, buying PayPal balance can help you do it faster, easier, and safer.