How Long Does It Take for PayPal to Transfer Money?

Here's how long it takes for PayPal to process your transaction.

PayPal is one of the most used payment services all across the globe. Most people use PayPal to do online shopping or send money internationally to anyone. If you are new to PayPal then you might have some doubts like how long does it take for PayPal to transfer money to your bank account or to other PayPal accounts.

We will discuss everything in detail in this article. By the end of the article, you will have clear clarity on things like:

  • How long does it take for PayPal to transfer money to your bank account?
  • How long does it take for PayPal to transfer money to another PayPal user?
  • How long does it take to do merchant payment via PayPal?

We will answer a whole lot of other questions as well.

How long does PayPal take to transfer money

PayPal is one of the most used services and processes millions worth of transactions every day. When compared with other alternatives like Payoneer, the fee is a little to the higher side when it comes to PayPal.

So, let’s get started.

How Long Does It Take for PayPal to Transfer Money to Your Bank Account?

PayPal to bank account transfer takes quite a bit of time. It varies between a single day to a couple of days. As per the official documentation, it can take anywhere up to 5 working days for the fund to reflect on your local bank account. The duration may extend even further if there are any federal holidays or bank holidays in between.

Out of all transfers available on PayPal like PayPal to PayPal, PayPal to Merchant, etc, PayPal to your bank account transfer is the slowest.

If you are from a country like the US or UK, you can keep your money in your PayPal wallet. But when it comes to countries like India, you cannot keep your money in your PayPal account. All the funds in your PayPal wallet will be automatically transferred to your bank account in less than 24 hours.

So, in short, it can take up to 5 days for the amount to arrive in your bank account. Also, take into consideration the working days and holidays as well. If a holiday falls in between, then it will take even longer.

If you haven’t received your money even after 5 days, get in touch with your bank and ask them for the same. You might be asked to submit some sort of transaction ID like the UTR ID to track the payment.

How Long Does PayPal to PayPal Transaction Take?

Now, let’s take a look at PayPal to PayPal transaction time. PayPal lets any users send and receive money from users in the same country as well as other countries. If it is an international transaction then the currency conversion will be taken care of by PayPal itself.

If you are a freelance worker or a person who participates in various affiliate programs then chances are, most of the time, you will be paid via PayPal or Payoneer.

And as for the time, PayPal to PayPal transactions are almost instant. As soon as the other person sends the money, the same will be reflected in your account at the same time. It’s one of the fastest payments in PayPal. Since the whole transaction happens within PayPal and no external banks or other institutions are involved, PayPal to PayPal transactions are instant.

Also do note that if PayPal found any sort of suspicious payment activity then they might put your payment on hold. You will be contacted by them for verification and once cleared the payment will be released which then can be transferred to your bank account.

Is The Time Taken Same for Normal and International Transactions?

You might be wondering if the time taken for international and local payment is different? Well, no. It doesn’t matter if the transaction is international or happens in the same country. PayPal to PayPal money transfer is always instant. Even if someone sends you money in a different currency, the same will be converted and shown in your currency.

You can find all details like the currency conversion rate, fees, etc from your PayPal dashboard.

PayPal to Merchant Transaction

As you might already know, a lot of leading e-commerce stores and online merchants accept payments via PayPal. PayPal’s payment gateway is pretty popular and is used by a lot of businesses around the globe.

If you do a PayPal transaction on any merchant website/app, those payments are also instant, subject to confirmation from the merchant. As soon as the payment is captured, the same will be reflected on the merchant’s website.

PayPal Payment Processing Time

Now you might have got a general idea of how long does it take for PayPal to process or send your payment. There are different types of transactions that can be done in PayPal. It includes PayPal to PayPal money transfer, PayPal to bank account, PayPal to the merchant, etc.

I have managed to include the duration it takes for all kinds of payments done in PayPal. In some countries like India, PayPal won’t hold the money in its wallet, instead, it will be auto-transferred to the bank account in 24 hours.

Astro K Joseph
I am Astro and here at IPEE World I write about various Technology content including News, Guides, and Reviews