Yes, yes you are able to send money to yourself on PayPal and I will show you how to carry on with this process successfully.
The digital world has come with lots of financial advantages of which the most important is the ability to transfer money online and instantly.
With the coming of money transfer apps, sending and receiving money have become easier since it can be done just with a few clicks on our mobile devices.
PayPal is the most widely known money transfer app since it allows you to transfer money to and from any part of the world.
It is of no doubt that PayPal is not only one of the best international money transfer apps, but it also an anonymous payment method that allows users to send money anonymously online and this is the main reason why it is often referred to as an untraceable money transfer app.
In case you do not know, getting started with PayPal is totally free and all you have to do to start enjoying PayPal's services is a verified account and funding source.
So in this article, I will quickly answer how can I send money to myself on PayPal while also showing you how it can be done without any hassle.
Table of Contents
Can I PayPal Myself?
Yes, you can PayPal yourself.
All you need to do is to create two or more PayPal accounts and then PayPal yourself from one account to another.
Even though it is a requirement, I firmly recommend that you open each of your PayPal accounts with different credentials, and it is also important to have a different bank account linked to each PayPal account.
If you have just one bank account, then do not worry since you can open a virtual bank account with an online bank and quickly start enjoy sending money to yourself on PayPal.
However, PayPal is not compatible with most virtual banks, but there exist some virtual bank accounts which are designed specifically for PayPal verification and this can be ideal for getting verified on PayPal.
ALSO READ: How To Transfer Money From PayPal To GCash
Sending money to yourself on PayPal is possible but how can you go about this?
Transferring money to yourself (other account) on PayPal is simple as sending money to any other PayPal user - all you need is the email or phone number of your other PayPal account.
Below are the steps to follow in order to send money to yourself on PayPal:
- Click "Send & Request" at the top of the page.
- Choose from the 3 options.
- Enter the email address or phone number of the recipient account.
- Enter the amount desired to send and click "Continue".
- Review and confirm the information on the screen and then click "Send Money Now".
If your purpose for transferring money to yourself on PayPal is due to the fact that you want to move money between your two banks, then I will recommend you use other more convenient ways to transfer finds between banks such as ACH transfers.
If you have been used to PayPal then you know that sending money from one bank to another through PayPal comes with some fees and this can be relatively high depending on your bank.
I recommend ACH transfers cause they can be cheaper, more secured and reliable rather than having a second PayPal account which runs the risk of getting banned and you losing your funds alongside the account.
ALSO READ: Can I Use Cash App To Transfer Money to Myself? [Explained]
Can I Send Money to Myself On PayPal From A Credit Card?
It is against PayPal’s terms of service to send money to yourself from a credit card. This option is only available when sending money to a friend, client, customer, or business. Click to read PayPal’s full user agreement for more information.
Can You Have 2 PayPal Accounts?
Yes, PayPal allows its users to have two PayPal accounts; a personal and Business PayPal account. But you can still have two PayPal accounts if you use different information to create the second PayPal account.
Can I Send Money From PayPal to Venmo?
Yes you can transfer money from PayPal to Venmo but not directly.
Since Venmo is owned by PayPal, it may sound a little surprising to hear that you cannot directly send money from PayPal to Venmo. This is because PayPal and Venmo do not integrate.
In order to transfer money from PayPal to Venmo, you will need a bank account to serve as a mediator for the transaction.
Can I Invoice Myself on PayPal?
Yes you can invoice yourself on PayPal via the send Money feature of the app.
All you have to do is to enter your second email or phone number where necessary and then send and invoice to yourself on PayPal.
Final Thoughts: Can I Send Myself Money on PayPal
PayPal is a well known money transfer app that eases the online transfer of funds to and from any part of the world.
If you have more then two PayPal accounts, you can easily send money to yourself on PayPal by simply following the steps outlined in this article.
Frequently Asked Questions
Can I spend money on PayPal without linking a bank account or card?
No. While you don’t need a debit card or bank account to set up a PayPal account, you will need to link a bank account if you want to take cash from your PayPal balance. PayPal requires an established location to transfer money to.
Can I Send PayPal Credit to Myself?
No, you cannot use the Cash Advance feature to send PayPal credit to yourself.
How do I Sedn Myself Money Via PayPal?
Simply open the PayPal app and go to the Send Money option to send money to yourself on PayPal
Can I add money to PayPal from credit card?
Yes! You can add money to your PayPal balance using: Your Visa or Mastercard Debit Card. A confirmed bank account.