How to send money from Cash App to PayPal?

How to send money from Cash App to PayPal? As digital payment solutions continue to grow in popularity, more users are turning to various platforms, with Cash App and PayPal being two of the most widely used. While these apps operate independently and have limited direct integration, it's essential to find the most effective method for transferring funds between them. Here’s a step-by-step guide on how to move money from Cash App to PayPal.

Can you connect Cash App accounts to PayPal ones to make transfers?

Payments now know no boundaries. As digital payment systems have transcended geographical limits, allowing for seamless transactions across the globe, users are increasingly looking to expand their payment capabilities to include international transactions.

For users in the US, Cash App has become a go-to option for fast, easy, and convenient transactions. Its appeal lies in the simplicity of its interface, the ability to send and receive money instantly, and its additional features like direct deposit and the option to invest in stocks and Bitcoin. However, Cash App is primarily focused on U.S. transactions, which limits its reach for those looking to engage in international payments. 

On the other hand, PayPal is globally recognized for its extensive international coverage, especially with its broad acceptance on various e-commerce platforms such as Amazon, Alibaba, etc. PayPal enables users to transfer money across borders in multiple currencies, making it ideal for both personal and business transactions around the world. 

With the given distinction, many users are now interested in how to send money from Cash App to PayPal. Unfortunately, there is no direct way to transfer funds from Cash App to PayPal, but there are two alternative approaches to get around this limitation.

How to send money from Cash App to PayPal?

Cash App and PayPal aren’t directly compatible. There is a simple workaround for this, which is to link one bank or credit union account to both Cash App and PayPal. 

Whenever you want to transfer the funds from Cash App to PayPal, simply withdraw from Cash App to your bank, and then use the money to fund your next PayPal payment from that same bank account. In this case, you account acts as a middleman, holding the funds until you're ready to transfer them.

How to link a bank account to Cash App

Linking a bank account to Cash App is a simple process. Here’s how:

• Log onto Cash App and go to your Profile, usually in the upper right corner of the app

• Go to “Linked Banks”, choose “Add Bank” or “Link Bank” option

• Enter bank details (typically account number and routing number)

• Confirm and link

Once this is ready, you can cash out your balance by following these steps:

• Money tab on your Cash App home screen

• Press Withdraw under your Cash Balance

• Enter amount then click Continue

• Select bank transfer speed

• Confirm with PIN or Touch ID

How to link a bank account to PayPal

When your balance is deposited to your linked account, start linking PayPal to your account by following these steps:

• Log in to your PayPal account and go to “Wallet”

• Click “Link a bank” and choose your bank

• Enter your bank details

• Confirm the bank

Now, once the bank linking is complete, you can transfer the funds by going to PayPal and choosing “Add Money”. Then select the amount and the funds will be transferred to your PayPal account.

How much does it cost to send money between Cash App and PayPal?

The potential costs for sending money between Cash App and PayPal depend on the methods used for transferring via a linked bank account. These costs include:

Cash App fees

Cash App provides two options for cashing out funds to your bank account, including Free Standard Cash Out and Instant Cash Out. 

If you need the funds immediately, Cash App offers an instant cash-out service with fees ranging from 0.5% to 1.75%, depending on the transaction, with a minimum charge of $0.25.

PayPal fees

Similar to those of Cash App, when cashing out from PayPal, the fees vary based on the method and speed of transfer. It’s free if you use Standard Bank Transfers, but it would take 1-3 business days for the funds to be in your bank account. 

For immediate transfers, PayPal charges a fee of 1.75% of the transfer amount, with a minimum fee of $0.25 and a maximum fee of $25 per transaction. 

Overall, the transferring between Cash App and PayPal can take up to 5 days if you opt for the free plan. Alternatively, you can choose instant withdrawal for a fee. This is available with both Cash App and PayPal.

If you're withdrawing to a linked bank account outside the U.S., PayPal may impose additional fees for currency conversion. These fees can amount to 5%, with charges ranging from $0.99 to $4.99, plus any necessary currency conversion fees. When currency conversion is required, the additional charge is typically 3% or 4%, depending on the specific circumstances.

Pitfalls to avoid when transferring money from Cash App to PayPal

Transferring money from Cash App to PayPal can be a convenient way to manage your finances, but there are several pitfalls to avoid to ensure a smooth transaction. Here are some key points to consider:

• Neglecting security measures: Cash App and PayPal are popular targets for fraudulent activities. Make sure that you use strong passwords, you two-factor authenticator and avoid clicking on links or providing personal information.

• Ignoring fees: Costs associated with cashing out from Cash App and PayPal transactions range from free standard transfers taking 1–3 days to instant withdrawals that may incur fees from 0.5% to 1.75%. Be aware of those costs to make sure they wouldn’t reduce the amount you receive in your PayPal account.

• Overlooking transfer times: Cash App provides standard withdrawals that take 1–3 days and instant withdrawals for a fee. However, once the funds reach your bank, transferring to PayPal may take an extra day or two. Plan accordingly if you need the funds quickly to avoid cash flow issues.

In conclusion, understanding how to send money from Cash App to PayPal is essential for effective financial management. This can be done efficiently by linking a bank account to both platforms. Withdraw funds from Cash App to your bank and then use that amount to fund your PayPal account. Be mindful of any fees and transfer times to ensure a smooth transaction.