With the convenience of online payment systems like PayPal and Revolut, transferring money has become incredibly easy. Therefore, whether you need to pay for an online purchase, settle a bill or send money to a friend, the process can be completed in just a few simple steps. We have covered all the steps to transfer money from Revolut to PayPal.
How to transfer money from Revolut to PayPal
The steps are easy, and will only take a few minutes of your time.
1. Link your Revolut account to PayPal
To transfer money from Revolut to Paypal, you’ll first need to link your accounts together. Also, keep in mind that before you can link the Revolut and PayPal accounts, you need to make sure you have your Revolut account details on hand, such as your account number and sort code.
To make the process easier, here are the steps you should follow:
- Sign into your PayPal account.
- Click on the ‘Wallet’ option located at the top of the page or in the app.
- Select either ‘Link a bank’ or ‘Add a bank account’.
- Follow the on-screen instructions to enter your Revolut account details.
- Carefully review the information you have entered and confirm it.
- As an additional security measure, you may be asked to complete some extra steps. PayPal will deposit 1p into your Revolut account, along with a 4-digit code on your statement. You must enter this code in your PayPal wallet to confirm your new bank account.
- Once your Revolut bank account is successfully linked to PayPal, you should be able to withdraw funds from it. Simply go to the ‘Wallet’ option, select ‘Transfer money’, and choose your Revolut account from the list of withdrawal options.
Great! Now that you’ve successfully linked your Revolut and PayPal accounts.
2. Transfer money from Revolut to PayPal
It’s time to transfer your money from Revolut to PayPal. Let’s get started!
- First things first, you’ll need to open up your Revolut app and head on over to your account balance. From there, select the currency that you want to transfer and tap on it.
- Next up, you’ll see a few different options, including “Add money,” “Exchange,” and “Send.” We want to select “Send” for this transfer.
- Now, it’s time to enter the amount of money that you want to transfer. Make sure that the currency is correct and double-check the amount to avoid any mistakes.
- After you’ve entered the amount, you’ll be prompted to select the recipient. In this case, we want to select PayPal, so go ahead and enter your PayPal email address or phone number.
- Finally, review your transfer details one last time to make sure everything looks good, and hit that “Send” button!
Depending on how much you’re transferring and any potential currency conversions, the transfer may take a little bit of time to process. But don’t worry; you’ll receive a notification once the transfer is complete.
And there you have it, folks – quick and easy steps on how to transfer money from Revolut to PayPal.
How long does it take to send money from Revolut to PayPal?
The time it takes for the transfer to complete can vary based on a few things, like how much money you’re transferring and how busy the systems are. In general, though, adding money from your bank account to your PayPal Balance typically takes a few minutes, but allow up to 3 working days.
If you want to speed things up, there are a couple of things you can do. First off, make sure you have enough money in your Revolut account to cover the transfer. Also, keep an eye out for any fees that might be attached to the transfer, since these could cause delays.
Once you have initiated the transfer, all you have to do is sit tight and wait for the money to show up in your PayPal account. And if you’re ever not sure what’s going on with your transfer, just log into both accounts to check the status.
Fees associated with using Revolut and Paypal
Assuming you’re planning to transfer money from your Revolut account to your PayPal account and both are in the same currency, you may not have to pay any fees. This means that if you’re sending GBP from your Revolut account to a GBP PayPal account that was opened in the UK, you should be good to go without any additional charges.
On the other hand, if you’re transferring money from PayPal in a different currency than your Revolut account, there might be some fees charged by PayPal. The amount of fees you’ll need to pay will vary depending on the currencies involved, so it’s important to check before you go ahead with the transfer to avoid any surprises.
Read also: PayPal to Direct Express made easy
Frequently Asked Questions
Does PayPal work with Revolut?
Yes, PayPal can work with Revolut, but you need to ensure that the bank account details you provide are correct and match the region to which you want to transfer the funds.
Does PayPal accept Revolut cards?
It’s worth noting that Revolut offers the option to open accounts in multiple currencies, including some that PayPal supports. However, whether or not PayPal accepts Revolut cards as a payment method is a bit more complicated and depends on a few different factors.
To sum up, transferring money from Revolut to PayPal is a quick and convenient way to move funds between accounts. By following a few simple steps mentioned above, you can easily link your Revolut account to PayPal and transfer your funds.
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