It is one thing to receive electronic funds into your PayPal account, and definitely a different ball game to get it out as cold hard cash. If you own a PayPal account without a PayPal Debit Mastercard, then chances are you have found yourself needing the funds in your PayPal account instantly as cash. However, you ended up having to wait the normal two to three business days it takes to withdraw the funds into your attached bank account. Well, if this is the story of your life, then here is how to use MoneyGram to withdraw cold hard cash from your Paypal account within 10 minutes.
Step 1: Login into your Paypal account and determine how much you have, and how much you intend to withdraw.
Step 2: Visit paypal.moneygram.com (always manually type into browser). You will see a “Login with PayPal” button. Click it.
A secure window pops up. Make sure the url on the pop-up has “PayPal.com” at the start.
Step 3: Login with your PayPal information.
Once the authentication is successful, the pop-up closes, and the initial “Login with Paypal” button in step 2 changes to “Withdraw Cash Now”. Click it.
Step 4: Input the desired withdrawal amount into the “Receive Amount” field.
This will automatically add the applicable fee of $4.95 to your total withdrawal amount. Click “Next.”
Step 5: Review all the information and details of the transaction. If it looks good, check the “Terms & Conditions” box to agree to it, then click “Withdraw Cash.”
Step 6: Write down the “Reference Number” presented, as you will need that.
Step 7: Visit your local MoneyGram agent after 10 minutes with a valid ID and your reference number to withdraw that cold cash.
a. Daily withdrawal limit of $200, and a monthly withdrawal limit of $500.
b. Only available in the United States as of today.
c. 10 minute processing time before withdrawal can be made at agent location.
d. You can only send cash to yourself from your own PayPal account.
$4.95 per $200 sent.
There you have it. A simple way to get instant access to cash from your PayPal funds through MoneyGram. While there is a $4.95 fee, consider that equivalent to an ATM withdrawal fee, and it would seem just a little better.