In an earlier post, we talked about how you can transfer money from PayPal to GCash. Today, we’re going to discuss the opposite: transferring money from your GCash account to your PayPal account.
From time to time, you may want to purchase an item online, and the only payment method available is via PayPal. But what if you don’t have enough money in your account? You can always ask a “trader” to convert your GCash fund into PayPal balance, but the “exchange fee” is usually high. Or worse, you could even get scammed by a third-party service provider!
Fortunately, there is a way for you to transfer money from GCash to PayPal, without having to transact with any third-party traders. All you need is: (a) your GCash account; (b) your GCash MasterCard; (c) your primary PayPal account; and (d) a secondary PayPal account. Keep on reading to learn more about it!
You may want to read:
How to Register and Verify PayPal Account
How to Cash-In Your GCash Wallet
Transferring Funds from GCash to PayPal
Before anything else, let’s talk about why you’ll need primary and secondary PayPal accounts for this process. The primary PayPal account is where your GCash MasterCard will be linked. Meanwhile, the secondary PayPal account is where you will be sending money via GCash MasterCard, before transferring money back to the primary account.
In other words, the secondary PayPal account will simply act as a “channel” for facilitating the fund transfer from GCash to PayPal. Although the primary account is your personal account, the secondary account could be yours (remember that you can have one Personal and one Business account with Paypal) — or it could be a trusted friend’s Paypal account.
If all of this sounds complicated right now, don’t worry because we have put together a basic guide on transferring money from GCash to PayPal.
Steps for Transferring Money from GCash to Paypal
The process may be summarized into three major stages: (a) linking a GCash MasterCard to the primary PayPal account; (b) sending money to a secondary PayPal account; and (c) transferring money back to the primary PayPal account. The steps for each stage are presented below.
Linking a GCash MasterCard to the Primary PayPal Account
- Log in to your primary PayPal account and select “Wallet” on the main menu. Then, click “Link a Card.”
- Enter your GCash MasterCard information (e.g. card number, date of expiration, and security code).
- Select “Link Card” to link your GCash MasterCard to your primary PayPal account.
Sending Money to a Secondary PayPal Account
- Log in to your primary PayPal account and choose “Send & Request” on the main menu.
- Enter the email address of the secondary PayPal account, then click “Next.”
- Enter the amount of money that you want to send, then click “Continue.”
- The screen will display a list of linked cards and banks. Select “G-XCHANGE Bank” as your funding source, then click “Next.”
- Review the payment details, then click “Send Payment Now.”
- PayPal will transfer the money from GCash (through your GCash MasterCard) to the secondary PayPal account. You will receive confirmation messages about the successful transfer via email and SMS.
Transferring Money Back to the Primary PayPal Account
- Log in to the secondary PayPal account and select “Send & Request” on the main menu.
- Enter the amount of money that you want to send, then click “Continue.”
- Select “Personal,” then click “Continue.”
- With the PayPal balance as your default funding source, click “Next.”
- Review the payment details, then click “Send Payment Now.”
- PayPal will transfer the money from the secondary Paypal account to your primary PayPal account. You will receive a confirmation message via email about the successful transfer. That’s it!
Some Final Thoughts
As you can see, transferring funds from GCash to PayPal can take some time and effort on your part, but it is possible nonetheless. As more and more Filipinos are beginning to use PayPal these days, we can only hope that the fund transfer process would become faster and more straightforward in the near future.