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  • FIRST POST
    • Steve Sedgeley
    • By Steve Sedgeley 3rd Mar 18, 3:44 PM
    • 4Posts
    • 0Thanks
    Steve Sedgeley
    How to turn money in Paypal account into cash
    • #1
    • 3rd Mar 18, 3:44 PM
    How to turn money in Paypal account into cash 3rd Mar 18 at 3:44 PM
    Hi,

    Not sure if this goes here so if it doesn't, my apologies and please advise me on where it would be better suited.

    So for the first time in 18 years, I'm debt free after declaring myself bankrupt to rid myself of all my debt that I'd accumulated over the years. My first debt was offered to me in the dinner canteen at my university in the form of a 0% interest credit card for students! Which looking back and having suffered for years with accruing debt since that day, I think is pretty bad of them to do to hook people into debt. Anyway, that discussion's for another day.

    My question that I really want some help with from you beautiful people is; since finishing my bankruptcy, I have started an online business and customers pay me via paypal. I want to know what are the best ways you can think of or advise me on, to be able to turn my paypal money into cash money in the real world? Yes I know you can buy many things online with paypal but there are many things you can't such as pay bills.

    Some of the things I have thought of are;

    - Prepaid Credit/Debit cards - Does anybody know of any of these that accept paypal? I've been searching but can't find any. (I've already spoken to Paypal about their Paypal Access Card and it is "Invite Only", I'm not eligible).

    - Credit cards that accept paypal as a way to pay them off - I have no idea if any credit cards do accept paypal as a method to pay the balance?

    - Buying higher value items such as cars and selling them on for cash?

    If you have any other good ideas or can help me out with how I can access my paypal account money as cash, then I would be very grateful.

    I know I can open a basic bank account but to be honest, at this stage, after all the stress and suffering I've gone through as a result of the banking/credit industry, I am now against "lending" them any more of my money at all if I can avoid it. They are set up to put us in debt and take advantage of us in the most horrible way. I prefer to keep this warm, fuzzy feeling of being debt free and completely in control of my finances thanks.

    Thanks in advance to anyone who can help with a good suggestion. I'll try and reply to all of your messages.
Page 1
    • Debt_suvivor
    • By Debt_suvivor 3rd Mar 18, 3:52 PM
    • 32 Posts
    • 8 Thanks
    Debt_suvivor
    • #2
    • 3rd Mar 18, 3:52 PM
    • #2
    • 3rd Mar 18, 3:52 PM
    I do believe PayPal do a prepaid MasterCard
    • Debt_suvivor
    • By Debt_suvivor 3rd Mar 18, 3:53 PM
    • 32 Posts
    • 8 Thanks
    Debt_suvivor
    • #3
    • 3rd Mar 18, 3:53 PM
    • #3
    • 3rd Mar 18, 3:53 PM
    But am not sure if they do them for uk that!!!8217;s all.
    • Debt_suvivor
    • By Debt_suvivor 3rd Mar 18, 3:58 PM
    • 32 Posts
    • 8 Thanks
    Debt_suvivor
    • #4
    • 3rd Mar 18, 3:58 PM
    • #4
    • 3rd Mar 18, 3:58 PM
    Just done a bit of research, it!!!8217;s called PayPal Access Card, for business accounts only I think
    • Steve Sedgeley
    • By Steve Sedgeley 3rd Mar 18, 4:02 PM
    • 4 Posts
    • 0 Thanks
    Steve Sedgeley
    • #5
    • 3rd Mar 18, 4:02 PM
    • #5
    • 3rd Mar 18, 4:02 PM
    Hi, Thanks for your reply. As I said in my thread post, I've already spoken to Paypal about their prepaid "Paypal Access Card" and it is currently "by invite only". They said they couldn't tell me if I would ever receive an invite and couldn't tell me what the criteria was, only that I wasn't currently eligible. So that doesn't appear to be an option at the moment.
    • sourcrates
    • By sourcrates 3rd Mar 18, 4:06 PM
    • 14,064 Posts
    • 13,327 Thanks
    sourcrates
    • #6
    • 3rd Mar 18, 4:06 PM
    • #6
    • 3rd Mar 18, 4:06 PM
    Using your balance to pay for goods and services, or withdrawal to a bank account, appear to be your only options then.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Free Legal advice see : http://legalbeagles.info/
    • Steve Sedgeley
    • By Steve Sedgeley 3rd Mar 18, 4:36 PM
    • 4 Posts
    • 0 Thanks
    Steve Sedgeley
    • #7
    • 3rd Mar 18, 4:36 PM
    • #7
    • 3rd Mar 18, 4:36 PM
    Thanks for your reply.

    It looks like that way at the moment which is why I posted here incase somebody had more knowledge than i do and knows something I don't. Here's hoping.
    • Tarambor
    • By Tarambor 3rd Mar 18, 5:42 PM
    • 2,874 Posts
    • 2,079 Thanks
    Tarambor
    • #8
    • 3rd Mar 18, 5:42 PM
    • #8
    • 3rd Mar 18, 5:42 PM
    You just add your bank account details to your paypal account and then you can withdraw it to your bank account.
    • Elliesmum
    • By Elliesmum 4th Mar 18, 1:03 AM
    • 1,475 Posts
    • 1,781 Thanks
    Elliesmum
    • #9
    • 4th Mar 18, 1:03 AM
    • #9
    • 4th Mar 18, 1:03 AM
    Hi

    Have you looked at the Revolut Account? Both my partner and I have one. It is a pre-paid card and my partner thinks he has transferred money from his paypal to revolut.

    HTH

    EM x
    You can discover more about a person in an hour of play than in a year of conversation.
    Plato Make 2018 in 2018 no. 37 - total = 1626.25/2018
    • tallyhoh
    • By tallyhoh 4th Mar 18, 9:11 AM
    • 2,109 Posts
    • 2,167 Thanks
    tallyhoh
    Sorry, I'm confused, why not just withdraw it to your bank account or am I missing something?
    Tallyhoh!

    Stopped Smoking October 2000. Saved 21,840 so far!
    • sourcrates
    • By sourcrates 4th Mar 18, 12:02 PM
    • 14,064 Posts
    • 13,327 Thanks
    sourcrates
    Sorry, I'm confused, why not just withdraw it to your bank account or am I missing something?
    Originally posted by tallyhoh
    I know I can open a basic bank account but to be honest, at this stage, after all the stress and suffering I've gone through as a result of the banking/credit industry, I am now against "lending" them any more of my money at all if I can avoid it.
    Originally posted by Steve Sedgeley
    OP does not like banks apparently.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Free Legal advice see : http://legalbeagles.info/
    • theoretica
    • By theoretica 4th Mar 18, 12:17 PM
    • 5,160 Posts
    • 6,412 Thanks
    theoretica
    I don't see how a prepaid card, or indeed PayPal, are all that different from a bank account in terms of the finance industry having your money.
    But a banker, engaged at enormous expense,
    Had the whole of their cash in his care.
    Lewis Carroll
    • Steve Sedgeley
    • By Steve Sedgeley 4th Mar 18, 3:22 PM
    • 4 Posts
    • 0 Thanks
    Steve Sedgeley
    Hi,
    I've checked out Revolut, and this is the kind of answer I was hoping for on here. It appears that it might accept Paypal to top it up although there are alot of people on their forum saying you can't.
    How is your experience with it?
    I don't know if you'd mind asking your husband the method he used to top the Revolut card up with Paypal, whether it was a straight topup or did he register the Resolut account as a card on Paypal and then "withdraw" the money into the Revolut account?
    Thanks for your suggestion, it's very much appreciated,

    Steve
    • LavenderBee
    • By LavenderBee 4th Mar 18, 10:35 PM
    • 270 Posts
    • 1,260 Thanks
    LavenderBee
    If you are morally opposed to big banks, could Triodos be a way to go? They are an ethical bank who make social investments, the current account costs 3 per month but there is no overdraft facility or any other fees to pay. They do not lend money, just savings, current accounts and investments. Website is: https://www.triodos.co.uk/en/personal/

    No, I don't work for them The ethical part of me has a small savings account with them. I also have a Monzo card which I love, and again isn't anything to do with any of the big banks, but I'm unsure if you can transfer a PayPal balance, might be worth a look.
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