We are gradually diving into a digital era.
Digital wallets are trending in the financial industry and gradually overtaking traditional payment methods.
And money transfers have now become even easier thanks to these mobile wallets.
You no longer need to visit a bank branch just to transfer funds—all you need to do is download these apps, open an account, and start managing your finances the way you want.
PayPal is an international money transfer app that allows people to send and receive money to and from any part of the world.
GCash, on the other hand, is a mobile (or call it digital) wallet that lets you complete your everyday transactions.
If you're using these two apps to manage your finances, then there's a possibility that you might have wondered how to transfer money between the two apps.
To help you out, we've compiled steps you'll need to send money from PayPal to GCash.
Table of Contents
Can You Send Money from PayPal to GCash?
Yes, you can send money from PayPal to Gcash.
What's great with GCash is, they let you link your PayPal account directly to your GCash account.
Once linked, you will be able to transfer money from your PayPal to your GCash account whenever you need it.
Also Read: How To Send Money In GCash Without Verification
How Do I Link My PayPal to GCash?
Linking your PayPal account to GCash is very easy and can be done within 24 hours or in real-time.
However, you'll need to meet some requirements to link your two accounts.
What are the Requirements to Link PayPal to GCash?
GCash requires users to meet some eligibility requirements before they can link PayPal to their GCash accounts.
These requirements include:
- Your GCash account must be fully verified.
- Your first and last name on PayPal must be identical to your first and last name on your GCash account (e.g. Juan Dela Cruz and Juan De La Cruz will not match). Both accounts must be owned by the same person.
- Your nominated email must match your login credentials for PayPal
- The PayPal account must be set up in the Philippines.
- Remove your withdrawal limit on PayPal by verifying your credit card or bank account. This step should be completed before cashing in via PayPal to GCash.
- To cash in from PayPal, users must first link their PayPal account to GCash.
How To Send Money From PayPal To GCash
Transferring money from PayPal to GCash is very easy and straightforward.
What is great with these transfers, unlike transfers involving other apps is the transfer can be completed directly.
However, there are three steps to send money from PayPal to GCash.
Step 1: Link PayPal to GCash Account
When looking to send money from PayPal to GCash, the first thing you'll want to do is to link the two apps together.
To do so:
- Log in to the GCash app and tap on "Profile" in the bottom right corner of the screen.
- Select "My Linked Accounts."
- Tap "PayPal" and provide your PayPal email.
- When done, tap "Link".
- Tap "Authorize" on the next screen that comes up.
- You'll be taken to PayPal's login page where you'll have to provide your username and password.
- Confirm your mobile number and tap "Continue". An OTP will be sent to your registered number for verification.
- Linking Complete. Once linking is successful, you will now be able to add funds from your PayPal account to your GCash wallet.
If the linking was successful, you'll receive an email from PayPal indicating "You've signed up for a preapproved payments plan to G-Xchange, Inc."
This preapproved payment plan allows GCash to temporarily transfer money from your PayPal account to your GCash account up to USD 2,000 (about PHP 100,000). You may be required to relink your PayPal account if you have cashed in a total value of PHP 100,000 from PayPal.
Step 2: Send Money from PayPal to GCash
Once you've linked your PayPal and GCash accounts together, then you're ready to send money from PayPal to GCash.
To do so:
- Log in to the GCash app — Select "Cash In" on the dashboard. Then, under the "Global Partners and Remittance" tab, select "PayPal".
- Enter an amount — Indicate the amount you wish to add to your wallet (minimum ₱500.00). When you tap next, confirm the amount for cash in.
TIP: For seamless transactions, convert your PayPal funds into Peso (PHP) to proceed with withdrawal. If you currently do not have Philippine Peso added as a currency, log in to your PayPal account to add the new currency balance. - Cash in Processing — A screen will be prompted to notify that the transaction is in progress. Most transactions are instant or will be processed within the next 24-48 hours.
- Email Notification — You will receive an email that your PayPal account has been debited with the cash-in amount.
- SMS Confirmation — You will receive an SMS notification once the funds have been successfully cashed into your GCash wallet. Please wait for 24-48 hours for the transaction to be completed.
Step 3: Spend Your Money On GCash
Once you've transferred your money from PayPal to GCash, you can start using it for the transactions that matter to you and spend it the way you want.
What is PayPal and How Does it Work?
PayPal users can send money to friends, family, business contacts, and others with ease. You must first create a PayPal account before you can begin sending and receiving money. PayPal accounts are free to open and require only an email address and some basic information.
You can send and receive money from anyone else who has a PayPal account once you have one. If you're sending money to someone who doesn't have a PayPal account and they ask, "What is PayPal?" you can show them how to create one for free.
Sending money to family and friends is completely free. If you use PayPal to send money as part of a business transaction, you will be charged a small processing fee.
Paying for eBay auction winnings is one of the most prevalent uses of PayPal. While it is not needed to pay for your eBay auction with PayPal, it is a typical practice due to the two companies' partnership. In 2013, PayPal bought Venmo, another online peer-to-peer payment business.
This implies that your online payment is processed by the same business regardless of whether you use PayPal or Venmo.
What is GCash and How Does it Work?
GCash is a mobile wallet, mobile payment, and branchless banking service in the Philippines.
Mynt (formerly Globe Fintech Innovations) is a joint venture between Ant Group, an affiliate of Alibaba Group and the operator of the world's leading open digital lifestyle platform, Alipay; Ayala Group of Companies, one of the Philippines' largest business conglomerates; and Globe Telecom, one of the Philippines' largest telecommunications companies (GCash is under 917Ventures on Globe's side). It was launched in 2004.
GCash is a mobile app that you may download to any of your devices, including your smartphone or tablet. You can use it to pay bills, buy goods and services, and even send and receive money from anywhere.
What Can You Do With GCash?
GCash elevates convenience to a whole new level. Because the app allows you to do so much, it has essentially eliminated the hassles of fighting the heat—or rain—in Manila traffic, as well as long lineups and wasted time.
You may invest more in the things that matter infinitely more: family, friends, passions, and health with the hours you save.
Pay Bills
GCash makes standing in long lines at payment centers a thing of the past. You've completed your financial obligations with a single tap on your screen.
Without breaking a sweat, you may pay your utilities, credit card bills, government bills, loans, and even education fees using the app.
To make things even easier, GCash lets you keep your favorite billers and invoicing information on the app, as well as create a monthly reminder to ensure you never miss another payment deadline! There's also the odd rebate.
Save Money
Building up your savings with GCash's GSave will provide you with more security and financial flexibility.
GSave makes money-saving more accessible and simple for both banked and unbanked people. GSave doesn't require you to keep balance, so don't worry about it.
Furthermore, consumers can earn 3.1 percent interest on any amount they put in. Within the app, you may watch your savings develop quickly.
You can also use the GSave feature to schedule auto-deposits so that you don't forget to save regularly.
Plant a Tree
On GForest, you can plant virtual trees like Avocado, Guyabano, Yakal, and Narra, which have real-life counterparts. Every time you use GCash for a transaction, whether it's to buy something, send money, or pay bills, you'll be awarded "green energy points," which you can save up and use to "plant" a tree, thanks to Globe's initiative.
By gathering energy points to plant additional trees and contribute to the country's natural resources, you can make every day Earth Day with GForest.
Book Movies
Take control of your leisure time by booking a seat at any of our partner cinemas as early or as late as you wish. Skip the line and head straight to your favorite Ayala Malls, SM Supermalls, and Uptown Bonifacio theaters.
Transfer Money
Are you concerned about the costs your bank charges when you transfer or send money from one account to another? Get the GCash app now! You can send money in real-time to anyone or any of our partner banks.
You may send money from your digital wallet to any partner bank using the Send Money To Bank Account tool, which eliminates the need for several banking apps!
Be aware that sending money via bank transfer will cost Php15 starting November 2020. Meanwhile, GCash allows you to send money to another GCash wallet without incurring any additional fees, regardless of which network you're on.
Cash Out/Withdraw Cash
If you've accumulated a considerable amount of GCash, you can cash it out at partner locations, transfer it directly to your bank account, or withdraw it with your GCash card from any Bancnet ATM.
Use GCredit
Consider GCredit to be a personal credit line for the app. You can use it to pay bills or shop now and pay later at partner retailers.
However, this function is only available to fully authenticated users who have improved their GScore to a particular level—so use the app frequently! Your transaction limit will increase as you make more transactions.
These are just a few of what GCash has to offer. To know more about what they offer, check out this article.
How To Transfer Money From PayPal To GCash Without Linking
Unfortunately, you cannot transfer money from PayPal to GCash without linking both apps together. The linking plays a big role in securing your funds when they are being transferred.
What is the Minimum and Maximum Amount I Can Transfer from PayPal to GCash?
The minimum amount you can transfer from PayPal to GCash is ₱500.00 meanwhile, the maximum amount you can transfer from PayPal to GCash is USD 2000 or ₱100,000.
Frequently Asked Questions
Can I transfer money from PayPal to GCash?
Yes, you can transfer money from PayPal to GCash in no time. However, you'll need to make sure your PayPal and GCash accounts are verified and linked together, and also confirm you have enough funds to cover the transfer.
How do I transfer money from PayPal to GCash instantly?
To transfer money from PayPal to GCash, you'll need to link your PayPal account to Gcash and make sure you have enough funds to cover the transfer.
Why i can't transfer my money from PayPal to GCash?
If you're unable to link and transfer money from PayPal to GCash, make sure the email you provided for PayPal matches your PayPal login details. Also, make sure you have enough funds in your PayPal account to cover the transaction.
Final Thoughts
GCash is an amazing app that lets you pay bills, save money, transfer money, and do lots of other things.
GCash lets its users link their PayPal to their GCash accounts in order to move funds from PayPal to Cash App.
Keep in mind that you cannot transfer money from PayPal to GCash without linking both apps.
References:
https://www.rockethq.com/learn/personal-finances/what-is-paypal
https://en.wikipedia.org/wiki/GCash
https://www.globe.com.ph/go/technology/article/gcash-everything-you-need-to-know.html
https://help.gcash.com/hc/en-us/articles/360019948834-How-do-I-link-my-PayPal-to-GCash-
https://help.gcash.com/hc/en-us/articles/360020281973-How-do-I-cash-in-with-PayPal-