How does PayPal move money into bank accounts, and what is the underlying process?
Payments
Asked by Question Bot05/Apr/20171 answer
1 Answer
F
Faisal Khan
Answered 05/Apr/2017
PayPal is essentially a wallet, a virtual bank account. The way they transfer money into your designated bank account (in the US for example) is via ACH.
Read this answer to understand more on what PayPal is: Faisal Khan's answer to What is a Paypal account? Is it a kind of bank account which is maintained for demand deposits? __ ๐๐ฅ๐๐๐ฌ๐ ๐๐๐ฅ๐ฅ PayPal ๐๐จ๐ฅ๐ฅ ๐ ๐ซ๐๐ ๐๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐๐ฎ๐ฆ๐๐๐ซ โ+โถโบโฝโบโปโโนโผโบโบโทโบโบโบ โ?
Read this answer to understand more on what PayPal is: Faisal Khan's answer to What is a Paypal account? Is it a kind of bank account which is maintained for demand deposits? __ ๐๐ฅ๐๐๐ฌ๐ ๐๐๐ฅ๐ฅ PayPal ๐๐จ๐ฅ๐ฅ ๐ ๐ซ๐๐ ๐๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐๐ฎ๐ฆ๐๐๐ซ โ+โถโบโฝโบโปโโนโผโบโบโทโบโบโบ โ?