Do you have any assets available on Cash App? That isn’t always the best place to keep your assets. There are many well-established finance apps available around, like PayPal. This guide will show you how to transact assets from Cash App to PayPal.
About Cash App
Cash App is a famous online payment mobile app that offers a free, rapid, and simple way to transfer and request assets online. Like a savings account, Cash App provides its customers a Cash Card to make online payments utilizing the assets accessible in their Cash App account. Furthermore, the Cash App lets users invest in Bitcoin and stocks.
About PayPal
PayPal is a well-known digital financial service platform that lets you receive and transfer assets or make payments via a safe online account. Simply put, PayPal is a virtual wallet where users can keep their assets as the PayPal balance. Also, you can add your cards, savings, and checking accounts.
PayPal lets you transfer assets to others using their mobile number or email addresses. The assets will reach their PayPal account in a few seconds. Also, you can utilize PayPal to pay for online purchases and in-store. When you make a purchase, PayPal provides you the purchase now & pay later option with PayPal Pay.
Is It Possible to Transfer Assets from Cash App to PayPal?
You can transact assets from Cash App to PayPal, but it’s not that easy. We tried utilizing different methods, like using the PayPal card as a transaction method on Cash App and utilizing the Cash App Cash Card to deposit assets on PayPal. Nothing works.
There are multiple methods to transact assets, from Cash App to PayPal. However, it will need patience and a bit of work. Let’s check out the possible ways in the guide.
How to Transfer Assets from Cash App to PayPal
To a certain extent, these are the only methods users have been able to transact assets from Cash App to PayPal. Let’s begin the process.
Method 1: Connect a Bank Account to Cash App and PayPal
This method is more clear and successful for transacting assets from Cash App to PayPal.
Connecting a Bank Account to Cash App
- Launch the Cash App and hit the Profile tab.
- Then, tap the Linked Banks button.
- Next, hit Link Card > No Card.
- After this, select your financial institution from the available list.
- Follow the prompts.
Connecting a Bank Account to PayPal
- Visit PayPal.com and sign in.
- Hit Pay & Get Paid > Bank & Cards.
- Then, choose the Link new bank option.
- Next, pick your financial institution and sign into it.
- Follow the prompts.
After connecting your desired savings account with Cash App and PayPal, you must follow these instructions to transfer assets to your savings account and then PayPal.
- First, you should open the Cash App on your device.
- On the homepage, hit the Asset tab.
- Tap the Cash Out option.
- Then, choose the amount you need to transact to your savings account and tap Cash Out.
- Next, choose Standard if you have set up your savings account. Also, you can utilize Instant if you have set up the debit card of your savings account, but this has a fee. Now, wait for the assets to show in your account.
- Once your assets reach your account, open the PayPal app.
- After this, choose the Add Asset option under your PayPal balance.
- Then, tap the From the bank or card tab.
- Specify the desired amount to add and tap Next.
- Next, choose how quickly you need the transaction to happen. You can select in three to five days and utilize the savings account you transact the assets to from the Cash App. Also, you can choose in seconds and pick the card connected to said savings account.
- Finally, hit the Add Now tab once ready.
Methods 2: Use the Cash App Cash Card as a mode of Payment on PayPal
Users can use the Cash Card as a mode of payment on PayPal. When purchasing using PayPal, you can choose the Cash App Cash Card as your payment method.
Users who do not have a Cash Card can get it by opening the Cash App, tapping Cash Card > Get Cash Card, and following the prompts.
Now go through the steps below to add the Cash Card to PayPal:
- To begin, open the PayPal app on your smartphone.
- On the home screen, navigate and hit the Wallet tab.
- Then, tap the + sign and choose the Debit or Credit Card option.
- After this, specify the card details and tap Link Card.
- PayPal can ask you to validate your identity. Follow the prompts to do so.
After adding the Cash Card to PayPal, you can utilize it as your payment method for the next PayPal purchase.
Method 3: Link the Cash App Bank Account to PayPal
Users can add their Cash App savings account to PayPal and transfer assets to their PayPal account from it. While Cash App isn’t a bank, it has partnering financial institutions that offer a savings account to its users.
The only limitation is that connecting the savings account to PayPal can take some days because you should do it manually. Also, transacting assets from the Cash App savings account to PayPal takes a few days; you must wait for the assets transactions from a savings account to PayPal. This way, you can save yourself an additional step because you can avoid transacting assets from the Cash App to your bank account, just to transfer it from said savings account to PayPal later.
Follow these steps to connect the Cash App bank account to PayPal and transact assets directly.
- Open the PayPal app on your device.
- Then, Login PayPal and hit the Wallet icon on the homepage.
- Next, tap the + button and choose Banks.
- Look for the random text. Utilizing the automated service, you will not find a method to connect to your Cash App savings account.
- When PayPal cannot find a bank, it shows the Enter Your Bank Details option. Click on it.
- On the next page, you should provide your savings account details and tap Link This Bank.
- After this, you must validate your account manually. PayPal will send some small deposits to the Cash App savings account. It will take some days.
- Launch the app and note the amounts when you obtain two deposits in the Cash App.
- Now, return to the PayPal app and choose the Wallet tab.
- Choose the Cash App savings account read as Sutton Bank.
- Next, you should find the option for validating your account, specify the two amounts, and go through the steps to connect the savings account to PayPal.
- After verifying the Cash App account, you can add assets to the PayPal account by moving to the PayPal app and choosing Finance > Add Asset From Bank or Card.
- Then, provide the amount and tap Next.
- Choose in 3-5 days.
- Hit the Change tab and ensure you have selected the Cash App savings account.
- If all looks correct, tap the Add Now button. Your assets will reach your PayPal account in a few days.
Also Read: How to Cancel a Cash App Payment or Request a Refund
Frequently Asked Questions
Ques: Can I use the Cash Card to add assets to my PayPal balance?
Ans: PayPal lets users add the Cash Card to their list of cards; it does not permit them to add assets to their balance with this card.
Ques: Does PayPal charge fees for transferring assets from Cash App?
Ans: Generally, zero fees are required when transacting assets from the Cash App to your savings account to the PayPal account. The only exception is if users utilize a Cash Out instant withdrawal for transacting their assets from Cash App to their savings account. Immediate transactions on Cash App cost about 0.5% to 1.75%, and there is a 0.25-dollar fee.
Ques: Can I connect the PayPal debit card to the Cash App?
Ans: Cash App does not let users add the PayPal debit card, whether they need to utilize it as a mode of payment or withdrawal. Cash App doesn’t support the PayPal card.
Ques: What is the simplest method to move assets from Cash App to PayPal?
Ans: The easiest way to transact assets from your Cash App to the PayPal account is to utilize a savings account as an intermediary. You must get the assets from Cash App to your savings account and then to PayPal.
Also Read: How to Cancel a PayPal Payment
