Can You Send Money to Yourself with PayPal Credit?

PayPal has become a global platform for online payments and money transfers. With features like PayPal Credit, users can access a line of credit to make purchases and send money.

However, a common question that comes up lately is whether you can send money to yourself with PayPal Credit. Remember that you can send money to yourself PayPal, but it’s not straightforward. Also, there may be costs involved.

Can You Send Money to Yourself with PayPal Credit?

Using PayPal Credit for self-transfer may not qualify you for promotional financing offers. This privilege is available in the US, unfortunately not in the UK. Yet, caution should be taken when sending money to yourself with PayPal credit.

Wondering how can I use PayPal credit to send money to myself. Well, we’ve got you covered. In this article, we will explore the know-how and limitations of PayPal Credit in self-transactions. Keep reading to know more.

  • Explore different ways you can send money to yourself using PayPal credit.
  • Things to consider while sending money with PayPal credit and its limitations.
  • Whether sending money with PayPal credit is a good idea or not.
  • The way you can apply for PayPal credit.

Understanding PayPal Credit

If you are new to PayPal, the term “PayPal Credit” may be new to you. Before we dive into the details, it’s important to have a good understanding of PayPal credit.

PayPal Credit is an open-end credit card account offered by PayPal. It provides users with a reusable credit line that they can use to make online purchases. This credit line is subject to credit approval and can be used wherever PayPal is accepted.

Eligible customers can buy now online or through participating merchants and pay over time. Choose PayPal to check out and then select PayPal Credit as your payment method. Overall, it’s like having a digital credit card linked to your PayPal account.

You might also be interested in reading: How to Get PayPal Money Off Hold Without Tracking Number?

Can You Send Money to Yourself with PayPal Credit?

Generally, you can’t send money directly to yourself using PayPal Credit. PayPal doesn’t allow direct transactions from a personal account to the same account. Instead, they allow sending money to Friends and Family, bank accounts, etc.

So, sending money to yourself is a bit of an indirect process. You need to have a reliable source to transfer your amount and get it in cash. Sending money to yourself or friends and family using PayPal credit is considered a cash advance.

That is, when you use PayPal credit for money transfers, it seems like a cash advance. Cash advances typically add charges from the moment you make it. The features of PayPal cash advance to self are not preferred.

They can reject any cash advance transactions for any legal reasons. While you consider sending a PayPal credit cash advance to myself, you may need to provide interest charges.

How to Send Money to Yourself Using PayPal Credit?

As we mentioned above, there are a few ways you can send money with PayPal credit to yourself. You may not directly send PayPal money from your account to the same account. Below, we have mentioned a few methods by which you can send money to yourself.

Method 1: Send Money to a Friend or Family Member Using PayPal Credit

While you may not send money to yourself, you can transfer it between personal accounts. PayPal allows one person to have one personal account. So, you can send it to the personal account of a friend or family member.

You need to contact a friend or family member to receive the funds on your behalf. Once you send it to your friends or family, you can collect it later. Here is how you can send funds to yourself:

1] Log in to your PayPal account from which you want to send money.

2] Navigate to the “Send & Request” tab. 

3] Select “Send to Friends and Family” on the next page. 

4] Enter the mobile number or email address of the recipient. 

5] Enter the amount you want to send. Select the currency.

6] Choose PayPal Credit as your payment option.

7] Click “Send” to complete the transfer.

This may include a small transaction fee. Once the recipient confirms receiving the money, you can get it back to your normal PayPal funds. It also includes a small fee, which you can ask to deduct from the amount you sent.

Your friends or family members can send the money back to your PayPal account. Ask the recipient to follow the steps below;

1] Log in to the recipient’s PayPal account.

2] Choose “Send Money”.

3] Enter your (as you are now receiving) email address.

4] Enter the amount.

5] Select “PayPal Balance” and click “Send.”

That’s how you can get a PayPal credit balance to your PayPal balance. Now, the money is in your personal PayPal account. You can transfer it to your linked bank account or eligible MasterCard debit or Visa, or prepaid card.

How to Get Money Out of My PayPal Account?

PayPal to Bank Account:

1] Log in to your PayPal account

2] Navigate to “Wallet”.

3] Choose “Transfer Money”.

4] Select “Transfer to your Bank”.

5] Choose “In Minutes” (fee applies) or “1-3 days” (no fee)

6] Click “Transfer Now

If you choose instant transfer (In Minutes), it will take a few minutes to transfer the funds. This timeframe may vary based on the bank.

If you choose standard transfer (1-3 days), it typically takes 1 business day. However, it may take 3-5 business days, depending on the bank’s clearing process.

PayPal to an Eligible Debit Card:

1] Navigate to “Wallet”.

2] Choose “Transfer Money”.

3] Select “Request a check by mail”. (Fee applies)

4] Enter the amount you are looking to transfer (Minimum $1.51).

5] Click “Next” and then “Request (amount) Now.”

6] Click “Done”.

PayPal debit card allows faster withdrawal of money from your PayPal balance. You can withdraw up to $400 from your PayPal account each day. The withdrawal may include additional ATM fees.

You might also be interested in reading: How to Add Visa Gift Card to PayPal and Transfer Balance?

Method 2: Send Money from PayPal Credit to Cash App

US residents can send money from PayPal credit to Cash App, but not directly. There is no one-tap button for doing so on PayPal. You need to convert PayPal credit to funds at first.

Here is how you can send money from PayPal Credit to a Cash App account:

1] Send money from your PayPal credit to your friends or family. Select PayPal Credit as a payment option.

2] After the recipient receives the money, ask them to send it back to your PayPal account. It comes as normal PayPal funds.

3] Now, connect a Cash Card to your PayPal account.

4] Send the amount directly from your PayPal account to Cash Card.

Cash Card is a free debit card of Cash App. You can use it in any ATM to withdraw money immediately. The Cash App may charge you a fee (approximately $2.50) to withdraw money from any ATM.

Method 3: Try the eBay Trick

In this process, you may not be able to send money directly from PayPal Credit to yourself. However, you can use PayPal Credit funds to make purchases on eBay. Some eBay seller accepts PayPal credit, while some don’t.

If the eBay seller doesn’t accept PayPal Credit, you can use a PayPal Electronic Gift Card to buy anything. PayPal Electronic Gift Cards are available on eBay stores. Provide your email address and name to buy a gift card. It would take 10-20 minutes to get the card on your email.

Method 4: Buy Your Own eBay Listing

This way, you are both a seller and a buyer of your own product on eBay. Although it undermines trust in eBay and is strictly prohibited, you can try it with caution. Make sure your PayPal and eBay are linked to different accounts.

Create a product listing on eBay and purchase your own listing. This strategy could involve charges as eBay imposes sales tax on the amount you receive. PayPal usually provides an invoice for sellers.

That is, you can create an invoice for a made-up purchase on eBay. Since you are a new seller, it would take around 21 days to receive the funds. PayPal will hold the funds for 21 days.

Considerations and Limitations When Sending Money to Yourself with PayPal Credit

Evidently, you can send money to yourself using PayPal credit, but with some important considerations and limitations.

Fees and Charges

When you send money to yourself using PayPal Credit, it is essentially treated as a cash advance. That means that you may be subject to fees and interest charges. 

PayPal Credit typically has a variable Annual Percentage Rate (APR) that can be relatively high. So, check the current terms and conditions and understand the cost associated with this type of transaction.

Credit Limit

Your ability to send money to yourself using PayPal Credit depends on your available credit limit. You cannot exceed this limit. So, make sure you have enough available credit to cover the transaction.

Cash Advance Limitations

Some PayPal Credit accounts may have limitations on cash advances or cash-like transactions. These limitations can vary depending on your creditworthiness and PayPal’s policies.


While sending money to yourself using PayPal credit, you borrow funds. This may impact your credit score as it is treated as a credit transaction. Ensure that you understand how this might affect your credit and financial standing. Make timely payments so it doesn’t have a negative impact on your credit score. 

Promotional Financing

If you are using PayPal Credit with a promotional financing offer, be cautious about using it for self-transfers. Such transactions may not qualify for the promotional financing terms. You could end up paying high-interest rates.

Currency Conversion

When sending money from PayPal credit to a different currency, there may be a currency conversion fee included. Make sure you are aware of currency conversion rates and associated charges. 

PayPal’s Policies

PayPal’s policies and terms can change over time. So, it’s crucial to review the most up-to-date information on their website. Or else you can contact their customer support for any specific questions.

You might also be interested in reading: How to Add Money to PayPal Without Bank Account?

Is PayPal Credit a Good Idea?

Whether PayPal Credit is a good idea depends on your individual financial situation, needs, and responsible use. Like any financial product, PayPal Credit has both advantages and disadvantages.

While it has advantages like the convenience of making purchases, credit lines and flexible payments, it also has some negative sides. Apparently, it’s not a good idea for the following reasons.

  • Interest Rates: PayPal Credit typically comes with a variable Annual Percentage Rate (APR), which can be 28.74% or higher.
  • Credit Approval: Approval for PayPal Credit depends on your creditworthiness, and not everyone will be approved.
  • Internet Payment: Interest payments are due at least 23 days after the end of each billing cycle. If you pay the balance in full by the due date, they won’t charge on non-promotional transactions.
  • Fees: Late payment fees and other charges can apply if you miss payments or exceed your credit limit.
    • Late payment fee: Up to $41
    • Returned payment fee: Up to $30

How do I apply for PayPal Credit?

Applying for PayPal Credit is a simple process. You can do it directly through the PayPal website. Here are the steps to apply for PayPal Credit:

1] Open your web browser and go to the official PayPal website at

2] If you already have a PayPal account, log in using your email address and password. If you don’t have a PayPal account, you will need to create one.

3] After you’ve logged in or created your PayPal account, go to the “Tools” menu (usually located at the top of the page).

4] Select “PayPal Credit.”

5] Click on “Apply Now” to start the PayPal Credit application process.

6] You’ll be asked to provide additional information to complete your application. It typically includes your date of birth, Social Security Number, and your annual income.

7] Carefully review the terms and conditions related to PayPal Credit.

8] Click the “Agree and Apply” button to submit your application.

PayPal will review your application and assess your creditworthiness. This process can take a few minutes to a few days, depending on various factors. You may receive an instant decision, or PayPal may need some time to review your application.

If you’re approved, you’ll receive a notification, and your PayPal Credit account will be set up. You’ll also be informed of your approved credit limit. If you’re denied, PayPal will provide information about the reasons for the denial.

Can I Use PayPal Credit to Pay Off Credit Card?

No! PayPal Credit is primarily designed for making purchases and transactions online, not to pay off credit card balances. You cannot use PayPal credit directly to pay off your credit card bills. Also, banks do not accept PayPal credit or other credit cards for credit card bill payments.

Can I Borrow Money from My PayPal Credit?

Yes, you can borrow money from your PayPal Credit account. PayPal Credit Transactions involve borrowing funds. PayPal Credit provides a revolving line of credit. This means you can use it to borrow money for purchases or other online transactions.

Final Words

Though you cannot directly send money to yourself with PayPal credit, it’s still possible. You can send it to your friends/family and get it back to your bank account. Sending money to yourself with PayPal credit involves certain fees, interest charges, and limitations.

Make sure you are aware of the costs involved. While making such a transaction, carefully review the terms and conditions associated with your PayPal Credit account. Consider the impact on your credit score and financial situation.

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