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PayPal to speed up money transfers

Wednesday 21 June 2017 | 01:21 PM CET

PayPal has announced that its US users will be able to make money transfers to their bank accounts via debit cards linked to their PayPal account.

This new transfer option will be available for a USD 0.25 fee per transfer, accessible also for the company’s mobile payment service Venmo. Currently, its beta is ready to selected PayPal users, and is going to be accessible to all US users with eligible Visa or Mastercard debit cards, over the coming weeks and months in 2017.

According to the company, this new feature is made possible through its partnerships announced in 2016 with Visa and Mastercard, as Banking Technology states.

More: Link
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