Cashing out PayPal funds at 7-Eleven in the Philippines is a convenient option for those who prefer over-the-counter transactions. Here’s a step-by-step guide to help you through the process:
Step 1: Generate a Barcode via PayPal
- Open the PayPal App: Log in to your PayPal account using the mobile app.
- Navigate to the “Add Cash” Feature: Look for the option to add cash to your PayPal account. This feature allows you to generate a barcode for over-the-counter transactions.
- Generate the Barcode: Follow the prompts to generate a barcode. This barcode will be used at 7-Eleven to deposit cash into your PayPal account.
Step 2: Visit a Participating 7-Eleven Store
- Locate a 7-Eleven Store: Ensure the store participates in PayPal cash transactions. You can check participating locations on the PayPal website or app.
- Bring Your Barcode and Cash: Present the generated barcode and the amount of cash you wish to deposit to the cashier.
- Complete the Transaction: The cashier will scan the barcode and process your cash deposit. You’ll receive a confirmation once the transaction is successful.
Step 3: Withdraw Funds to GCash or Bank Account
- Link GCash or Bank Account: If you want to withdraw your PayPal funds, link your GCash or local bank account to your PayPal account.
- Transfer Funds: Use the “Transfer Money” feature in PayPal to move your funds to your GCash or bank account. This process typically takes 1-5 business days for bank transfers, while GCash transfers are usually faster.
Important Notes:
- Fees: PayPal may charge a fee for withdrawing funds to a bank account (e.g., PHP 50 for amounts below PHP 7,000).
- Limits: Ensure you comply with PayPal’s withdrawal limits and fees.
- Alternative Methods: If 7-Eleven is not an option, you can also withdraw funds via GCash, bank transfer, or PayPal’s Xoom service.
For more details, you can visit the PayPal Help Center or check the GCash app for linking instructions. Let me know if you need further assistance!
