How to send money to paypal from chime

Peer-to-peer payment systems (also referred to as P2P payments) allow users to send and transfer money from their mobile devices through a linked bank account or card. This make splitting bills fast and painless and are relatively easy to set up. You choose who you are sending money to, the amount of the transaction, and the  reason for payment, then send. Depending on which P2P payment service you use, the time it takes for money to transfer can range anywhere from a few seconds to three business days. Some of the most popular P2P options are PayPal, Venmo, Zelle, Google Pay, and Cash App.

1. PayPal

👍 Benefits:

PayPal offers many different functions – with the most popular being payment services for online merchants and buyers. But PayPal also offers P2P money transfers for registered users. It’s free to send and receive money when you link a bank account, debit card, or prepaid debit card. 

👎 Drawbacks:

Transfers can take some time to move to and from your bank account to your PayPal account. Free transfers from PayPal to your bank account usually take one business day, but can take up to three to five business days depending on your bank’s clearing process.

2. Venmo

👍 Benefits:

Venmo is owned by PayPal, however the two apps are very different. Venmo is designed primarily to send money to friends, with an embedded social aspect. And, while you can sign in and access your account on the internet, it is a mobile-first experience.

👎 Drawbacks:

There are a few types of fees: one to send money via credit card, one e for instant cash-out transfers to your bank account, and a 1% fee if you want to transfer your Venmo funds instantly to your bank account. Otherwise, you’ll have to wait one to three business days to receive your funds for free.

3. Zelle

👍 Benefits:

Zelle can send and deliver money within minutes between bank accounts at different financial institutions. And unlike other P2P apps listed, Zelle’s service might already be on your smartphone. If your bank isn’t part of the network, Zelle is also available as a standalone app.

👎 Drawbacks:

You can’t send money to international bank accounts because Zelle only works with domestic banks. You also can’t use a credit card to send money –  a feature that’s available with other   P2P payment apps.

4. Google Pay

👍 Benefits:

Google Pay is unique in its integrations with other Google products, including Gmail. If you have a Google account, you are essentially already signed up for Google Pay. The app can be downloaded to Android and Apple devices and allows users to send each other money as well as pay retailers for goods and services.

👎 Drawbacks:

Google Pay doesn’t allow users to link credit cards as a form of payment and is only available in the United States. For U.S. territories, Google Pay is only supported if a linked debit card is issued by a U.S.-licensed bank.

5. Cash App

👍 Benefits:

Cash App has a wallet feature that allows you to send money from a linked account without holding funds in your digital wallet. Cash App recently added the ability to buy and sell bitcoins to the app as well, which gives it a unique feature compared to other P2P apps.

👎 Drawbacks:

There’s a 3% fee to send money via credit card and a fee for instant deposits. Cash App offers free standard cash outs — which take one to three business days to deposit to your linked debit card — but if you want an instant cash out deposit, Cash App will charge a 1.5% fee.

Can I send money from Chime to a PayPal account?

Can you send money from Chime to cash app or PayPal?