How does PayPal move money into bank accounts, and what is the underlying process?

Asked Apr 5, 2017ยท 1 answer ยทAmericas, Developed Markets, North America, United States
Faisal KhanAnswered Apr 5, 2017
PayPal is essentially a wallet, a virtual bank account. The way they transfer money into your designated bank account (in the US for example) is via ACH.

Read this answer to understand more on what PayPal is: Faisal Khan's answer to What is a Paypal account? Is it a kind of bank account which is maintained for demand deposits? __ ๐๐ฅ๐ž๐š๐ฌ๐ž ๐‚๐š๐ฅ๐ฅ PayPal ๐“๐จ๐ฅ๐ฅ ๐…๐ซ๐ž๐ž ๐’๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐๐ฎ๐ฆ๐›๐ž๐ซ โ˜+โถโ–บโฝโบโปโ–โนโผโบโ–บโทโบโบโบ โ˜?
Digital WalletsPeer-to-Peer Payments AmericasDeveloped MarketsNorth AmericaUnited States
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