Looking for a reliable way  to Withdraw PayPal Funds in Nigeria in Less Than 5 minutes? Lets get started!

You don’t have to wait for one to three days before getting your PayPal funds. With just a simple technique, you can withdraw your PayPal fund and receive it within 5 minutes anywhere in Nigeria. So what is that simple technique? It is called

“Instant Transfer.”

There are many ways to withdraw PayPal funds, but none is as fast as the instant transfer. PayPal stated the Instant Transfer feature in 2019 as an additional payout feature. With this Instant Transfer feature, you can transfer money from your

PayPal wallet to your debit card or bank account within 5 minutes.

It sounds interesting. However, this isn’t free. This feature attracts a high fee that can drown you if you aren’t careful. Let’s check out how it works.

PayPal Instant Transfer: How Does it Work?

Typically, a standard PayPal funds withdrawal takes 1-3 days to reflect in your bank account. This goes for businesses and personal accounts, which can be frustrating, especially when you need the money urgently.

PayPal’s “instant transfer” feature was launched in 2019 to give you an experience of real-time payment for online transactions. This allows you to access your funds in your bank account within 5 minutes anywhere in the world, not only in Nigeria, the US, or developed countries.

There are two steps to carry out the instant transfer. Link your PayPal account to:

• An eligible bank account or ● An eligible debit card.

1. Eligible Bank Account or Eligible Debit Card

The first step to withdrawing PayPal funds via instant transfer is to link it to a bank account and/or a debit card. This goes for business and personal accounts. Linking your account to your bank account or debit card allows you to use your PayPal account to its full potential.

2. Click on “Transfer Money”

Once you have successfully linked your card or bank account, the next step is to transfer the money.

Go to the money transfer page, and select the method you want to initiate for withdrawal:

There are three methods:

• Standard transfer – between 1-3 days
• Instant transfer to bank account – within 5 minutes
• Instant transfer to a debit card – within 5 minutes

The standard transfer feature charges a flat rate of $5. This is constant for all transactions.

For instant transfer, you will be charged 1% of the total money you are withdrawing. The maximum amount that PayPal can charge you under the Instant transfer feature is $10. There is a limit to the amount of money you can withdraw using the instant transfer feature.

Using an instant transfer via a bank account, you are limited to $25,000 per transaction. While for debit cards, you are limited to $5,000 per transaction, $5,000 per day, and $5,000 per week, which amounts to a total of $15,000 per month.

How to Make the Most  and Utilize Your Instant Transfers on PayPal

Here are some ways to utilize the instant transfer feature to your advantage. They are:

1. Transfer less frequently

One of the effective ways to reduce transaction fees is to use the feature less frequently. 1% seems small, but it can add up quickly, amounting to a lot of wasted funds as transaction fees. If you reduce the frequency of your transfer via Instant Transfer, you’ll keep more of your cash.

2. Limit transfer to your debit card

The debit card has a smaller transfer limit compared to the bank account. This does entail that you should transfer much with the card. Limit it also.

3. Transfer as much as possible

By “much”, I mean the amount. Transfer as much as possible to capitalize on the $10 cap.

Why Can’t I Instant Transfer on PayPal

There might be a limitation on your PayPal account that may prevent you from initiating the instant transfer. Locate that limitation and remove it for your account to work properly. Also, it might be because your debit card or bank account is not eligible for the Instant Transfer process. In this case, you will have to change them and get eligible ones.

What Card Works with PayPal Instant Transfer?

PayPal accepts all cards from MasterCard, Visa, American Express, and Discover.

As long as your cad is from any of these four, it is eligible.

Conclusion

PayPal has made it easy for you to get instant cash with their “Instant Transfer” feature, but this is not without a cost. So use it wisely to avoid losing a significant amount of your money to transaction fees.