Paypal, which was formed in December 1998, has been around for decades, which is why it has become a household brand when it comes to sending, receiving, and spending money online.
Most PayPal users are familiar with it for what it primarily provides, which is the ability to send, receive, and shop online with it. However, there is more to the PayPal app that most of its users are unaware of.
This article will address one of the most often asked issues among PayPal users: “Can I cash a check with PayPal?” If you read all the way to the end of this piece, you’ll learn whether it’s doable to cash a check with PayPal, how it works, what kind of checks you may cash, and so on.
Can You Cash a Check With PayPal
Yes, Every PayPal user can now cash and deposit checks using the PayPal mobile. Although this is a feature not known by every PayPal user out there, Paypal now has a check-cashing feature that ensures users can now instantly cash/deposit checks using their smartphone camera via the PayPal mobile app.
Is It Safe to Cash a Check With PayPal?
Cashing a check on PayPal is entirely safe, however, you want to make sure that you have done all the PayPal identity verification so that you are able to take your money out, else you might face PayPal temporary or permanent limit which might cause your money to be held for 180days.
How Does Cash a Check With Paypal Work?
Using the Cash a Check feature in the PayPal app on your mobile device, you can cash checks and have the funds credited to your PayPal account within an hour or less. You just need to take a picture of the check you want to cash and submit it for review.
If your check is accepted, you have the option of paying a fee to have the funds credited to your PayPal account immediately, or if you don’t need the money right away and the check isn’t returned as unpaid, you can have your money for free in 10 days.
What Kind of Checks Does PayPal Cash?
PayPal accepts most check formats as long as the check value is between $5.00 and $5,000.00 and is made payable to you, endorsed by you, and drawn on a bank account in the United States or one of its territories. This includes;
- Payroll and government checks with a pre-printed signature.
- Business checks.
- Two-party personal checks.
- Handwritten payroll checks.
- Insurance checks.
- Attorney checks.
- Cashier’s checks.
- Money orders.
- Rebate checks.
- Refund anticipation checks.
What Type of Checks Does PayPal Not Cash?
PayPal, as a general rule, does not accept these types of checks;
- Conditional endorsement checks.
- Counter checks.
- Traveler’s checks.
- Credit card checks.
- Customer appreciation certificates.
- Gift certificate checks.
- Starter checks.
- Warrant checks.
- Checks that aren’t made payable to you.
What Is the PayPal Cash a Check Limit?
You can cash checks ranging from $5 to $5,000. Users, on the other hand, can submit numerous checks totaling no more than $5,000 per day and $15,000 per month. Not to mention that all checks must be approved.
How Much Does PayPal Charge to Cash a Check Instantly?
To cash a check and receive your money instantly, the typical fee for a government or payroll check with a preprinted signature is 1% or a $5 flat fee, while all other checks are 5% or a $5 fixed amount. Meanwhile, there is no charge if you choose the 10-day delayed funding option.
How Long Does It Take to Cash a Check With PayPal
When you snap both sides of your about-to-be cashed check and submit it to PayPal for review, It takes a few seconds for it to be reviewed, in some cases, it can take between 3-5 minutes, and in rare circumstances, up to an hour.
Upon approval, the depositing of the checks to your provided account usually does not take long as it always happens in instant. But there are cases when it might take a few minutes or sometimes an hour, which isn’t always the case.
What Do I Need to Cash a Check With PayPal?
To cash a check using PayPal much isn’t required, Nevertheless, you cant cash a check on PayPal without these things;
Paypal Cash Plus Account:
There is no way you can cash a check on PayPal without the use of this account, It is always required and you will be prompted to create one if you don’t already have one before you can be allowed to cash a check with PayPal. This is also where the funds equivalent will be sent when the check is approved.
Physical Check to cash:
Cashing a check with PayPal without having the physical check, is like trying to eat food without having any food. To cash a check on the PayPal app you need the physical check to be with you, so you can be a snap it when required.
Before submitting your check to PayPal for reviewing and approval, you will need to use your device camera to take a picture of both sides (front and back) of the checks. Therefore you need your camera to be in good order.
After taking a picture of the check you are to cash on PayPal and uploading it for approval, of approved you will be asked to write “VOID” across the front of your check and submit another photo showing it has been voided and this can only be done with a pen.
How Can I Cash a Check With Paypal?
Cashing checks with PayPal is a simple process; however, it may not appear as effortless to a first-time user as it does to a frequent user; simply follow the steps stated below to cash your check as a new user:
- Click on More at the bottom of your PayPal home screen.
- Click on Cash a check When the next screen opens. (you’ll be asked for permission to access your location and camera; Allow it).
- The next page will ask you to confirm your “DOB”, “SSN”, and “PHONE NUMBER”.
- You will be loaded to the cash check screen where you have to Enter the check amount to cash.
- Take a picture of the front and back of your endorsed check and click Next.
- Choose how quickly you want your money and click Confirm.
- Your check would go through review (this should take a few seconds or 3-5 minutes.)
- If approved, you’ll be prompted to write “VOID” across the front of your check and submit another photo showing it has been voided. (N.B Do not write “VOID” on your check until you are prompted to do so after you receive confirmation that your check was approved.)
- Once finalized, you’ll see a confirmation page verifying the amount of the credit and when the money will be available in your PayPal Cash Plus account.
Note that to use this service, you will need to set up a PayPal Cash Plus account, If you don’t already have one.
If you executed the steps above correctly, your equivalent cash should have been deposited to your PayPal cash plus account by now, depending on how quickly you want to get your earnings.
Nevertheless, If you still find issues after following the steps outlined above, please double-check or contact PayPal customer care.
Are 3rd-Party Checks Accepted On Paypal Cash a Check?
No, Third-party checks are not accepted. This is due to the fact that a check deposited into a PayPal account can only be payable to the account’s owner.
Can You Cash a Personal Check With PayPal?
Yes, You can deposit personal checks to PayPal including two-party personal checks as long as they are not made out to “cash.”
Can I Cash a Business Check With PayPal?
Yes, you can cash a business check with PayPal. This is because PayPal accepts any form of business checks from all banks as long as they are not made out to “cash.”
Can I Cash My Stimulus Check With PayPal?
Yes, you can cash your stimulus check using the PayPal cash a check service. If you received paper stimulus checks you can quickly deposit the money using PayPal’s cash-a-check feature for free, without ever leaving the house.
How to Cash Stimulus Check With PayPal?
Cashing my stimulus check with PayPal is the same procedure for cashing every other check when using the app cash a check feature. You can a stimulus check by;
- Take a picture of both sides of the checks.
- submit it for review and approval.
- Choose when you want to receive your cash.
- Have your money available in your cash plus account.
Can I Deposit Checks With My PayPal Cash Card?
No, you cannot deposit checks using your PayPal cash card. Because checks on PayPal can only be deposited using a checking account number, a PayPal card check deposit is not supported.
Can I Use Ingo Check Cashing With PayPal?
Yes, you can use PayPal with the Ingo check cashing tool. This is also a possibility because PayPal’s check-cashing operation is legitimately supported by ingo money technology.
Can I Cash Checks With a PayPal Business Account?
NO, it is not allowed to cash a check using a PayPal business account. This is because when you are cashing a check with PayPal, you will be requested to create a Paypal Cash Plus Account if you do not already have one.
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Conclusion on How to Cash a Check Online With PayPal
If you’ve made it this far, I hope your questions about cashing a check with PayPal have been answered. So, as promised at the beginning of this article, I am confident that you now have an accurate understanding of whether or not cashing a check using PayPal is possible, how it works, the requirements, charges, and everything else.
As a result, if you found this post useful in any way, please share it with your friends and others who may benefit from it. Cheers!