How to Transfer Money From PayPal to GCash (2024 Updated Guide) (2024)

You’ve worked hard to earn the money in your PayPal account, and now you’re thinking about spending that money. Problem is, it takes some time to receive your money since PayPal to bank transfers often take several days to complete. Good thing that there’s GCash for those immediate or emergency situations. PayPal to GCash transfers are instant, and you can immediately use that money for your personal needs once it’s in your GCash wallet.

We mostly use UnionBank to withdraw my money from PayPal and it usually takes 1-3 banking days to complete. With GCash, transfers happen in real time and you will have the money in your wallet within a few seconds.

Another advantage with GCash is that there are no withdrawal fees when you transfer your money from PayPal. With most bank withdrawals, you are charged a ₱50 fee for amounts not exceeding ₱7,000. GCash doesn’t charge you a fee, no matter how big or small the withdrawal amount is. This makes GCash appealing to many Filipinos who are looking to save as much money as possible from their earnings.

GCash is a mobile wallet that you can use to conveniently pay your bills, buy prepaid load, purchase items, and send and receive money. PayPal, on the other hand, is the world’s most popular online payment system that allows you to pay send and receive money using an email address. Both are free to sign up and free to use.

In this tutorial, we’ll teach you how to link your GCash and PayPal accounts, as well as how to transfer money from PayPal to GCash. Make sure that you have active PayPal and GCash accounts. If you don’t have a PayPal account yet, read our guide on how to open a PayPal account in the Philippines.

Table of Contents

  • How to Link Your GCash Account with PayPal
  • How to Transfer Funds from PayPal to GCash
  • How to Convert US Dollars to Philippine Pesos in PayPal
  • Frequently Asked Questions
  • Wrapping Up

How to Link Your GCash Account with PayPal

Before you can transfer funds from PayPal to GCash, you must first link your GCash account with PayPal. This is a one-time procedure; after linking, you can transfer money from your PayPal account to your GCash wallet as many times as you want.

Step 1: Open the GCash app and type your four-digit MPIN. If you don’t have GCash yet, you can download it from Google Play or the App Store.

Step 2: Click the “Profile” tab at the bottom-right corner of the GCash home screen.

How to Transfer Money From PayPal to GCash (2024 Updated Guide) (1)

Step 3: Tap “My Linked Accounts” on the GCash menu.

How to Transfer Money From PayPal to GCash (2024 Updated Guide) (2)

Step 3: You can see a list of accounts that can be linked with GCash. Select “PayPal” to continue.

How to Transfer Money From PayPal to GCash (2024 Updated Guide) (3)

Step 4: Enter your PayPal email address. In order for linking to be successful, make sure that the first and last names in your PayPal and GCash accounts are the same. Tap the “LINK” button to continue.

How to Transfer Money From PayPal to GCash (2024 Updated Guide) (4)

Step 5: Press “Authorise” to link your GCash account with PayPal.

Step 6: Enter your PayPal email address or mobile number. Tap “Next” to continue.

How to Transfer Money From PayPal to GCash (2024 Updated Guide) (6)

Step 7: Enter your PayPal password and tap “Log In.”

How to Transfer Money From PayPal to GCash (2024 Updated Guide) (7)

Step 8: The next screen will tell you if the linking is successful. Tap “Close and Continue” or wait for the screen to automatically redirect you to the next step.

You will also receive a confirmation email stating that you’ve signed up for preapproved payments plan with G-Xchange, Inc.

How to Transfer Money From PayPal to GCash (2024 Updated Guide) (8)

Step 9: Congratulations! Your PayPal account has been linked to your GCash wallet. You can now start transferring money from PayPal to GCash.

How to Transfer Money From PayPal to GCash (2024 Updated Guide) (9)

How to Transfer Funds from PayPal to GCash

Now that your GCash and PayPal accounts are linked, it’s time to transfer money from your PayPal account to your GCash wallet. Here is how to do it:

Step 1: Open the GCash app and login to your account with your biometrics or 4-digit MPIN.

Step 2: Tap “Cash In” on the GCash app as shown on the screenshot below.

How to Transfer Money From PayPal to GCash (2024 Updated Guide) (10)

Step 3: Select “PayPal” under “My Linked Accounts.”

How to Transfer Money From PayPal to GCash (2024 Updated Guide) (11)

Step 4: Enter the amount in pesos that you want to transfer. The amount must not exceed your available balance in PayPal as shown by the GCash app. The minimum amount required to transfer is ₱500.

Take note that you cannot transfer US dollar amounts (or any other foreign currency), only Philippine pesos. If you have PayPal balance in US dollars or other currency, you should convert it to Philippine pesos first before transferring the money to GCash. Read the next section, “How to Convert US Dollars to Philippine Pesos in PayPal” for the step-by-step guide to converting your dollars to pesos.

Press “NEXT” to continue.

How to Transfer Money From PayPal to GCash (2024 Updated Guide) (12)

Step 5: Review the amount that you want to transfer. Finally, press “CONFIRM” to approve the transfer.

How to Transfer Money From PayPal to GCash (2024 Updated Guide) (13)

Step 6: Wait for the transaction to be completed. It usually takes only a few seconds for the money to arrive in your GCash wallet. You will receive a text message confirming the fund transfer as well as an email from PayPal.

How to Transfer Money From PayPal to GCash (2024 Updated Guide) (14)

Step 7: Congratulations! You can now use the money for your GCash transactions such as paying bills, buying prepaid load, and sending money to a friend. You can also withdraw your money through the Transfer option or through your GCash Mastercard using any of over 20,000 BancNet ATMs all over the country.

Note: If your PayPal-to-GCash cash-in attempts fail repeatedly, you can try linking your PayPal and GCash accounts again to resolve the issue.

How to Convert US Dollars to Philippine Pesos in PayPal

As mentioned before, GCash only allows the transfer of funds in Philippine pesos from PayPal. The problem is, most of us have our PayPal funds in US dollars. This is especially true for freelancers and online workers who usually receive their earnings in US dollars.

The solution is to convert your US dollars to Philippine pesos in PayPal. This can be done instantly and your converted funds will be displayed separately in your PayPal wallet.

You can also convert other foreign currencies to Philippine pesos, and vice versa. Keep in mind that PayPal conversion rates are lower than real-time foreign exchange rates.

Follow this step-by-step process to convert your US dollar funds to Philippine pesos in PayPal:

Step 1: Log in to your PayPal account if you haven’t done it already.

Step 2: Once logged in, click the kebab menu on the right side of your PayPal balance, and then click “Manage currencies.” Or you can go straight to your PayPal wallet by clicking “Wallet.”

How to Transfer Money From PayPal to GCash (2024 Updated Guide) (15)

Step 3: In your PayPal wallet, go the “USD” part of your PayPal balance summary, click the kebab menu on the right, and then click “Convert currency.”

How to Transfer Money From PayPal to GCash (2024 Updated Guide) (16)

Step 4: A list of currencies will be shown. Choose “Philippine Peso” and click “Next.”

How to Transfer Money From PayPal to GCash (2024 Updated Guide) (17)

Step 5: Enter the US dollar amount that you want to convert to Philippine pesos, taking note of the conversion rate. The amount should not exceed your USD balance. Click “Next” to continue.

How to Transfer Money From PayPal to GCash (2024 Updated Guide) (18)

Step 6: Review your currency conversion transaction. Click “Convert Now” to complete the currency conversion.

How to Transfer Money From PayPal to GCash (2024 Updated Guide) (19)

Step 7: You have successfully converted your US dollars to Philippine pesos in PayPal. You can now transfer your converted funds to your GCash wallet.

How to Transfer Money From PayPal to GCash (2024 Updated Guide) (20)

Frequently Asked Questions

What is the PayPal to GCash transfer fee?

There is no withdrawal fee for PayPal to GCash transfers. However, there is a currency conversion fee when converting your US dollar funds (or any other foreign currency) in PayPal to Philippine pesos.

What is the minimum amount that you can transfer from PayPal to GCash?

The minimum amount that you can cash in from PayPal to GCash is ₱500.

How long does it take for my PayPal funds to arrive in my GCash wallet?

PayPal to GCash transfers take anywhere from a few seconds to 24 hours to complete.

Can I transfer money from PayPal to my GCash MasterCard debit card?

At the moment, it’s not possible to withdraw money from PayPal to your GCash MasterCard debit card.

Can I transfer money from PayPal to GCash without linking?

The only way to withdraw money from PayPal to GCash directly is by linking both accounts first. Although GCash is listed as “G-Xchange, Inc.” in PayPal, it’s not considered as a bank which means that direct withdrawals is not yet possible.

Can I withdraw my PayPal funds to another person’s GCash account?

No, you can only transfer money to your own GCash account. Both the PayPal and GCash accounts must have the same name.

Wrapping Up

As you can see, it doesn’t take too many steps to start transferring your money from PayPal to GCash. You can use your existing PayPal balance to top up your GCash wallet and enjoy zero transaction fees and real-time money transfers. It’s so easy and convenient! You can even get a GCash MasterCard debit card to withdraw your money from any BancNet ATM.

If you have any questions and concerns about PayPal to GCash transfers, just call the GCash hotline 2882.

Tags: GCashonline bankingonline paymentsonline shoppingPaypal

How to Transfer Money From PayPal to GCash (2024 Updated Guide) (2024)

References

Top Articles
Latest Posts
Article information

Author: Barbera Armstrong

Last Updated:

Views: 6587

Rating: 4.9 / 5 (79 voted)

Reviews: 86% of readers found this page helpful

Author information

Name: Barbera Armstrong

Birthday: 1992-09-12

Address: Suite 993 99852 Daugherty Causeway, Ritchiehaven, VT 49630

Phone: +5026838435397

Job: National Engineer

Hobby: Listening to music, Board games, Photography, Ice skating, LARPing, Kite flying, Rugby

Introduction: My name is Barbera Armstrong, I am a lovely, delightful, cooperative, funny, enchanting, vivacious, tender person who loves writing and wants to share my knowledge and understanding with you.