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How To Cash A Check On Paypal: In 7 Steps, With Photos

How To Cash A Check On Paypal: In 7 Steps, With Photos

Despite facing competition from Venmo and Cash App, Paypal still remains one of the most popular online payment platforms. With Paypal offering a wide range of features such as money transfers and business invoicing, you may be wondering how to endorse a check for mobile deposit on Paypal. If so, you’ve come to the right place.

Paypal isn’t a traditional bank, so some limitations on the types of financial transactions you can perform exist. However, there is an option to cash a check without ever needing to leave home. This allows you to use the Paypal app to scan a check and deposit it directly into your Paypal balance.

How to Endorse a Check for Mobile Deposit Through PayPal

PayPal is a secure and easy-to-use platform that can make a tedious process like cashing a check much simpler. When endorsing a check for mobile deposit through PayPal, you can avoid the hassle of going to the bank by using their smartphone app. Consumers also find that the cash checking fee charged by PayPal is cheaper than other platforms or banks.

Cashing a check through PayPal also means that the funds are immediately available for you to use. Perhaps you have a monthly subscription or need to complete a one-time purchase through Paypal. You can make any payment instantly after cashing your check because you don’t have to wait for it to be deposited into your bank account.

Step 1: Sign Into the Paypal App

Start by signing into the Paypal app on your mobile phone. If you don’t have the app already, you can download it from the Apple and Google Play Stores. Once signed in, you can enable facial recognition or thumbprint detection for faster login.

Open the PayPal app and sign into your account.

Step 2: Select Wallet

After signing in, you will be on the homepage, which shows your balance. Navigate to the bottom of the app and find the menu. Select “Wallet” from the menu that is located on the far right.

Tap on Wallet.

Step 3: Choose to Cash a Check

The next page is your Wallet, and it is where you can manage your balance and connected cards. It has a menu on top. The last option in this menu is to “Cash a Check,” which you need to select. Alternatively, scroll down on the page and look for the button to cash a check.

Tap Cash a Check on the top menu.

Step 4: Setup Check Cashing

If this is your first time cashing a check on Paypal, you will need to accept the terms and conditions. After accepting the terms and conditions, you need to confirm some personal information like your Social Security Number. After you add this information, you will be able to cash a check, and you won’t need to enter it in the future.

Enter your personal details for verification purposes.

Step 5: Enter the Check Amount

Now it’s time to get the check out that you wish to cash. The Paypal app first needs to know what is the amount on the check. Be sure to double-check the dollar amount spelled out against the numerical writing to ensure it matches. Finally, enter the numbers into the Paypal app, making sure that you enter the dollars, then cents.

Enter the total amount you are depositin

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Step 6: Take Pictures

After entering the check amount, you need to take a photo of the front and rear. But before you do that, endorse the back with a pen. After endorsing, take a picture of the front of the check followed by the rear. The camera will automatically take the picture once it is ready. To get the best results, you should take the picture in a well-lit room on a clean background.

To cash your check you have to take a clear image on a blank background.

Step 7: Cash the Check With Paypal

Before submitting the deposit, you will have one final opportunity to confirm the check’s details. Pay close attention to the amount and account number, and routing number. Once you are ready, you can click to deposit. You may also get another message saying when the funds will be available. Paypal has been testing a new service where you pay an additional amount to have instant funds.

Review the check details and confirm they’re correct.

Wrapping Up

For many years you’ve been able to cash checks with just a mobile phone. In fact, nearly all large banks provide a means of cashing checks with their app. But for people who don’t have bank accounts, using the PayPal app may be the best alternative. When you’re done, is a box on the back of the check that you should mark to signify that it was electronically deposited.

Check out the video below for a refresher of what you’ve just learnt.

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Frequently Asked Questions

Do you have to wait for a check to clear on Paypal?

Yes, checks must clear in Paypal just like they do at a regular bank. This means that the hold period can vary, but Paypal does offer instant availability for an added fee.

What should you do with the check after depositing it?

Unlike when you deposit a check at a bank branch, you still have the physical check with Paypal. After depositing, check off the electronic deposit box on the back and hold onto the check in case something goes wrong.

Is there an amount limit on the checks you can deposit with the Paypal app?

Yes, the largest check you can deposit is $5,000. However, there is also a $5,000 total daily limit and a $15,000 monthly limit.

How can you get cash from the deposited check on Paypal?

Because Paypal has no physical branches, the best way to get cash from your Paypal account after depositing a check is with a Paypal debit card. It allows you to visit an ATM and withdraw money for a small fee.

What should you do if there is an error when depositing a check?

If the check definitely didn’t go through, then you can try depositing it again. However, in all other cases, you should contact Paypal as soon as possible.

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