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.
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.
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.
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.
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.
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.
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.
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.
- How Does PayPal Work? A Complete Explanation — Refer to our comprehensive guide for how to navigate PayPal.
- PayPal: Complete Guide. History, Products, Founding, and More — We’ve documented the history of Paypal for you to learn more about the platform you send money through.
- How to File a Claim on PayPal in 6 Steps (with Photos) — Need to dispute a charge sent through PayPal? View our six-step guide for filing a claim.
The image featured at the top of this post is ©rarrarorro/Shutterstock.com.