PayPal is thought of as one of the original providers when it comes to digital payment platforms. While the landscape has changed over the past couple of decades, the firm has done quite a bit to evolve the service and adapt over time. Soon, thanks to an upcoming feature, PayPal users will be able to instantly transfer money to their bank accounts.
In order to take advantage of the service, users will be required to link an eligible debit card to their PayPal account. Those taking advantage of the service can expect the funds to be available within a matter of minutes. While this will be the typical experience, depending on the banking institution, the money could take as long as 30 minutes to arrive. Although the expedited service will no doubt be appreciated, the additional $0.25 service fee per transaction will most likely not.
This will eventually roll out to all PayPal users but, for now, the feature is now in beta and being tested by a select group of users. Luckily, it won't take too long, as the firm is expected to make it available to those in the United States over the coming weeks.