If you recently removed a card from your PayPal account, or you may have closed out your PayPal account, and you want the balance sent to you, PayPal will more than likely send an eCheck from PayPal to close out the balance of your account. Or, PayPal eChecks are used when the buyer doesn’t have a credit card or an alternate funding source attached to their PayPal account. When the buyer sends payment, the funds are transferred from the buyer’s bank account into a seller’s PayPal account. But you may wonder, what is an eCheck from PayPal? Let’s explain.

eCheck from paypal

What is an eCheck Through PayPal?

As previously mentioned, PayPal eChecks are used when the buyer OR seller does not have a credit card or an alternate funding source attached to their PayPal account. An eCheck is the same as a paper check, just sent electronically! If a buyer sends payment, the funds are transferred from the buyer’s bank account into a seller’s PayPal account, or the buyer is issued an eCheck from PayPal. There is a fee of 2.9% + 30 cents that is charged to the seller. If the buyer that issued the eCheck payment is from a different country, there is an additional 1% fee.

How to Send an eCheck from PayPal

This is the process to send an eCheck through the PayPal system manually:

How to Send an eCheck Manually

1. Log into your PayPal account.
2. Click the “Send Money” tab.
3. Enter the required information.
4. Click “Continue.”
5. Click the “Change” link.
6. Select the “eCheck” button.
7. Click “Continue.”
8. Review the entered information and click “Send Money” to complete the eCheck transaction.

Remember, you need to have a bank (checking or savings) account linked to your PayPal account to send an eCheck payment.

echeck payment

How Long Does eCheck Take

eChecks from PayPal typically take between 48 and 72 hours to verify as legitimate instruments. If you wonder how long it takes for an eCheck to clear, you can expect to wait between 3-6 business days for funds to be withdrawn and deposited into the appropriate accounts. eChecks are generally not instantly processed through the bank system is because eChecks are processed via a third-party system, the Automated Check Clearinghouse (ACH), to initiate the electronic fund’s transfer (EFT). When an eCheck through PayPal is used, the company has the policy to put the funds on hold for up to 21 days. Once the buyer acknowledges that the product has been delivered in acceptable condition, PayPal will release the funds.