In addition, they should also have an eligible device with a supported operating system and camera capable of capturing high-quality images. To use this feature, one must have an active PayPal account that is in good standing. With this feature, users can deposit checks into their PayPal accounts by simply taking a photo of the check using their smartphone’s camera. Understanding PayPal’s Mobile Check Capture Feature and Its RequirementsĪs the world transitions into a highly digitized era, PayPal has made it easier for individuals and businesses to receive payments remotely through its mobile check capture feature. Additionally, since most individuals already use PayPal regularly in some capacity (for example: online shopping), utilizing their additional features like checking cashing can provide added convenience without having to create new accounts elsewhere. Overall, while there are fees associated with using PayPal’s check-cashing service, they tend to be lower than those charged by traditional banking institutions and retailers. Banks typically charge anywhere from $5 – $15 per transaction while retail stores such as Walmart charge up to 3% of the total amount being deposited. However, if you have another type of check (such as a personal or business one), the fee can be up to 1% of the total amount deposited.Ĭomparatively speaking, other financial services such as banks or retail stores like Walmart offer similar check-cashing capabilities but often charge higher fees than PayPal.

For example, if you have a government-issued or payroll check, there is no fee for depositing it into your PayPal account. The fee structure for PayPal check cashing can vary depending on the type of check you are depositing and how quickly you need access to your funds. While this feature may seem convenient for many people, it’s important to understand the fees associated with using PayPal for check cashing. In recent years, PayPal has expanded its services to include check cashing. PayPal is a popular online payment system that allows users to send and receive money through their personal accounts. PayPal Check Cashing Fees and Comparisons to Other Services I’ve been researching the ins-and-outs of cashing checks using PayPal for years now, and in this article I will break down everything about their process that you need to know.įrom what payment methods they accept, if there are any limits on how much you can cash at once, and all of the fees associated - by the end of this post, you’ll have all the information needed to make an informed decision when it comes time for cashing your own check through PayPal! So grab a pen and paper (or bookmark this page) so that together we can dive into exactly how much does Paypal charge for cashing a check. Are you looking to cash a check with PayPal and wondering how much it will cost? Cashing a check can be a great way to get access to the money you need quickly, but with fees involved, understanding how much it will cost upfront is essential.

Paypal check cashing