Can i transfer money from paysafe to bank account

How to Withdraw from Paysafe to Bank account

To transfer money from your Paysafecard Wallet to your bank account, you can follow these steps, as Paysafecard itself doesn’t directly offer bank withdrawals. However, you can use third-party services like Skrill, Neteller, or a Paysafecard MasterCard to transfer funds to your bank account. Here’s how:

Option 1: Transfer Paysafecard to Skrill or Neteller

Skrill and Neteller are e-wallet services that allow you to load funds from your Paysafecard balance and then transfer the money to your bank account. Here’s how to do it:

Steps to Transfer from Paysafecard to Skrill/Neteller:

1. Create an Account on Skrill or Neteller:
   • Visit the official websites of Skrill or Neteller and sign up for an account if you don’t already have one.
   • Complete any verification steps required by the platform.

   
   
   

2. Deposit Funds from Paysafecard to Skrill/Neteller:
   • Once logged into your Skrill or Neteller account, go to the Deposit section.
   • Choose Paysafecard as your deposit method.
   • Enter the amount you wish to deposit and follow the prompts to make the deposit using your Paysafecard credentials.
3. Withdraw Funds from Skrill/Neteller to Your Bank Account:
   • After the funds have been deposited into your Skrill or Neteller account, go to the Withdraw section.
   • Select your bank account as the withdrawal method.
   • Enter your bank account details (bank name, account number, routing number, etc.).
   • Confirm the withdrawal and complete the process.
4. Wait for the Transfer:
   • Depending on your bank and the payment service, the transfer may take a few hours to several days to complete.
   • Skrill or Neteller may charge a withdrawal fee, so be aware of the associated charges.

Option 2: Using a Paysafecard MasterCard

Another way to transfer money from your Paysafecard Wallet to your bank account is by using the Paysafecard MasterCard. You can use this prepaid card to withdraw funds at ATMs or transfer them to your bank account.

Steps to Transfer from Paysafecard to Bank via MasterCard:

1. Get a Paysafecard MasterCard:
   • Apply for the Paysafecard MasterCard from the official Paysafecard website.
   • Once you receive the card, load it with funds from your Paysafecard balance.
2. Link the Paysafecard MasterCard to Your Bank Account:
   • You can link the Paysafecard MasterCard to your bank account for withdrawals, or you can transfer funds from the Paysafecard MasterCard to your bank account using a bank transfer feature if your card provider allows it.
3. Withdraw Funds from the Paysafecard MasterCard:
   • Use the Paysafecard MasterCard at an ATM to withdraw cash.
   • Alternatively, if the card provider allows it, initiate a transfer of funds to your linked bank account.
4. Wait for the Funds:
   • Bank transfers or ATM withdrawals may take several business days, depending on the provider and your bank.

Option 3: Use a Third-Party Exchange Platform

Some online platforms offer services that allow you to exchange Paysafecard funds for a bank transfer. These platforms act as intermediaries to convert your Paysafecard balance into bank account funds.

Steps to Use Third-Party Exchange Platforms:

1. Find a Trusted Platform:
   • Search for a reputable platform that allows Paysafecard exchanges for bank transfers. Some platforms like Paxful or Exmo might provide these services.
   • Verify the platform’s reliability and user reviews before proceeding.
2. Create an Account:
   • Sign up and create an account on the exchange platform.
3. Deposit Your Paysafecard:
   • Follow the platform’s instructions to deposit your Paysafecard funds.
4. Request a Bank Transfer:
   • Once your Paysafecard balance is in the exchange platform, select the option to transfer the funds to your bank account.
   • Enter your bank account details and confirm the transaction.
5. Receive the Transfer:
   • The funds should be transferred to your bank account within a few days, depending on the platform and your bank’s processing times.

Important Considerations:

• Fees: Be aware of transaction fees when transferring funds from Paysafecard to third-party services, as well as when withdrawing to your bank account.
• Time: Bank transfers can take several days to complete, depending on the payment service and your bank.
• Exchange Rates: Some platforms or services may offer less favorable exchange rates, so compare options to get the best deal.
• Security: Always use secure, trusted platforms to avoid fraud and scams. Be sure to check the platform’s user reviews and ratings.