You don’t need a PayPal Cash account to continue to use PayPal itself: you can keep using PayPal to send and receive money, so long as you’ve got a bank account and/or credit or debit card linked up. Why the change? Legal reasons – a new federal rule came into effect on April 1, 2019.¹ So long as you’ve confirmed your identity to PayPal at some point, that’ll all have happened automatically. If you were storing money in PayPal before then, your balance should have been moved into an automatically created PayPal Cash account. Before then, it was still possible to store money in PayPal – but not in a specific account called PayPal Cash. PayPal Cash accounts have only existed since March 29, 2019, in the USA. Wise's multi-currency Mastercard can be up to 4x cheaper when spending abroad, compared to banks and PayPalĪ PayPal Cash account is simply the place within PayPal where you can store money – not money in your bank account or on your credit card, but money kept in PayPal itself.
PayPal Cash and PayPal Cash Plus account fees. What are the differences between PayPal Cash and PayPal Cash Plus accounts?. What can I do with a PayPal Cash account?. This article will guide you through what a PayPal Cash account is, and how it works. You can also hold money within PayPal, in what’s now known in the US as a PayPal Cash account. PayPal is widely used as a way to make payments online, but that’s not all it can do. Travelling to Australia Austria Bangladesh Belgium Brazil Bulgaria Canada Chile China Colombia Croatia Cyprus Czech Republic Denmark Egypt Estonia Finland France Georgia Germany Greece Hong Kong Hungary India Indonesia Ireland Israel Italy Japan Kenya Latvia Liechtenstein Lithuania Luxembourg Malaysia Malta Mexico Monaco Morocco Nepal Netherlands New Zealand Nigeria Norway Pakistan Peru Philippines Poland Portugal Romania Russia San Marino Singapore Slovakia Slovenia South Africa South Korea Spain Sri Lanka Sweden Switzerland Thailand Turkey Ukraine Vietnam The UAE The UK The US. 
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