How to Transfer Money from PayPal to GoTyme: 2025 Guide

If you, like many other Filipinos, receive payments from overseas clients or employers through PayPal, you may be wondering how to transfer that money to a local bank for everyday use. Since PayPal isn’t commonly accepted for local purchases or bills, moving your money to a digital bank like GoTyme makes accessing your funds much more convenient.

In this guide, we’ll walk you through everything you need to know about transferring money from PayPal to GoTyme, including eligibility, steps, fees, limits, and timelines. We'll also introduce the Wise account, a handy companion to make your money go further with low, transparent fees.

Can you transfer money from PayPal to GoTyme?

Yes, you can transfer money from PayPal to GoTyme as long as you link the two accounts. Both accounts must be verified as well.

To verify your PayPal account, you must register, then add and confirm a bank account or add and confirm your debit or credit card.¹

To create an account with GoTyme, you must upload a government-issued ID, selfie, and personal details like your name, email address, and phone number.² GoTyme will then check and verify your account within two banking days; no additional verification steps are necessary.³

Eligibility to transfer from PayPal to GoTyme

Before you transfer money from PayPal to GoTyme, you must meet the following prerequisites⁴:

• Have a verified PayPal and GoTyme account
• Be a Filipino citizen to open a GoTyme account
• Be at least 18 years old⁵
• Hold a valid government ID, such as a passport, driver’s licence, or UMID
• Have a valid phone number and email address

How to link your GoTyme account to PayPal

One more step you need to take before transferring funds from PayPal to GoTyme is linking your accounts.⁶

1. Log in to your PayPal account on the app or website.
2. Navigate to your Wallet and select Link a card.
3. Enter your GoTyme Bank card details and select Link card.

If you don’t have a physical GoTyme Card yet, you can order one through the app or visit a kiosk. Or, you can get your card details directly from the GoTyme app.

How to send money from PayPal to GoTyme

Now that your PayPal and GoTyme accounts are linked, you can initiate a transfer by following these steps.⁶

1. Log in to your PayPal account on the app or website.
2. Select Send and select your GoTyme Bank debit card.
3. Enter the amount you want to transfer to your GoTyme account and your preferred currency to send and receive in.
4. Select Next, then choose whether to pay with your PayPal balance or another linked account.
5. Select Next again and ensure all the information you entered is correct before selecting Send.

You can also initiate the transfer from the GoTyme app by⁶:

1. Log in to the GoTyme app and select Deposit.
2. Select From Overseas Deposit.
3. Select PayPal.
4. Enter the amount you want to deposit and confirm.

PayPal to GoTyme transfer fee

To transfer your money from PayPal to GoTyme, you’ll have to pay a fee of 1% the transferred amount, with a minimum fee of 10 PHP and a maximum of 500 PHP.⁷

For example, if you want to transfer 2,500 PHP from PayPal to GoTyme, you’ll have to pay a fee of 25 PHP.

PayPal to GoTyme exchange rate

You may also lose money on PayPal’s exchange rate if you have international currency and need to convert your funds to PHP, as PayPal charges a 3% markup on the mid-market rate.⁷

Here’s PayPal’s exchange rate⁹ compared to the mid-market rate¹⁰ on Wise when converting USD, AUD, or EUR to PHP:

Disclaimer: Exchange rates were captured on 16 September 2025

You can also use PayPal’s currency calculator (found in your Wallet) to check the rate you’d get and how much your recipient would receive for full transparency.

How long does a PayPal to GoTyme transfer take?

When you initiate a transfer from PayPal to GoTyme, you can choose between an instant transfer or a standard transfer.

If you chose an instant transfer, you should see your money within minutes, but it can take up to 30 minutes.⁸

If you choose a standard transfer, you should receive your money within 48 hours.

What are the transaction limits?

GoTyme doesn’t list any deposit limits, and you can send up to 60,000 USD (about 3,400,000 PHP) in a single transaction with PayPal, though the platform may limit you to 10,000 USD (about 571,000 PHP).¹¹

Make foreign currency transfers, receive payments from abroad and convert to PHP cheaper and easier with the Wise account

Wise international money transfers can be set up online or within the Wise app with low fees from 0.57% and the mid-market rate, to over 140+ countries. There’s no markup added to the exchange rate that’s used to convert your currency, which makes it easier to see exactly what you're paying for a transfer, and what the recipient will get in the end. Just transfer the amount indicated in PHP and let Wise do the rest.

To make sending foreign currency even easier, create a free Wise account, and you'll be able to manage and convert your money in PHP and 40+ other currencies. You'll get the same great rates, and be able to track your transfers all from one place. You can also get 8+ local account details to be able to receive money in PHP, USD, GBP, and more.

🚀 Get started with Wise

1. How do I verify my PayPal account?
2. GoTyme: Opening an account via the app
3. GoTyme: My account verification is pending. What should I do?
4. GoTyme: What are the basic requirements to open a GoTyme Bank account?
5. PayPal User Agreement
6. GoType: Deposit via PayPal
7. PayPal Consumer Fees
8. How do I withdraw money from my PayPal account?
9. PayPal Currency Converter
10. Wise Currency Converter
11. What’s the maximum amount I can send with my PayPal account?