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March 2021

Investment

How to Add Money to Paypal without Bank Account

Introduction

When we are talking about contactless methods for transaction money and payment, one of the first ways that comes to our mind is using E-Wallets or specifically the name of Paypal. Paypal, as one of the oldest and successful services in this sphere, always tries to be updated and be the most comfortable and safe online platform for users. However because of so many competitors, users still need some clarification; so in this short article, we will try to inform users about the possibilities for adding money to Paypal accounts, especially for those who don’t have a Bank Account..

Add Money to Paypal

There are two simple ways for adding money to a Paypal account. The First and most popular way is that users are going to link their Bank account with their Paypal account. So easily with the help of Paypal application, users can click on Wallet, Transfer Money and then Add Money to account, choose their Bank account and amount of money that they want to transfer. That’s a fast, safe and easy to use way for adding money to Paypal; However there is another possibility that Paypal especially from 2019 offered to users. Users who have an account can request for a Paypal Cash Card, it is like a normal Debit Card, so simply users can receive their card after 7 days and start to use it in the same way as other physical cards.

Add Money to Paypal without Bank Account

There are so many rumors and opinions in this case; However so many of them do not work or are not safe for users at all. The best way that users can add money to their Paypal without a Bank account is to use the Paypal App in this case. In the Paypal app users can choose “Manage Money” from the home screen, then select “Add Money” and later “Add Money at a Store”. So in this situation, users just need to choose the retailer that is near to them, places like 7-Eleven, CVS Pharmacy and RiteAid. Simply after that users can click on generate Barcode, bring that Barcode to the chosen store and give the amount of cash that they want to add to their Paypal to the register. Additionally we need to mention that this service is available in the US and the amount that can be added every time should be between 20$ to 500$. However there is a $3.95 fee that users need to pay for the transaction process. The transaction usually is fast and after 15 minutes it is available in the user’s Paypal Account. Read full Paypal review.

Conclusion

Definitely, Paypal is one of the most popular and safe services in the world. However the methods for adding money to accounts that are mentioned above, are significant points for Paypal to still be in competition and be the most beloved service among users.

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Investment

Significance of Additional Income for a Better Future

The investment you make mainly depends on your age. That is because, in various stages of life, your portfolio is going to change noticeably. In each decade of your life, you can invest in different markets. However, when you start investing at a young age, you get more time to grow your initial investments.

In this way, you get a golden chance to your wealth. And, you can leave your beneficiaries with a fair share of what you worked so hard to earn. For those who emphasize the current investment and uncertain times, there is always a prospect of a bright future ahead for them.

Furthermore, it is a great idea to start saving for retirement at an early age. And, mostly, the outcome is fruitful. But, like everything else, capital investment comes with risks as well. So, you need to have knowledge about them. Without further delay, we will share some low-risk ideas with you for a safe income stream.

1.     Compounding your Investments

Basically, in compound interest, you put your cash to work, and the money raises by itself. You can calculate a rough estimate of the years it will take to duplicate your initial investment. Similarly, you can re-invest your money for better gains.

According to many financial experts, the best time to invest is when you are in your mid 20’s and the second time is today. It is only possible to take advantage of compounding when you start investing sooner.

Generally, people who embrace the current market situation can manage things more efficiently. Therefore, rather than going after risky investments offering more returns, go for a safer plan.

2.     Invest in Real Estate

In many countries, due to the pandemic, every other industry is in uncharted waters. Only this market did not experience a downfall. That is what makes it a low-risk investment. As it is a guaranteed source of interest, purchase a property and stay put for a few years before using selling it.

Besides that, you can start by investing in a less expensive neighborhood. Real estate investment trust and rental properties are a steady way to generate an additional amount of money. In order to preserve and manage the money, you need a Personal finance App to lift the burden off your shoulders.

In Conclusion

On this note, everyone must begin investing as early as possible. We may not consider ourselves rich. Yet, for those who have a home, several investments, private property, retirement insurances, and all other plans that come under your name, these assets worth at least a million-dollar.

After the accumulation of a certain amount of money, you are subjected to pay multiple taxes. In case you are not successful in managing your wealth, you can lose a significant portion of taxes. For instance, most of your assets that include qualified plans and IRAs are in the retirement accounts. As a result, your estate can lose a fraction of its value to income taxes and federal estate.

That is when you need GuardianWealth Management to look into these issues.

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