[Animats]

> Link one bank account (not your primary) to PayPal to receive money, and transfer received money immediately.

Costs 1.5%. Or wait a few days.[1] Plus a fee for receiving cryptocurrency. There are additional fees for buying cryptocurrencies, other than PayPal's own. And none of this is FDIC insured.

[1] https://www.paypal.com/us/legalhub/paypal/pp-balance-tnc?loc...

[Karrot_Kream]

Their fees for cryptocurrency are small (between 1.5% - 2.5% depending on amounts, higher amounts have a lower fee), but they take it on both the buying and selling end. So if the amounts you're moving require a 1.8% fee, then for both buying and selling you end up with 3.6% in fees. Coinbase and most other CEXes charge this and they claim part of the fee is due to instability in the price, so this fee acts as a spread they can use to not lose money.

[margalabargala]

I think they meant, initiate the transfer immediately. There's no need to pay for the "fast" transfer vs standard ACH.

[Animats]

Does PayPal support FedNow? Bank-to-bank transfers in under 10 seconds, for $0.045 each? Nah.

[Karrot_Kream]

How many banks do? Not just theoretically, but practically.

Mine does supposedly but does not let me, the account holder, use FedNow. Instead I'm stuck using Zelle which I can hit the limits of just by paying a mortgage payment.

[masfuerte]

With PayPal in the UK you can do an instant transfer for free or pay extra for a two-day transfer. I don't know why the option is still there or why anyone would choose it.