Can You Use PayPal to Invest in Robinhood?

Do you wander if you can use PayPal to invest in Robinhood. Luckily for you, there is! Find out how to use PayPal with Robinhood and transfer money between accounts.

Filip Dimkovski
By Filip Dimkovski
Edited by Taj Schlebusch

Published August 30, 2021.

Since it's a convenient e-wallet, many people ask themselves "Can I use PayPal with Robinhood"? While you can't directly deposit to Robinhood via PayPal as a payment method, you can certainly transfer your funds to your Robinhood account via a Cash Card.

Applying for a PayPal Cash Card

You can apply for this card as long as you have verified your identity at PayPal's website and then order a PayPal Cash Card via Wells Fargo. Afterward, you can easily deposit and withdraw cash between your PayPal account and Robinhood directly. However, keep in mind that you could wait 2-4 business days for the transfers.

Can You Use PayPal

Although direct deposits may not always be possible, PayPal does make it easier for you to work with your money using their transaction services.