A lot of people don’t know that Paypal has an autosweep function. Auto Sweep is when Paypal automatically transfers the money from your Paypal account to your bank on a daily basis (actually it’s at night, not during the day). It’s easy to set up, but hard to find. So, here is how to set up AutoSweep with Paypal.
First of all, Paypal only offers Auto Sweep to business and premier accounts. If you don’t have one of these types of accounts, you will need to upgrade. Be aware that business accounts incur charges differently than do personal accounts.
Log in to your Paypal account, and click on the Profile link, and select “My Money”:
Click on the drop-down arrow in the My Money Section:
Well look at that!
The rest is fairly self-explanatory, but here are screen shots just to guide you through it (and read on if you can’t find the Auto Sweep option where it should be):
If you simply don’t have the Auto Sweep option at all (in other words you followed these instructions but couldn’t find the option) and you are sure that you have a business or premier account, you will have to contact Paypal and ask them to enable it. To do that, go back to your Paypal home screen, and click on the “Help” link:
And then either call Paypal or write to them:
They will turn it on for you, and you’ll be ready to go!
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