A small update to the PayPal app is rolling out in the Google Play Store that brings the ability to add funds to your account at your local 7-Eleven. The update builds on a feature that was introduced late last year which saw the same feature come to local CVS and Rite Aid stores. How it works is pretty straight forward. Take your phone and the money you want to add to your account to a participating 7-Eleven. Go into the app and go to Manage Balance>Add Money>Add cash at a store. Follow the prompts and you will get a barcode that you need to show to the cashier. Once they scan that barcode and collect your money, the funds will appear in your PayPal account in about 15 minutes. Quick, simple and easy.
As you would guess, there is a convenience charge to do this type of transaction which is $3.95. Also keep in mind that not every 7-Eleven (or CVS or Rite Aid for that matter) is setup to take funds like this. You will need to check with your local store.
It should be noted that if you want to transfer funds from your bank account to your PayPal account, there is no fee to do that. However, those funds can take up to 5 days to show up on your
account. So really, it comes down to just how fast you want or need the money in your account.
Beyond this new option for funding your account, there are no new updates or changes noted in the release notes.
If you have the PayPal app already installed on your phone, the OTA update should be coming to you over the course of the next day or two. If you don’t have an account or the app, you can download the app from the Play Store and sign up for one within it.