PayPal Routing Number: Digital Payments Banking Guide

What is the PayPal routing number?

PayPal uses routing number 031101279 for direct deposit and ACH transfers into your PayPal account. This routing number belongs to The Bancorp Bank, N.A., which is the FDIC-insured banking partner that provides deposit account services for PayPal.

PayPal is a global digital payments company founded in 1998, with over 400 million active accounts worldwide. PayPal's direct deposit feature allows users to receive paychecks, tax refunds, and government benefits directly into their PayPal balance.

How to find your PayPal routing number

To find your PayPal routing and account numbers, log into PayPal and go to your wallet. Select 'Direct Deposit' to view your routing number (031101279) and your unique PayPal account number for receiving deposits.

Note that PayPal's routing number is for receiving ACH deposits only. PayPal uses different systems for sending money — including PayPal transfers, Venmo, and Xoom — rather than traditional ACH origination with this routing number.

PayPal direct deposit and transfers

You can set up direct deposit into PayPal using routing number 031101279 and your PayPal account number. This works for employer payroll, tax refunds, Social Security benefits, and other recurring ACH deposits.

PayPal offers instant transfer to linked debit cards and standard transfers to bank accounts. Business accounts can receive payments through PayPal checkout, invoicing, and PayPal.me links in addition to ACH deposits.

PayPal business accounts

PayPal Business accounts provide payment processing, invoicing, working capital loans, and business debit cards. PayPal charges merchant fees for payment processing, typically 2.99% + fixed fee for standard card-present transactions.

PayPal integrates with major e-commerce platforms, accounting software, and POS systems. Their business tools include checkout buttons, recurring billing, and multi-currency support for international sellers.

How Slash compares to PayPal

PayPal is primarily a payment processing platform, while Slash is a complete business banking solution. Slash offers up to 2% cashback on card spend, unlimited virtual cards with per-card controls, and a full business checking account with treasury yield — features PayPal does not provide.

For businesses that need banking infrastructure beyond payment acceptance, Slash delivers real-time spend tracking, stablecoin payments, automated expense categorization, multi-entity support, and native accounting integrations in a single platform.