How to send money on PayPal
What is a PayPal account?
PayPal is a secure online service that allows you to shop online without sharing your financial information with the merchant when you pay.
As a business using PayPal, you can use the service to send money for purchases and receive money, which makes it a convenient way for customers to pay you.
Sending money with PayPal
Pay friends and family easily, and cover expenses.
Creating a PayPal account is easy and worry-free. Once you've registered, you can send money by simply logging into your account and clicking the Send Money tab at the top of every page.
You'll be asked to choose whether you want to add money from your linked bank account or from your paypal balance.
Once you've selected your funding source, just enter the payment amount you want to send from your bank account to your PayPal with the recipient's email address.
You can even include a personalized note about why you're sending money or what it's for!
Can I use the PayPal app for international money transfer?
In most cases, you can not use PayPal for international money transfer — but there are exceptions to send money abroad!
If you're sending money from one country within Europe or North America or making transfers to another country in Europe or North America, then you'll have no problem paying with PayPal.
What countries does the service allow me to transfer money to?
PayPal operates in over 200 currencies and supports most paying in major currencies with relative low fees with the payment option of your choice in most cases.
PayPal has a broad currency coverage.
USD, GBP, EUR are all accepted with the PayPal app.
How do I transfer money to PayPal from my bank account?
Transferring money is a simple process that only takes a few minutes.
First, you need to link your bank account to your PayPal account.
When you sign up for an account, enter your banking information in the PayPal app. If you already have an account and want to add a new bank account, simply log into your account and select “Add Money” from the menu on the left side of the screen.
When adding money, enter your bank details for the bank account you want to link. You will then be asked to review this information by providing an image of your debit card or current account statement.
You will see the available balance on your linked bank account screen in the upper-right corner of the website.
How much will I pay in currency conversion fee for international transfers?
You'll pay a standard fee for sending money, which can be 1.99 in the local currency, but is sometimes not applied. In addition to this, PayPal uses its own exchange rate, which differs from the current exchange rate, which you also need to factor into your costs. Be aware: Paypal international fees are typically much higher than other providers.
Cheap currency pair: USD to GBP
If you want to send 1,000 USD from the USA to the UK using bank transfer, then your total cost in PayPal fees would be only $0.70. This is because "1,000 x real GBP exchange rate" equals "1,000 x "PayPal GBP exchange rate"", and 1,000 x "PayPal GBP exchange rate" equals $0.7. No extra 1.99 fee applied, and the exchange rate is quite good.
Expensive currency pair: GBP to USD
But if you want to send 1,000 GBP from the UK to the USA using bank transfer, then your total cost in PayPal fees would be £23.7 — "£1,000 x real USD exchange rate" - "£1,000 x PayPal USD exchange rate" + £1.99 = £23.7 total costs.
Is my money safe when I use PayPal?
Yes! When sending money through PayPal, the payment is placed in a pending state while they are being transferred from your account to another account.
You'll have full access to that payment while they are in transit and before they have been received by the recipient.
Once the transfer to the recipient is completed, your withdrawal details are processed.
There is no fees for withdrawing funds from your PayPal balance into your linked bank account or debit card.
What countries does PayPal support to send money abroad?
PayPal is available in 200 markets and 25 currencies around the world.
Can I send money from my bank account to someone's PayPal account?
Yes, you can send money from your account and pay someone's PayPal.
Go to the Send Money page. Enter the email address of the person you want to send money to, or choose one from your contacts list. Enter an amount and your debit card information. Confirm your information, and check the fee details. Lastly, Enter your debit card PIN.
How do I transfer money from PayPal to my bank account instantly?
PayPal is a payment system that allows you to send payments for free. However, if you want to transfer money from PayPal to your bank account, you need to wait for the transaction to complete. Here are some ways you can transfer funds from PayPal instantly:
Withdraw money from PayPal using a debit card or bank account: If you have enough money in your PayPal account and you want to withdraw it, simply go to "Withdraw" and confirm the option that best suits your needs. You can choose between a debit card or credit card.
Transfer money from PayPal to your bank account: If you don't have enough funds in your PayPal account and need to transfer some money from another source (such as a credit card), go to "Transfer" and select "Transfer Money". Then select "Send." You can now enter the amount of money you wish to transfer and select the payment method (for example, credit card).
What are PayPal's exchange rate transaction fees?
The PayPal app exchange fees for US dollar conversion are above 2% at least.
How do I get a refund in the PayPal app?
If you've been charged more than you agreed on, or if you didn't receive what you paid for, we can help you get your money back quickly and easily.
After completing your online dispute form and you'll wait for a review of your claim within 30 days of filing it.
Is my cash balance automatically converted in PayPal?
The PayPal app transfers payment in a bank immediately. However, please note that PayPal doesn't provide free conversions to send to family internationally.
How much can I send to friends and family abroad with my PayPal account?
If you have an account, you can send money from your paypal account balance to a friend or family member via their email address or mobile phone number .
You can send money to friends and family in the U.S., Canada, the UK, Australia and 19 other countries.
PayPal allows you to send up to $10,000 per transaction. If you're sending more than $400 in 24 hours, then you'll need to verify your identity before being able to send that much again.
How do I transfer money from PayPal to my bank account instantly?
If you have funds in your PayPal account and want to transfer those funds to your bank account, you can do so instantly. However, if you want to transfer money from your bank account into your PayPal account, this process may take up to five days. As a payment method, Paypal also allows you to link your credit or debit card to fund a transaction and send money to anyone.
How can someone send me money to my PayPal account?
A convenient way to request money from someone who has an email address associated with their PayPal account, is to go to the "Send Money" tab. From there, click "Request Money".
Can I use PayPal for my business?
Yes. PayPal has many online banking tools to help you manage your business payments and invoicing efficiently. Your business can accept payments from customers, pay bills and transfer money between your accounts and set up merchant services to accept payment cards in store.
