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Welcome to our blog. In todays article, we will be profiling the most talked about how to send money through paypal and more. Stay with us.
About PayPal
Online payments and receiving payments are safer and simpler with PayPal. Without disclosing any financial information, the service enables anyone to make payments however they like, such with credit cards, bank accounts, PayPal Smart Connect, or account balances.
With more than 325 million accounts globally, PayPal has quickly risen to become a market leader in online payment systems. By enabling payments across many locations, currencies, and languages, PayPal, which is accessible in 202 countries and 25 distinct currencies, facilitates worldwide e-commerce.
The most recent accolades, the 2006 Webby Award for Best Financial Services Site and the 2006 Webby People’s Voice Award for Best Financial Services Site, were given to PayPal. PayPal has won more than 20 awards for excellence from the internet industry and the business community.
How to send money through PayPal using your account
If you have a money request or invoice, you can easily make a payment using PayPal. Alternatively, if you have the person’s phone number or email address, you can arrange the payment yourself. How? Read on.
Step 1: Start the payment
Simply click the “Pay now” button to get going if you have an email with an invoice or money request. You could then be prompted to enter into your PayPal account before continuing, depending on the device you’re using.
You will need to sign into your PayPal account and then select the “Send and request” button if you need to initiate the payment yourself.
Step 2: Select whether you’re making a personal or business payment
If you’re organizing the payment yourself, PayPal will ask you to confirm whether you’re making a payment to a friend or relative in the US or abroad or whether you’re paying for products and services. Make sure you choose the appropriate service for your needs because the prices and charges for each one may vary.
Step 3: Enter the details for the recipient
You are required to enter the recipient’s phone number or email address. Before moving forward, confirm that you have this information accurate.
Step 4: Confirm the amount and currency
The amount you want to pay and the currency to use must then be confirmed. To achieve this, use the drop-down boxes and select the desired currency.
Step 5: Hit confirm, and choose a funding source
Select the payment method after making sure the payment has been entered accurately. At this point, you often have a few funding options to select from, including your PayPal amount, a linked bank account, a credit or debit card.
Every payment method has advantages and disadvantages. Knowing what you’re getting into is therefore a good idea.
| PayPal payment option | Pros | Cons |
|---|---|---|
| PayPal balance | Fully funded domestic payments: fee-free⁶
Funding domestic payment with balance and linked bank account: free⁶ |
International payments carry fees
Payments in currencies other than USD carry fees Partially funding with credit/debit card also carries fees |
| Linked bank account | Fully funded domestic payments: fee-free⁶
Funding domestic payment with balance and linked bank account: free⁶ |
International payments carry fees
Payments in currencies other than USD carry fees Partially funding with credit/debit card also carries fees |
| Debit/credit card | Possible to make a payment on PayPal without an account if you pay with credit/debit card | Paying with card brings much higher fees than paying with balance or linked bank account
Domestic payments cost 2.9% of the amount + $0.30³ International payments cost even more |
Step 6: Review the payment and you’re done
You’re essentially done once you’ve added your financing source. To confirm the payment, click the button. You’ll then get an email receipt confirming the payment’s processing.
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Thank you for reading our todays post on how to send money through paypal. We hope our article has been helpful.
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