How to Send and Receive Money through Paypal?

Have you ever wondered that how an international transaction is made, how can you transfer your money overseas. In this article we will provide all the details about PayPal, what is PayPal, how it works and how can it be used.


PayPal or PYPL is an international payment platform which allows a person to make transactions at an international scale. It was developed in 1990 by a software company called Confinity and later in 1999 it merged with (an online financial service company) founded by the most richest person on the planet and a technology genius Elon Musk for further development. PayPal got its fame in the 2010s when the digital era hit the world. In the current era PayPal has become one of the famous online payment gateway at an international level. 

What is PayPal?

PayPal is an American international financial technology which acts like an international payment gateway between multiple payments applications and banks, which allows a person to make an international transaction. All types of payment gateways / applications / cards / modes are available on PayPal.

How Does PayPal Work?

PayPal works as a link for payment services in between the consumers and merchants. Merchants use a PayPal card reader in brick-and-mortar stores or enable PayPal as a payment option on their websites. It also offers a non PayPal account holder to receive a PayPal transaction but the user / sender must create a PayPal account to make a transaction.

How to create Paypal account?

Step 1: Open website:

Step 2: Click on Sign Up button 

Step 3: Choose Which type of account you want to create: Individual Account (

Send payments only) and Business Account (Receive and send payments). Here, I choose Business Account. Then click on Next Button.

Step 4: Enter your email id: and Click on the Submit button. If you already have a Paypal account using a given email id, you can Login. 

Step 5: Enter your email id: and password: xxxxxx, if you don't know your password, you can reset your password. You must have registered email id and mobile number. After receiving OTP on your mobile number, verify it and enter your new password. When your password will reset, then Login with email id and new password.

Step 6: After successful login, you will see the Welcome page of Paypal. You will see multiple important sections: User Account Setting, Paypal Balance, Activity, Pay & Get Paid, Business Tools, etc.

Is Paypal Safe to Use?

Is Paypal available in India?

Is PayPal a Good Choice for a Consumer?

Is the app PayPal free?

What are the disadvantages of using PayPal?

Does it cost a fee to use PayPal?

PayPal for Business

PayPal also provide its services to businesses with a range of solutions for their day to day operations including online payment portals, in person transactions, business management services, credit and financing options, etc.

As PayPal has a large base of customers, it provides one of the most safest payment options which uses end to end encryption, two factor authentication and does not require the payor or payee to disclose credit card or bank account numbers for all types of payments.

PayPal Fees

Just like every other payment gateway PayPal also charges merchants some amount of money as its service fees. However, if you send cash to a friend or relative rather than a business, again in your home currency.

Other transactions that involve conversion, are charged 4% of the conversion money. Another transaction mode that uses your linked credit card is charged with a fee of 2.9% plus a fixed fee that may range differently depending on the receiver’s or sender’s country. Other types of payments such as buying or selling cryptocurrencies and sending charitable donations may incur with some amount of fees.

PayPal Market Holdings

PayPal is one of the most know online transaction gateway and it now holds a 32.3% share of the global market for online payment services, which makes it a dominating online payment service provider in the world for international payment services. The 2nd major online payment service provide is Stripe followed by Stripe Connect with a combined share of 40%.


PayPal is a widely used online payment service provider at an international scale and is safe to use. Any international payment is quick and easy to make with PayPal. Majority of international transactions are made by PayPal from small to medium to large business or industries.

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