Does it cost money to open a PayPal account

No, opening a PayPal account is free. PayPal does not charge setup fees or monthly maintenance charges for personal or business accounts. However, you will incur transaction fees when you receive payments, typically around 4.4% plus a fixed fee per transaction for international payments, which can add up significantly for Indian freelancers and exporters.

For a more cost-effective alternative, consider platforms like Skydo, an RBI-authorised cross-border payments solution designed specifically for Indian businesses. You can review the full PayPal overview to understand how fees and features compare when receiving international payments. Skydo typically offers faster processing times and lower costs than traditional platforms, making it a stronger choice for receiving payments from overseas clients.