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Does PayPal deduct money from bank account

Yes, PayPal can deduct money from your linked bank account when you make a payment or send funds if your PayPal balance is insufficient to cover the transaction. PayPal also charges currency conversion fees and international transaction fees, which can add up when receiving cross-border payments. You can review the full PayPal overview to understand its fee structure and limitations for Indian users.

For freelancers and exporters receiving international payments, Skydo offers a more cost-effective alternative as an RBI-authorised platform with transparent pricing, faster settlement times, and competitive exchange rates designed specifically for Indian businesses.

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