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Does PayPal have KYC

Yes, PayPal has KYC (Know Your Customer) requirements. To use PayPal for receiving international payments in India, you must complete identity verification by submitting documents such as your PAN card, address proof, and bank account details. PayPal may also request additional documentation depending on your transaction volume and account activity. While PayPal's KYC process is straightforward, the platform charges relatively high fees on cross-border transactions and currency conversion, which can add up quickly for freelancers and exporters.

If you're looking for a more cost-effective alternative with transparent compliance, Skydo is an RBI-authorised platform built specifically for Indian exporters and freelancers. You can explore a detailed PayPal overview to understand how different platforms compare. Skydo combines regulatory compliance with competitive pricing and faster settlement times, making it a strong choice for receiving payments from international clients without the burden of excessive fees.

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