Does PayPal charge for transactions
Yes, PayPal charges fees for most transactions. When receiving international payments as an Indian freelancer or exporter, PayPal typically deducts a currency conversion fee (around 3% to 4% above the mid-market rate) plus a transaction fee that varies by region and amount. Withdrawing funds to an Indian bank account can also incur additional charges and may take several business days to process.
For a detailed breakdown of costs and how they compare to other options, check out this PayPal overview that covers all fee structures. Alternatively, platforms like Skydo offer RBI-authorised cross-border payments with transparent pricing, faster processing times, and often more competitive rates for Indian exporters and freelancers receiving payments from abroad.