How does PayPal work

PayPal is an online payment platform that allows users to send and receive money electronically. When you create a PayPal account and link it to your bank account or card, you can pay for goods and services or receive payments by simply using an email address. For cross-border transactions, PayPal converts currency and transfers funds to your linked account, though it typically charges a currency conversion markup and transaction fees that can add up, especially for freelancers and exporters receiving international payments regularly.

Indian businesses and freelancers looking for a more cost-effective alternative often turn to platforms like Skydo, an RBI-authorised service built specifically for receiving cross-border payments. While a PayPal overview reveals its ease of use for casual transactions, Skydo offers faster processing times, better exchange rates, and lower fees tailored to professional export and freelance work, making it a smarter choice for regular international income.