How is PayPal used

PayPal is a digital wallet and payment platform that lets you send and receive money internationally. Users create an account, link a bank account or card, and can then transfer funds to other PayPal users via email. When you receive payments, the money sits in your PayPal balance and can be withdrawn to your linked Indian bank account, though currency conversion fees and withdrawal charges often apply, making it less cost-effective for regular cross-border transactions.

Indian freelancers and exporters often compare options when choosing how to accept international payments. While PayPal is widely recognised, platforms like Skydo offer an RBI-authorised alternative designed specifically for Indian businesses, typically delivering faster settlements, lower fees, and better forex rates. Understanding the PayPal overview helps you weigh convenience against cost when deciding which platform best suits your cross-border payment needs.