How to setup PayPal in India
To set up PayPal in India, visit the PayPal website and click "Sign Up" to create a business or personal account. You'll need to provide your email address, phone number, and PAN card details for verification. Once your account is created, link your Indian bank account and complete the two-step verification process by confirming the small deposits PayPal sends. After verification, you can start receiving international payments, though PayPal charges currency conversion fees and withdrawal fees that can add up.
If you're looking for a more cost-effective alternative, consider Skydo, an RBI-authorised platform designed specifically for Indian exporters and freelancers. You can explore the PayPal overview to understand how different platforms compare for receiving cross-border payments. Skydo typically offers faster transfers and lower fees compared to PayPal, making it a strong choice for professionals who receive frequent international payments.