How to use PayPal in India to receive money

To use PayPal in India to receive money, you need to create a business account, link it to your Indian bank account, and verify your identity with KYC documents. Once set up, you can share your PayPal email with clients to receive payments. However, PayPal charges currency conversion fees that typically range from 3% to 4% above the mid-market rate, plus transaction fees, which can make it expensive for regular use. Withdrawals to your Indian bank account usually take 3 to 7 business days.

For a more cost-effective alternative, consider Skydo, an RBI-authorised platform built specifically for Indian exporters and freelancers. Skydo offers better exchange rates, lower fees, and faster transfers compared to traditional options. You can review a detailed PayPal overview to understand the differences and choose the solution that works best for your cross-border payment needs.