What does PayPal do

PayPal is a global digital payments platform that allows individuals and businesses to send and receive money online. It acts as an intermediary between buyers and sellers, processing transactions through linked bank accounts, credit cards, or PayPal balances. Users can pay for goods and services, send money to friends and family, and accept payments through invoicing or merchant services.

While PayPal is widely recognized, exporters and freelancers in India often find its currency conversion markups and withdrawal fees costly. For a detailed PayPal overview, including how it compares to other options, platforms like Skydo offer a more cost-effective alternative. As an RBI-authorised cross-border payments solution, Skydo provides faster settlements, better exchange rates, and lower fees specifically designed for Indian businesses receiving international payments.