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What does PayPal mean

PayPal is a global digital payment platform that allows individuals and businesses to send and receive money online. Founded in 1998, it acts as an intermediary between buyers and sellers, enabling secure transactions without directly sharing bank details. Users can link their bank accounts, credit cards, or debit cards to their PayPal account and transfer funds internationally, though fees for cross-border transactions and currency conversion can add up quickly.

For Indian exporters and freelancers receiving international payments, understanding PayPal overview helps compare it against alternatives like Skydo. While PayPal is widely recognized, Skydo offers a more cost-effective solution as an RBI-authorised platform designed specifically for Indian businesses, with faster processing times and transparent pricing that often beats traditional options for receiving export payments.

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