What to do when you receive money on PayPal

When you receive money on PayPal, the funds land in your PayPal balance and you can either keep them there for future online purchases or withdraw them to your linked Indian bank account. PayPal will convert the foreign currency to INR at their exchange rate, which typically includes a margin of 3% to 4% above the mid-market rate, plus transaction fees. Withdrawals to your bank usually take 3 to 5 business days to process.

For Indian freelancers and exporters receiving regular international payments, exploring alternatives like Skydo can offer better value. Skydo is an RBI-authorised cross-border payments platform built specifically for Indian businesses, offering faster transfers, more competitive exchange rates, and lower fees compared to PayPal overview options. You can verify your PayPal transaction details, ensure the payment reflects correctly, and then decide whether to continue using PayPal or switch to a more cost-effective solution for future payments.