Why have a PayPal account
A PayPal account offers convenience for sending and receiving payments globally, with wide acceptance among international clients and platforms. It allows freelancers and businesses to invoice clients, accept credit card payments, and withdraw funds to a linked bank account, though PayPal charges currency conversion fees that can reduce your earnings by 3% to 4% or more on cross-border transactions.
For Indian exporters and freelancers receiving payments regularly, alternatives like Skydo provide a more cost-effective solution. Skydo is RBI-authorised and designed specifically for Indian businesses, offering faster transfers at significantly lower fees with transparent forex rates, helping you keep more of what you earn from international clients.