Why PayPal is used

PayPal is used because it offers a quick and widely recognised way to send and receive payments across borders without requiring detailed bank information from the recipient. Businesses and freelancers rely on it for its buyer and seller protection features, ease of integration with e-commerce platforms, and the ability to hold balances in multiple currencies. However, PayPal's fees can add up quickly, especially for currency conversion, and fund transfers to Indian bank accounts often take several business days.

Indian exporters and freelancers looking for faster, more cost-effective alternatives often turn to platforms like Skydo, an RBI-authorised solution designed specifically for cross-border payments. For a detailed breakdown of PayPal's features, costs, and how it compares to other options, check out this PayPal overview to make an informed choice. Skydo typically delivers funds within one business day at lower conversion markups, making it a strong option for regular international transactions.