How to send money via PayPal
PayPal is one of the largest digital money companies in the world, and it has millions of customers who use it to transfer their money around the world. Although very popular, you should take the time to review PayPal as a money transfer platform before you start using it to send money abroad, as there are a number of factors about PayPal that may or may not suit you.
In this blog we will analyse PayPal’s international money transfer features, and show you how to send money through PayPal, to help you decide whether it’s the right transfer service for you!
How do I send money via PayPal?
PayPal is an online service that is accessed via your web browser or through their smartphone app. You simply add a payment method to your account, add funds and then choose another PayPal account to pay.
How to send money from PayPal to a bank account
With PayPal you can also choose to send money directly to a bank account rather than another PayPal account. This is done via Xoom, PayPal’s money transfer service. You’ll usually have to pay fees for doing this.
Alternatively, you can send cash to your recipient’s bank or a money transfer pick-up point for a cash pick-up, which will also cost you money.
Here are some of the pros and cons of using PayPal for your money transfers:
Pros:
- PayPal is easy-to-use - it has a simple interface
- You can send money to over 130 countries, meaning that it has one of the largest global coverages
- You can choose how you want the money to be received, whether directly to a bank account or to be picked up as cash by your recipient
Cons:
- The fees can be higher than other transfer services for transfers to international bank accounts
- You can’t send money directly to a card, only a bank account
- PayPal can be more expensive if you pay with a credit/debit card rather than PayPal balance or bank account
- PayPal’s exchange rates may not be as good as with other money transfer providers
Are there fees to send money via PayPal?
Yes, there are fees to send money internationally with PayPal if you want to arrange a cash pick-up or to send to a bank account. The fees vary from country to country, and you should check the fees for your sending and receiving country. For example, if you want to send money from the UK to a bank account in Albania, it will cost you £6.99 as a transfer fee.
How long does it take for PayPal to send money?
PayPal is a fast money transfer service and your money should arrive within a few minutes, although sending money with PayPal can take much longer as there are extensive admin procedures, and the recipient’s payment institution may be slow.
Is there another option to PayPal?
When you send money to friends and family abroad, you want to reduce the fees as much as possible. The main factors that drive up the price are the exchange rate and transfer fees.
Paysend is a fast and simple money transfer platform that lets users send money directly to bank accounts or straight to cards - all you need is the recipient’s name and card number!
Money transfers to bank accounts with Paysend have zero transfer fees, and to cards cost just £1, €1.5 or $2 (or equivalent amount). Paysend uses excellent, competitive exchange rates, so if you send money with Paysend you might save yourself some money!
On the Paysend homepage you can find a useful tool to help you find out if your money transfers with Paysend are cheaper than with PayPal. Click here to visit the homepage and get started.
To get started, head to the App Store or Google Play and download the Paysend Global Transfers app!
Ultimi post
Ogni mese, migliaia di persone che lavorano nella Repubblica Ceca inviano una parte del proprio stipendio a casa; molti di loro sono cittadini ucraini che sostengono le proprie famiglie dall'altra parte del confine. E i metodi tradizionali rendono più complicato ciò che dovrebbe essere semplice: bonifici bancari che richiedono IBAN e codici SWIFT, commissioni che diventano visibili solo dopo l'invio del denaro e giorni di attesa mentre a casa qualcuno fa affidamento su quel trasferimento.
Pavel Štich aiuta da anni i suoi lettori a risolvere proprio questo problema. È cofondatore e caporedattore finanziario di Moneyo.cz, una piattaforma finanziaria ceca indipendente che mette a confronto servizi di trasferimento di denaro, broker e investimenti alternativi, oltre a essere Ambasciatore Paysend. Questo significa che prova personalmente ciò che consiglia, lo spiega in modo semplice e offre ai suoi lettori vantaggi esclusivi. Gli abbiamo chiesto come è nato Moneyo, chi sono i suoi lettori e perché ha scelto Paysend.
Il ritorno a scuola è uno di quei momenti dell'anno in cui si sente particolarmente la distanza dai propri cari. È anche uno dei periodi più costosi: materiale scolastico, uniformi, rette e spese quotidiane si concentrano spesso nello stesso periodo. Molte persone aiutano i propri familiari all'estero a coprire queste spese inviando loro del denaro. Per venire incontro a queste esigenze, i nuovi clienti Paysend possono effettuare il primo trasferimento senza commissioni e usufruire di un tasso di cambio più vantaggioso durante il periodo del ritorno a scuola.
Che si tratti di contribuire alle spese scolastiche o di aiutare a coprire le spese quotidiane, un trasferimento internazionale ti permette di sostenere i tuoi cari proprio quando ne hanno bisogno. Con Paysend puoi inviare denaro in oltre 170 Paesi utilizzando metodi di pagamento sicuri e convenienti. Ecco come registrarti gratuitamente e approfittare dell'offerta.
