Finance

Paypal is one of the most widely used methods of sending and receiving money online across the globe quite easily and securely. The system is very easy to understand and use.

Simply confirm the email ID of beneficiary whom you would be sending money. Then log in to your account and click on option ‘send money’. There you have a blank field. Add the email ID of beneficiary and specify the amount you wish to send. You can choose the currency you want to use.

There are three options available for which you can make payments. Pick the most appropriate. Then click option ‘continue’. The next page will give you a detail of what you entered; email of recipient, amount and reason of sending money. Furthermore, you can customize the message for recipient. Once you are sure that details given are right, click on ‘send’ and your funds will be transferred immediately.

You will even get a confirmation email at your email ID that the amount is sent to the recipient.

There are numerous benefits of using this system over others. To begin with, the transfer is instant. The money is shown in recipient’s account within a minute or less. The funds can be sent via various options like credit card, Paypal balance or bank account. This system is very convenient and safe too. Your personal information and financial details are not shared with any third party. To add to it all, the currency options are amazing and you can choose any as per your requirement.

So many benefits make this system one of the top ways of sending money. Mostly online merchants also prefer this system over other gateways. So, it definitely is the mode of funds transfer that you can try. It is very simple to sign up and use.

Note:

RBI has recently restricted the use of paypal in India to only commercial purposes.  So, no personal payments can be sent to India using Paypal.  Further, Indians are asked to enter their PAN card number in PayPal account.

Tags: paypal. online money transfer, Send Money Online