PayPal is a financial technology company with over 286 million active accounts worldwide. The company's mission is to make financial services available to everyone, everywhere. Through its open digital payments platform, PayPal empowers businesses and individuals to participate in the global economy. As a result, the company offers a variety of credit products for both merchants and consumers. These products allow consumers and businesses to choose how and when to pay for purchases.The company accepts payment from a variety of sources, including debit and credit cards, stored value products, and other forms of funding. It also supports domestic and international P2P fund transfers, as well as PayPal Credit products.
|
PayPal Year Established |
1998 |
|
PayPal International Clients |
PayPal accepts international clients. |
|
PayPal Age requirement |
18 years |
|
PayPal Currencies Offered |
25 online |
|
PayPal Minimum Transfer |
None |
|
PayPal Transfer Fees |
2.9%+0.30 EUR |
|
PayPal Office Locations |
Headquarters in US, with subsidiary offices and certified agents literally across the globe. |
|
PayPal Employees |
320 |
|
PayPal Turnover |
25 Billion USD |
|
PayPal Regulation |
Federal Trade Commission |
|
PayPal Fees |
PayPal transfer fees are 2.9%+0.30 EUR. Fees with PayPal may vary per transfer, depending on method of sending, currencies and amount. Based on World Bank statistics, the fixed fee can be as high as 19 Pounds for 120 Pound transfer to Ethiopia (source). Additionally to the fixed fees taken by PayPal, the World Bank Statistics reveal that an additional markup of between 1 and 4 per cent is incurred. |
|
PayPal Client Rating |
PayPal has a rating of 3. |
|
Number of PayPal customers |
295000000 |
|
PayPal Website |
|
|
PayPal Supported Languages |
All major languages |
| Month | Savings |
|---|---|
| January | $100 |
| February | $80 |
Most of the time money transfers with PayPal will be smooth. Each money transfer service have their own benefits and isses, so always weigh the pros and cons of sending money with PayPal money prior to submitting an application to PayPal.
Can you easily afford the PayPal fees, are the exchange rate costs reasonable with PayPal?
PayPal is a financial service company, that offers its clients money transfer services.
PayPal was founded in 1998 by Sameera Rao and has offices in San Francisco (US).
PayPal provides money transfer services to its 295000000 customers who are from all over the world including more than 200 countries.
The San Francisco (US) PayPal business was founded in 1998 to deliver money orders locally and internationally.
Money transfer businesses, or other financial corporations use EFT (electronic funds transfer) to send money across distances, large or small. That is to say that it is not actual money being sent, it is rather data that represents the amount being sent that the recipient can withdraw whenever they wish.
PayPal is among the most recognized and reputable money transfer platforms. It has an exceptional track record and offers reasonable rates.
PayPal was established in 1998 in San Francisco (US), and has been in operation for around 26 years PayPal have a head office in San Francisco (US).
PayPal money transfer exchange rates are quite minimal compared to banks and other money transfer providers. A minimal percentage is charged on top of the exchange rate as standard practice. PayPal only charges 2.9%+0.30 EUR, when compared to other money transfer service providers.
The maximum transfer amount with PayPal is up to US$60,000.00 (varies) (or its currency equivalent) online.
While PayPal charges a small percent of transfer fees, the brand offers reasonable exchange rates.
When transferring money with PayPal, it is crucial to keep tabs on the following:
|
|
| |
| Name | PayPal | XE Money Transfer | Wise Multi-Currency Account |
| Usedby | 295000000 | 280000000 | 11000000 |
| Transfer Time | 30 min | 1-4 business days | 1-2 business days |
| Min Transfer | None | US$1.00 | 1 USD |
| Max Transfer | US$60,000.00 (varies) | US$500,000.00 (or equivalent) | 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business) |
| Payment Methods | Bank transfer, P2P mobile payment | Bank transfer, credit card, debit card | Bank transfer, debit card, credit card, SOFORT transfer |
| iOS App | yes | yes | yes |
| Android App | yes | yes | yes |
Any taxes or charges are payable in the destination country. costs may exist that are not paid through PayPal or imposed by PayPal. Your PayPal money transfer transaction may be cancelled if it is demmed to be connected with prohibited activities including all applicable laws regarding anti money laundering or counter terrorism financing laws. or the transaction is actioned through unauthorised use of your PayPal account.
Several money transfer platforms like PayPal charge money for every money transfer a customer makes through their platforms. Other than that, every time an individual exchanges money from one particular currency to another, the money transfer operator in this case PayPal may charge for a currency exchange.
A transfer fee is the sum of money that a money transfer operator like PayPal charges a customer for transferring money to a recipient. The amount charged depends on the operator charging it.
Exchange rate margins are how PayPal, banks and other financial corporations make profit off their services instead of charging customers with commission fees.
When a bank or a money transfer service like PayPal quotes an exchange rate to a customer, they usually take the interbank rate and add an amount known as a margin rate. Check with PayPal to see what their exchange rate margin is.
A PayPal fund transfer is when someone sends money from their account to another person's account. Money can be transferred using different methods, e.g. online, via the phone, or a mobile app.
The methods to transfer funds are:
PayPal enables users to transfer money using bank transfer, via none.
Money transfer operators that offer more currency options are beneficial because they make for reduced conversion fees. This way customers do not have to pay exorbitant conversion fees when transferring money.
PayPal offers every available world currency to its customers. We list the major PayPal supported currencies below.
| Name | Currencies |
|---|---|
|
| AUD, BRL, CAD, CNY, CZK, DKK, EUR, HKD, HUF, ILS, JPY, MYR, MXN, TWD, NZD, NOK, PHP, PLN, GBP, RUB, SGD, SEK, CHF, THB, USD |
|
| AED, BDT, BHD, BTN, HKD, IDR, ILS, INR, JOD, JPY, KWD, LKR, MYR, NPR, OMR, PHP, PKR, QAR, RUB, SGD, THB, TRY, TWD, VND, BAM, BGN, CHF, CZK, DKK, EUR, GBP, HRK, HUF, NOK, PLN, RON, RSD, SEK, BBD, CAD, CRC, DOP, GTQ, HNL, JMD, MXN, TTD, USD, XCD, AUD, FJD, NZD, TOP, WST, ETB, GHS, GMD, GNF, KES, MAD, MUR, MZN, RWF, SLL, TND, TZS, UGX, ZAR, ARS, BOB, CLP, COP, GYD, PEN, PYG, UYU |
|
| AED, ARS, AUD, BDT, BGN, BWP, CAD, CHF, CLP, CNY, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW |
| ALL, ARS, EUR, BSD, BDT, XOF, BOB, BRL, BGN, BIF, USD, XAF, CLP, CNY, COP, KMF, CRC, HRK, CZK, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, GYD, HNL, HUF, INR, IDR, JMD, JPY, JOD, KES, MGA, MWK, MYR, MXN, MAD, NPR, NGN, PKR, PYG, PEN, PHP, PLN, RON, RUB, RWF, SLL, ZAR, KRW, LKR, TSZ, THB, TND, TRY, UGX, UYU, VND, ZMW |
| AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW |
| AED, EUR, PLN, AUD, GBP, SEK, CAD, HKD, SGD, CHF, HUF, USD, CZK, NOK, ZAR, DKK, NZD |
| AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, FJD, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, UYU, VND, XOF, ZAR, ZMW |
| AUS, SGD, HKD, INR, MYR, EUR, GBP, USD, CAD, JPY, NZD |
| USD, AUD, CHF, EUR, HKD, JPY, BBD, BMD, BSD, DKK, GYD, INR, JMD, KYD, MXN, NOK, NZD, SAR, SEK, SGD, TTD, ZAR, GBP |
| AUD, BGN, CAD, HRK, CZK, DKK, EUR, HKD, HUF, INR, ILS, JPY, JOD, MYR, MAD, NZD, NOK, OMR, PLN, GBP, QAR, RON, SAR, RSD, SGD, ZAR, KRW, SEK, CHF, THB, TRY, AED, USD |
| AED, AUD, BND, CAD, CHF, CZK, DKK, EUR, FJD, HKD, HUF, IDR, ILS, INR, IRR, JPY, KRW, KWD, LKR, MAD, MXN, MYR, NGN, NZD, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SCR, SDG, SEK, SGD, THB, TOP, TRY, TWD, USD, VND, VUV, WST, XOF, XPF, ZAR |
| EUR, GBP, USD, CAD |
PayPal offers the following transfer options:
| Name | Transfer Options |
|---|---|
|
| PayPal wallet |
|
| Bank deposit |
|
| Bank deposit, mobile wallet deposit |
|
| Bank deposit, cash pick-up, home delivery, mobile wallet deposit. |
|
| Bank deposit, mobile wallet deposit |
|
| Bank deposit, mobile wallet deposit |
|
| Bank deposit, mobile wallet deposit |
|
| Bank deposit, cash pick-up (Philippines) |
|
| bank deposit, cheque, wire transfer, debit card, credit card |
|
| Bank deposit, cash pick-up, VISA & MasterCard, ATMs, mobile wallet deposit (depending on country) |
|
| Bank deposit |
|
| Bank deposit, cash pick-up , door-to-door delivery |
’Single payments’ is a term used to recognize a one-time money amount from an allowance. For a single payment, the user may use a single credit card (or debit card) and have a single invoice.
A regular payment is a highly economical and easy way to transfer money with PayPal. It is best suited for customers who have to transfer regular smaller amounts (usually three, four, or smaller five-digit amounts).
PayPal offers services for sixty different currencies across more than one-seventy countries.
The more global a money transfer operator becomes, the more reliable it is for people across the globe.
PayPal does not operate in the following countries :
Certain countries are restricted because PayPal is not allowed to legally operate in those regions or it is not economically viable for PayPal to provide money services in these regions.
An International Transfer is when someone sends money from their account in one country to a bank account in another country.
Setting up your PayPal money transfer is quick and simple with the modern PayPal online platform.
Transferring money internationally used to be a tedious process 10 years ago but advances in software and the internet have made transferring money allot easier.
These days, you can send a money transfer with ease on the PayPal website.
The PayPal website includes useful and easy-to-access option for those who wish to track their money and monitor when it can be received, providing a safe and accessible option if you'd like to keep an eye on your transfer.
Several money transfer companies do not have a minimum money transfer amount. Making it easy for their users to send small amounts of money. PayPal has a minimum transfer amount of None.
Money transfer companies often do not have maximum transfer limits. For example, PayPal does not have a maximum transfer limit when the user is paying through phone. There is however, a US$60,000.00 (varies) limit per transaction for online transfers.
These are the fees charged by PayPal and other money transfer companies (or other financial corporations) for transferring money. Several companies however, do not charge their users for transferring money. The only charges there are to pay are currency conversion charges.
PayPal money transfers do not usually take very long. It normally takes less than 24 hours for a money transfer to complete between two accounts with the same financial corporation. While in the case of money transfers with money transfer services like PayPal, it can take a little as a few minutes. If the money is being sent overseas, it can take up to five days for the recipient to receive the money from PayPal.
If a company has the acronym PLC at the end of its name, it means that the business offers its shares to the public and is traded on a public stock exchange. This alone makes the company more reputable. PayPal is not a publically listed company. PayPal is a privately owned company.
The charges for issuing money orders with PayPal are 2.9%+0.30 EUR.
PayPal offers mobile top ups.PayPal mobile top ups are where a user can add credit to a recipient’s mobile phone number. The recipients number has to be local. These are normally processed within minutes, if not seconds.
Some money transfer companies offer COVID-19 financial assistance. This may be in many forms including payment holidays, reduced interest rates and more options to pay. Check with PayPal directly to see what they are able to offer if you are adversely affected by COVID-19.
There may be many reasons you are looking to action a money transfer with PayPal. These reasons can include debt consolidation, medical bills, student debt, collection agency debt, wedding costs, holidays, home repairs and repaying friends and family.
PayPal money transfers are best for people looking for looking for a reliable fast money transfer service.
For PayPal to be able to process your money transfer application as quickly as possible make sure you have everything PayPal need. If you and PayPal need to go back and forth it may delay the PayPal application process. Make sure every piece of information you give PayPal is accurate.
Please note that you must have at least a minimum of one active bank account for PayPal to process your money transfer.
Application time refers to the amount of time you have to wait for your PayPal registration to be approved. This should not take long, especially if you have nothing which should come up as red flag on the PayPal system.
It is the time it takes for PayPal money transfer operator to approve the money transfer being made. Depending on the situation this can take up to five days.
It is the amount of time it takes for the recipient to receive the money transfer. Once your PayPal money transfer has been approved the money should be in your account within four working days.
Why more features are useful for modern life’s and why new challenger banks are starting to beat traditional banks.
Here are a number of important things to consider before considering PayPal money transfer:
PayPal support should be there to help customers with their issues which includes answering their queries, guiding them through and difficult processes and issues when transferring money. PayPal customer support should troubleshoot any issues with you until you get to a resolution that you are happy with.
When getting a PayPal money transfer you will want to speak to a PayPal representative in a language that you are comfortable with. All your Money Transfer queries and issues should be resolved quickly.
Customers can reach out to PayPal through live chat to resolve PayPal money transfer account issues or difficulties with their PayPal account that they can't solve. Live chat, or live support is a real-time live chat feature used by customer support representitives allowing customers to instant message to and receive guidance from a trained agent regarding a your money transfer related query.
When deciding upon a money transfer company like PayPal you will want to know how PayPal compares with other leading online money transfer companies. See how PayPal compares below.
Used By: 280000000
Currencies Available: 76
Transfer Fees: none
Payment Methods: Bank transfer, credit card, debit card
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: US$1.00
Max Transfer: US$500,000.00 (or equivalent)
Year Founded: 1993
Used By: 11000000
Currencies Available: 54
Transfer Fees: 0.5%-1%
Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: 1 USD
Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
Year Founded: 2011
Used By: 3000000
Currencies Available: 63
Transfer Fees: 0-3.99$
Payment Methods: Bank transfer, credit/debit card
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: US$1.00
Max Transfer: US$20,000.00
Year Founded: 2011
Used By: 11000000
Currencies Available: 54
Transfer Fees: 0.5%-1%
Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: US$1.00
Max Transfer: US$1,000,000 (varies based on currency)
Year Founded: 2011
Used By: 150,000
Currencies Available: 17
Transfer Fees: 0.45%
Payment Methods: Bank transfer, debit card
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: £5.00 (or equivalent)
Max Transfer: £10,000,000.00 (or equivalent)
Year Founded: 2009
Used By: 11000000
Currencies Available: 55
Transfer Fees: 0.5%-1%
Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: 1 USD
Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
Year Founded: 2011
Used By: 130000000
Currencies Available: 11
Transfer Fees: 0%-1%
Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
Year Founded: 2014
Used By: 25,000,000
Currencies Available: 23
Transfer Fees: none
Payment Methods: Bank transfer, debit card, credit card, apple pay, google pay, Scotiabank Saddletone gift cards
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: none
Max Transfer: 10000 USD
Year Founded: 1832
Used By: 120,000
Currencies Available: 33
Transfer Fees: none
Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: US$1.00 (varies based on certain currencies)
Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
Year Founded: 2001
Used By: 150000000
Currencies Available: 46
Transfer Fees: 0-1.99$
Payment Methods: pay by card or directly from your bank account
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: none
Max Transfer: 3000 USD
Year Founded: 1940
Used By: 250000000
Currencies Available: 4
Transfer Fees: 0$-40$
Payment Methods: Bank transfer, debit/credit card, PayPal balance
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: US$10.00
Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
Year Founded: 2001
PayPal has a website available online but it may be useful to manage your PayPal account from your mobile device like your tablet or phone.
PayPal offers an Android mobile application on the Google Play store.
PayPal offers an Apple IOS mobile application for iPhones and iPads allowing PayPal to users to check their PayPal accounts on their iOS mobile devices.
PayPal offers the following Money Transfer payment methods: Bank transfer, P2P mobile payment. All of significant bank systems are all acknowledged with PayPal.
PayPal offers ACH Payment which is used for direct deposit and debit transfers within the US. It is similar in nature to BACS (for the UK) and EFT (for Canada). Users can pay through bank transfer.
The recipient will receive the money in their bank account and can withdraw it using the method they prefer. They cannot, however, receive the money in the form of cash.
Take note that PayPal may charge additional commissions and fees when using certain payment and withdrawal methods. These fees may not necessarily come from PayPal.
PayPal is a reliable, secure, and trusted option for sending money overseas. PayPal are registered and regulated with the Federal Trade Commission.These regulatory licenses have strict rules that are enforced. These regulations safeguard the funds entrusted to them by PayPal customers.
Every business that wants to send money across borders (in excess of €3 million per month) must be licenced under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011, both of which were created by the UK government but executed by the FCA for UK residents.
Consumer credit, in simple terms, is credit offered to individuals so they can purchase goods or cover personal expenses. It does not cover long term investments such as purchasing property. It allows for a properly managed economy to function and further encourages economic growth.
Firms like PayPal that offer money transfer to retail customers are legally considered to be offering consumer credit.
A financial regulator ensures that consumers are protected, there is fair competition in the money transfer industry and the integrity of the Financial services industry as a whole is maintained.
Getting a money transfer with a regulated company is essential as it offers an increased level of protection than a money transfer from an unregulated one. This is because regulators are able to enforce strict rules and stop unscrupulous money transfer operators.
Laws differ on who can and cannot offer consumer credit in each country. Credit firms have strict rules that they must follow in order that they are legally allowed to transfer money to consumers. These laws are in place to protect consumers becoming trapped in a money transfer they can never pay off.
Be sure that PayPal is fully licenced as a money transfer company.
The Payment Services Regulations Directive, is run by the European Commission in order to govern payment services and their providers across the European Union as well as the European Economic Area.
One of its goals has been to make foreign currency transactions transparent, much like currency payments. This is to protect consumers and businesses from being swindled.
The FCA is a control body meant to license money transfer companies. Companies such as banks, Forex brokers, and money transfer operators are monitored the most. This is because they deal in situations that involve many intricacies, such as transferring money and offering loans, etc.
All reputable money transfer businesses that operate within the United Kingdom by law have to be registered and authorised as a payment institution by the Financial Conduct Authority (FCA) to comply with the Payment Services Regulations that were introduced in 2017.
Check PayPal is financially regulated. PayPal is regulated by the Financial Conduct Authority (FCA).
This makes sure that your Money Transfer agreement is above board and safe. In Addition, it Usually Means that PayPal Possess a responsibility of care to their clients.
Financial institutions (which do not classify as banks) which convert and transmit money like PayPal are known as Money Service Businesses. While they provide services similar to banks, they are still not considered banks. They offer more varied product options to individuals looking to transmit or convert money.
Financial authorities tend to keep tabs on PayPal and other Money Service Businesses the most because the type of services they offer can leave them vulnerable to be used in financial crimes like money laundering. This is why it is crucial for them to be registered with the HM Revenue and Customs in the United Kingdom.
PayPal as part of their regulation are required to segregate client funds from PayPal company funds and keep all client funds within a bank that is authorised as a credit institution by the regulator. All client funds should be kept in the most reputable third-party financial institutions such as Barclays or the Bank of America.
PayPal regulatory requirements mean that PayPal Money Transfer funds and your funds should be totally separate. PayPal cannot use any money that is still legally yours to conduct PayPal daily business like paying PayPal suppliers and costs. Your funds should be kept by PayPal in a segregated bank account.
Fraud prevention is highly crucial when transferring money because once the money is gone, it's gone. Scammers most often gravitate towards money transfers. Lack of fraud prevention procedures can lead to loss of funds, or even identity theft.
PayPal goes to great lengths to protect your PayPal account from fraudulent use. We explain some of PayPal anti-fraud features below:
Having instant notifications turned on is not only convenient because the user is instantly alerted whenever there is a payment related activity on their PayPal account, as you are instantly aware of every PayPal transaction these notifications to your phone help you to keep tabs on any suspicious activity.
After conducting a transaction with PayPal, the PayPal accounts primary contact will receive a transaction confirmation confirming the transaction amount, rate exchange applied, and PayPal delivery instructions.
PayPal has systems and controls in place to detect fraudulent activity and protect PayPal client accounts from misuse. If PayPal detect a questionable transaction on your PayPal account, PayPal will contact you to verify the transactions legitimacy to ensure your PayPal funds are safe.
PayPal and other money transfer companies often charge their customers a certain amount of interest fees on every transaction made. The fees depend on the amount of money the customer wishes to transfer. PayPal also earn money via foreign exchange rates.
Money transfer companies like PayPal and banks need to survive, so they make money on interest from accounts and money transfers.
We list some of the most frequently asked PayPal questions below.
You can transfer up to US$60,000.00 (varies) at a time.
It normally takes 3-5 business days.
If you need to cancel your transaction due to any reason, kindly contact us on this number 1800 419 9833.
To signup to a PayPal account you will need to be at least 18 years old.
PayPal have been in operation since 1998 and have over 295000000 customers and 320 employees. PayPal is not a scam.
Sending money with PayPal is a single process once you have registered and verified your PayPal account and payment methods.
Depending on where you are located, you have a few options for how you can receive any money that has been sent to your PayPal account. Your options for receiving money depend on the information entered by the sender, the country you are in, the currency you are receiving, and some other factors. Some methods of receiving money may not be available to you.
Bank transfers are useful because not only are they safe, but the whole process is quick, and they offer the kind of flexibility no other method can. PayPal allows for a deposit directly into your bank, credit union or other financial account.
Some money transfer companies have agents around the world, and you will need to take identity documents to receive cash. Money is typically available within ten minutes of being sent. PayPal allows you to pick up money in person at a PayPal agent location.
A mobile wallet virtually stores cash card details on a smartphone. These are quite convenient as they allow for users to make purchases at physical stores without needing to carry money.
PayPal Does not support mobile wallets.
It is a way for an individual to receive money without having to leave home. What this means is that any money you send can be received in person at a designated home address. The money is delivered by a local agent. PayPal do not offer home delivery money transfers.
PayPal was founded in 1998.
PayPal have a rating of 3 and are financially regulated, PayPal can be considered a good money transfer company.
Its is easy to close you PayPal account. You will have to make sure any outstanding payments and fees due to PayPal are paid in full Before PayPal will fully close your account. Make sure when closing your account PayPal send you an official confirmation that your account is closed and no more monies are due to PayPal.
No, setting up a PayPal account can take a few minutes. You will need to provide some proof of identity and address. You should definitely be able to access all the features of your PayPal account in 1-3 days.
PayPal are based in San Francisco (US)
Countries where PayPal is legal?PayPal is legally allowed to operate in over 264 countries.
You can track a PayPal money order by calling PayPal or by tracking the order online. Call PayPal number on 1800 419 9833. The PayPal automated phone system will take a few details and give you a status update. You can go online to the PayPal website and check the status of a money transfer at any time.
If you have a PayPal online account, log in and view your transaction history; If you do not have an online account, or if you are the receiver of the PayPal transaction, use the PayPal payment reference number on the PayPal website to check the status of the transfer.
The way that you cancel a PayPal transfer depends on how you created and sent the PayPal money transfer originally.
You may need to contact PayPal by phone on 1800 419 9833, through their website at www.paypal.com or via email [email protected]. Requests are typically processed within 30 days, and you may be charged a cancellation fee by PayPal.
If you made the PayPal transfer online, then you should log in, find the transaction in your transaction history and then cancel it on the 'Transaction Details' page. If you do not have a PayPal account, use the 'Track a Transfer tool to find the transaction and then cancel it on the Transaction Details page.
Double check the terms and conditions for cancelling a PayPal transfer on their website.
If PayPal isnt quite what you are looking for you can check out some of the best PayPal alternatives below.
If you would like to see PayPal compared against some of the best PayPal alternatives available right now you can do so by clicking on the links below.