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How to send and receive money through PayPal?
Paypal is one of the favorite options when it comes to send or receive money quickly and easily without having to enter our financial data continuously. It is a safe and fast payment method.
If you make purchases online sooner or later you will find Paypal as a payment method option. However, many people do not know what exactly it is and how to send and receive money through PayPal.
How does PayPal work?
Paypal has allowed payments to be made online without the need to provide our bank details, eradicating the fear of many users since their financial information will be safe thanks to advanced anti-fraud systems and an automatic encryption system.
To start using your service and power send and receive money via PayPal you need to follow the following steps:
- Create a Paypal account
- Register by filling out the form
- Choose payment method: with bank account or with your card
- Enter your data
- check your account
After these steps, everything would be ready to start buying.
Paypal: how to send money
Many people do not know exactly how to receive money by PayPal, nor send it, then we will explain how to do it so that there are no doubts. The process is not complicated, but it depends a lot on how we send the money and to whom.
Transfer money from PayPal to your account or card
You can associate your account and national card, which facilitates the process. To do this, you must follow the following steps:
- Login to your account
- From “Summary” or “Wallet” click on “Transfer money”
- Go to “Transfer to bank account”
- Select if you want to transfer your money to your account or card
- Check the transaction and click accept
How to send money via PayPal to friends and family
you can only send money via PayPal to people who are also users. Follow the steps below to do so:
- Login to your account
- Click on "Send and request"
- In "Send money" look for the person you want to send the money to or enter their email associated with PayPal
- Enter the amount of money and select the currency
- Choose your card or PayPal balance to add the money
- Check the data
If your relative or friend lives in another country, the steps will be the same, but the commissions may vary. When sending money by PayPal to Spain or other countries in euros there will be no commissions. However, if you send to Canada, the US or European countries with a currency other than the euro, the amount will be €1.99. To other countries it will amount to €3.99.
PayPal: how to receive payments
It's important to know how to receive money by PayPal To not make mistakes. It is essential to have an account as explained above, so if you do not have one, you must register with your information and confirm your email address.
Once you have an account you can both send money and receive money through PayPal. It is possible to receive up to €2,500 just by promoting your email address associated with your account.
If you exceed the cumulative limit, you will have to verify the account to remove the reception limit, you can do it by adding an account or card, as well as a document that proves your residence address.
Send and receive money by Fazil Neobank
We propose an alternative to PayPal, through Fazil Neobank, you can send and receive money between Fazil users immediately, totally free and without any commission.
To send money, you just have to select the "send" option within the app, enter the phone number or saved user and add a concept. After this, indicate an amount and that's it.
You can also receive instant and free deposits from a card from any other bank.
In addition, you can make and receive national and international SEPA transfers through IBAN for free at any time and from anyone at the bank, without commissions.
If you want to continue to learn more, we recommend you read the post about the free virtual cards like Fazil.