- To receive money, the sender needs your PayPal email address or mobile number. Once they send you money, you will get a notification letting you know funds are available.
- You can then access the money on your PayPal account homepage. From there you can transfer it to your bank account, keep it in your PayPal balance to use for purchases or sending money, or withdraw it.
Accepting Payments with PayPal
- To accept payments as a business, you need to sign up for a PayPal business account. This allows you to accept payments through PayPal, process credit and debit cards, and accept local payment methods.
- There are no monthly fees or setup costs to accept payments, you only pay fees when you receive money. The fee is 2.9% + $0.30 per transaction for online transactions. In-person transaction fees vary.
- You can integrate PayPal into major ecommerce platforms like WooCommerce easily. It also works with common tools like accounting, inventory, and other business software.
Payment Methods Supported
- Customers can pay with PayPal balance, bank account, PayPal Credit, Visa, Mastercard, American Express, Discover cards, Venmo, and digital wallets.
- You can also offer pay later options, bank transfers, and local country-specific payment methods. PayPal supports over 100 currencies.
In summary, receiving money just requires providing your PayPal details, while accepting payments involves signing up for a business account to integrate PayPal and accept transactions from various payment sources.
