In the digital world, digital payments have become mandatory things. It is necessary to know about digital payment platforms. PayPal is one of the most popular financial services that allows you to send and receive money. For this purpose, you need to add a bank account and debit/credit card and linked to the account to a PayPal account.
In this article, we will share complete details about how to send money on PayPal. Let’s talk about How to send money on PayPal.
Here is a complete step-by-step guideline to send money on PayPal.
Follow 6 Steps To Send Money On PayPal
1. Signup for a PayPal Account
Visit the PayPal website and click on Sign up. The new page will display an option to select an account type. There are two options, personal or business account. A personal account is for buying online and sending/receiving money from friends. Add your personal details and click on the next. Add The Billing Address and then read and understand the agreement. Click on agree and create an account.
In the second step, add a credit or debit card to the bank account from which PayPal payments will be made. Then you can make payment easily when you receive a money request or invoice.
2. Start The Payment
When you get an invoice or money request, click the Pay Now button.
It also depends on your device and logs into your PayPal account before processing. After logging into your account, click the ‘send and request button.’
3. Select the option whether a personal or business payment
PayPal will ask you if you are paying for services and goods or making payments for a family member in the United States and internationally. The charges could be different for each service, so make sure to pick the right one for your needs.
4. Enter details for the Recipient
A PayPal account will ask about the email address or phone number of the person you wish to pay. Therefore, make sure the information is before proceeding.
5. Confirm the Amount and Currency
In the fourth step, you must confirm the amount you want to pay. Select the Currency that you want to use.
6. Hot, Confirm, and Choose a Funding Source
Confirm and enter the payment correctly and choose how to wish to pay. Select the option of funding sources, whatever you want, a linked bank account, using PayPal Balance, or a credit or debit card. Each payment option has some pros and cons; therefore, you must get an idea about it.
7. Review the payment and select Done
After adding a funding source, click on the confirm button. You will receive the emailed receipt showing you the payment is in process.
After the payment, the recipient will receive an email notification. If the person does not have a PayPal account, they must confirm their email address and complete the required identity confirmation before accepting payment.
Important Instructions
There are some important instructions that everyone must keep in mind.
- Choose the option ‘ paying for an item or service option when you buy services or goods. The seller will pay some amount to receive the money.
- Select the option ‘sending to a friend’ when you send money to family, friends or make an international payment. However, this option is only available for payments sent to Personal PayPal accounts. Business accounts do not have these options.
- Once you complete your transactions, you cannot reverse or cancel the payment. However, if you make mistakes like sending the wrong amount or selecting the wrong payment type, you can contact the recipient to request a refund.
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