PayPal India to US (2024)

FAQs

Can PayPal send money from India to the USA? ›

Yes. To send money overseas with PayPal, you'll pay an exchange rate margin fee every time you convert from one currency to another. These fees typically range between 2.5% and 4.5%, quickly making PayPal one of the most expensive ways of all to send money internationally.

With PayPal, you can send money internationally to another PayPal account just like you would domestically. Xoom, a PayPal service, offers more delivery options like cash pick up, bank account transfer, and more. Xoom also serves additional countries to send money abroad to friends and family such as India and Mexico.

“From 1 April 2021, we will focus all our attention on enabling more international sales for Indian businesses, and shift focus away from our domestic products in India,” PayPal said in a statement without giving a reason for its decision.

Bank Transfer

Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.

The Union Budget 2023 brought positive changes but increased foreign remittance tax rates to 20%. Exemptions apply for educational and medical expenses. NRIs can transfer $1 million from India to the USA tax-free. No tax exemptions are allowed for money transfers from the USA to India.

Yes, you can make an account and use PayPal in India BUT PayPal can only be used to make or receive international transactions, as they have announced that they stopped domestic transactions in India. So if you are Freelancer or you are using a website that pays you from outside of India you can use your PayPal.

You can send and receive payment in multiple currencies with PayPal.

PayPal is generally safe to use in India, offering end-to-end encryption, secure vaults, real-time transaction monitoring, and buyer-seller protection. While PayPal's security is often considered unparalleled, a recent breach has raised concerns about its safety in India.

Go to Payment Methods. Select the More icon beside the currency you want to convert and click Convert currency. Select a currency and enter the amount you want to convert. Our conversion rate will be displayed on this page.

Which bank is best for PayPal in India? ›

You first need to add your Indian bank account to your PayPal account. To confirm your bank account, we'll deposit 2 small amounts (each between 1.01 and 1.50 INR) to your bank account. These amounts will show on your bank statement within 5 business days.

However, effective 1 April 2021, PayPal will no longer offer domestic payment services in India.

Paypal is international payment company with 277 million customers. Why isn't PayPal available in India? An Indian PayPal account can only send money to a Non-Indian PayPal account. Only credit/debit cards can be used for funding such payment transactions.

In India, the PayPal wallet feature is not available for personal use. What you can do is use PayPal to make purchases from sellers who accept PayPal around the world via the PayPal mall for goods and services. No matter what type of account you have, PayPal is free to open and maintain.

PayPal's International Currency Conversion Fee

PayPal's currency conversion fee to US or Canadian dollars is 3.5% but is 4% for other currencies. PayPal also charges a 4.5% fee for conversion service, so it's important to factor this cost in as well to any currency conversion you do.

Log into the PayPal account. Select “Send & Request” Input the recipient's details using either the name, email address or phone number in the “Send money” section.