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How to Send Money by PayPal: A Most Comprehensive Guide - goldiesmithusa - 08-02-2025 PayPal has become one of the most trusted platforms for sending and receiving money across the globe. Whether you're paying for services, purchasing items, or sending funds to friends and family, understanding the correct and secure method to send money via PayPal is essential. In this comprehensive guide, we’ll walk you through every detail you need to know. What is PayPal and How Does It Work? PayPal is a digital payment system that allows users to send and receive money using email addresses or mobile numbers, rather than traditional bank details. Once connected to a bank account, debit, or credit card, PayPal enables secure, fast, and trackable transactions worldwide. How to Create a PayPal Account? Before you can send money, you need a verified PayPal account. Here’s how to set it up: Go to paypal.com Click on Sign Up Choose between Personal or Business account Enter your email address and create a strong password Fill in your personal information (name, address, phone) Link your bank account or card Verify your email and bank account to lift limitations Linking a Payment Method to PayPal To send money, you must link at least one funding source: Bank Account: Preferred for sending larger amounts Credit/Debit Card: Instant but may include a fee PayPal Balance: Easiest and fastest if funds are available To link a bank or card: Go to Wallet Click Link a Bank or Card Enter your details and follow the on-screen prompts Verify the account if prompted via micro-deposit or code Step-by-Step Guide to Sending Money via PayPal 1. Log in to Your PayPal Account Visit paypal.com or open the mobile app. Enter your login credentials. 2. Click on “Send” or “Send & Request” Choose "Send Money" or "Send & Request" depending on your device. 3. Enter Recipient Information Type the email address or mobile number of the person you wish to send money to. 4. Choose the Payment Type Friends and Family: For personal transfers with lower or no fees Goods and Services: For business transactions (includes seller protection and fees) 5. Enter the Amount Input the exact amount. You can switch currencies if needed. 6. Select the Payment Method Choose whether the funds will be pulled from your PayPal balance, linked bank, or card. 7. Add a Note (Optional) Mention the purpose or add a friendly note for clarity. 8. Review and Confirm Double-check all details. Click “Send Payment Now” to complete the transaction. PayPal Fees: What You Should Know Sending money can be free or come with charges depending on: Payment TypeFunding SourceFee Friends & Family (US) Bank or PayPal Balance Free Friends & Family (US) Credit/Debit Card 2.9% + fixed fee International Transfers Any 5% up to $4.99 cap Goods & Services Any 2.9% + $0.30 Always review the fee summary before confirming the payment. How to Send Money Internationally via PayPal? PayPal supports over 200 countries and 25 currencies. To send funds internationally: Follow the same steps above Change the currency before confirming Review exchange rates and international fees Confirm the payment PayPal automatically converts the currency using its own exchange rate, which includes a currency conversion margin. How to Send Money Using the PayPal App? The mobile app offers a user-friendly interface: Tap the "Send" button Choose or enter a contact Enter amount and purpose Select funding source Confirm and tap “Send” With fingerprint or facial ID enabled, the process is even faster. How to Cancel a Payment on PayPal? A payment can only be canceled if it’s still pending. Here's how: Go to Activity Find the pending payment Click Cancel (if available) If not, contact the recipient or open a dispute if unauthorized Safety Tips When Sending Money by PayPal To ensure your funds and account stay protected: Always verify the recipient’s email Never send money as “Friends & Family” for purchases Enable Two-Factor Authentication on your account Review transaction history regularly Use strong, unique passwords Common Issues and Troubleshooting 1. Payment on Hold PayPal may place funds on hold if: You’re sending to a new seller The account has suspicious activity It’s a large or unusual transaction Solution: Wait 21 days or ask the recipient to mark the order as processed. 2. Declined Payment Can happen due to: Insufficient funds Card/bank issues Account limitations Fix: Check with your bank, ensure the account is verified, or contact PayPal Support. Benefits of Using PayPal to Send Money Secure and encrypted transactions Global reach with multi-currency support Fast transfers, often within minutes Trackable payment history Optional buyer/seller protection Alternatives to Sending Money via PayPal If PayPal isn't ideal for your needs, consider: Wise (formerly TransferWise) – Lower international fees Venmo – Domestic social payments (US only) Zelle – Instant bank transfers (US only) Revolut or Cash App – For specific regions Conclusion Sending money with PayPal is both simple and efficient, provided you follow the correct steps. Whether you're sending funds locally or internationally, PayPal offers a secure environment with transparent fees and real-time tracking. By using this guide, you can send money with confidence, avoid common pitfalls, and take full advantage of PayPal’s services. RE: How to Send Money by PayPal: A Most Comprehensive Guide - carsats5776 - 08-02-2025 Innosoft helps Grand Rapids businesses connect with local customers through targeted and effective SEO strategies. Hire Service