Do you want to know how to receive money on PayPal? If yes, then you shouldn’t skip this. In this article, I will show you 3 simple ways to receive money on PayPal alongside other info like the fees, time, and much more.
Everyone expresses joy at the mention of receiving money either for work done, as gifts from family or friends or for goods bought and so on. And since everyone cannot get in touch with each other physically, there comes the need to use a payment platform.
PayPal is one of the world’s largest financial service providers for online payment. It provides an easy and widely accepted way of sending and receiving money from all over the world. With PayPal, you can also withdraw money, pay bills and shop online.
However, this article wants to tackle one aspect of PayPal and that is how to receive money on PayPal. Sit back and relax as I take you on a smooth learning process.
Can I Receive Money On Paypal?
Before we begin the discussion on how to receive money on PayPal in detail, let us establish the fact that, yes, you can get money on PayPal. We noted in the introduction that PayPal is a payment company and as such it is created and used for sending and receiving money from individuals and businesses all over the world.
It is worthy of note here that before you will be able to receive money on PayPal, you have to first create a PayPal account. This is easy to do. Let’s quickly see how to create a PayPal account before moving to how to receive money on PayPal.
How To Create A PayPal Account
- Go to www.paypal.com and click Sign Up.
- Choose sign-up for a Personal Account.
- Enter your country, email address, and password.
- Input other personal information as requested.
- Link your credit card, debit card, or bank account to PayPal (this is optional).
- Verify your email address with PayPal as prompted.
How To Receive Money On PayPal
There are several ways to receive money from PayPal. Here we would be discussing 3 ways. Read with me as we learn each of the methods of receiving money on PayPal.
How To get Money On PayPal Through Email
Receiving money on PayPal is as easy as having an email address. All you have to do here is to give the sender your email address. When someone sends you money via PayPal, you will be notified through an email from PayPal.
This money will be automatically added to your PayPal balance if you already have an active account. If not, the payment would be pending till you create an account using the steps explained above.
How To Receive Money On PayPal Via Your PayPal.Me Link
How to receive money on PayPal can also be by sharing your PayPal.Me link with the sender. With this method, you share a URL in place of an email. The money is sent through that unique link and you would receive it in your PayPal account.
This method is excellent, especially for businesses where you do not want your customers to get your email address. Hence the link is safer. If you already have a PayPal account, creating a PayPal.Me link isn’t difficult. Continue reading as I show you how to do it below;
How To Create A PayPal.Me Link
Take these few simple steps to create your PayPal.Me link.
- Visit the PayPal.Me website
- Click on “create your PayPal.Me link”
- Log in to your PayPal account where you will be prompted to set up your PayPal.Me address.
- Add a profile photo if you wish.
- Wisely choose a comfortable Paypal.Me link.
- Lastly, create a PayPal.Me profile.
Where Can I Find My PayPal?Me Link?
If you do not know your link or where to find it simply log into your PayPal account and choose Money from the menu. Click on Send and receive money on the right side of the new page. Click on Request and select “share your PayPal.Me”. You will find your PayPal.Me just below your profile photo.
How To Receive Money On PayPal Via Website
This is the third method of how to receive money on PayPal that I will be discussing. This method is applicable with the mobile app and on the website with just a few variations. So let’s see the steps below.
- Log in to PayPal either on the website or your mobile app.
- Click on the Menu icon beside your balance.
- Select send or request money.
- Tap the Request tab.
- Enter the receiver’s email
- Click Next.
- Follow the prompt to enter the amount, currency type, note, etc.
- Click on Request Now.
Would I Be Charged To Receive Money On PayPal?
The answer to that is a Yes and a No depending on the method used. While PayPal does not take charges for receiving money from some accounts, it does for others. Read the next paragraph to see the charges.
How Much Does It Cost To Receive Money On PayPal?
If the sender sends the money from another PayPal account or a linked bank account, there would be no fees or charges. However, if you are using a debit or credit card, they will pay a 2.9% fee or a fixed fee that varies with currencies.
Also, receiving international payments attracts some fees. These fees are different for personal and business accounts. You would be charged 5% of the amount you received with a maximum of $4.99 and a minimum of $0.99.
How Long Does It Take To Receive Money On PayPal?
The length of time it takes to receive money on PayPal depends on the source used by the sender. I will explain what that means. If the money was sent from the PayPal account of the sender, it would take just a few minutes to receive it. Also, if the funds were sent from a linked debit or credit card, you would receive them in a few minutes.
On the other hand, however, if the sender transferred the money through a linked bank account, it will take 2 to 3 business days before the funds will be received. This is because it has to go through the Automatic clearing house process.
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Is It Safe To Receive Money On PayPal?
PayPal is a company with a reputable standard. It has high safety and consumer protection that are out in place to keep the funds and transactions of users safe.
However, we can’t say there is any system that is completely free of risk, especially in this computer age. Hitches could happen to it is ad iced that you tread cautiously and transact with only trusted people. This is an important point to note since you’ve known how to receive money on PayPal.
This article has successfully given you a simplified explanation of how to receive money on PayPal. It explained 3 methods of receiving money on PayPal, how much is required, and how long it takes. For new users, it also showed you how to create a personal PayPal account. I hope with this guide, receiving money on PayPal would be hitch-free for you.