PayPal is over 20 years old now in operation since the day it was launched. The platform has transformed e-commerce such that it has become a force to reckon with. Using PayPal nowadays, you have access to services like online shopping and sending and receiving money to and from friends and family. Entrepreneurs and Freelancers got to love this platform for the reception of payments, hence people search for how to use PayPal to receive money from the USA.
The norm has been that people receive money from countries like the United Kingdom and the United States of America, but those countries have human beings like us too and they need to receive funds. This article then comes in to point you in a direction that not many people look at. Receiving money while you are learning how to use PayPal to receive money from the USA. in the USA. It may also be necessary to interact with how you can send money abroad. The process of receiving money through PayPal is pretty much the same.
How to use PayPal to receive money from the USA
Here is how to use PayPal to receive money from the USA. The process to receive and transfer money to your account through PayPal:
In order for you to receive money using PayPal, the sender needs to have your email address and when they initiate the transaction;
- Log in- This step is straightforward. You can not do anything on an online platform without logging in.
- Summary page- when you log in, go to your Summary page. There you will find a “Transfer Money” button just beneath your PayPal balance, click on it. Alternatively, the option can be found in the “Wallet” menu in the top toolbar.
- i) Transfer- Step 2 will take you where you will see a “Transfer to your bank.” prompt which is your next selection.
ii) Multiple accounts- Some have more than one account connected to their PayPal accounts. In this case, you will simply select the one to which you want the money to go before activating the “Next” prompt.
- Amount- The next step is to enter the amount of money to be moved to your bank, then click “Next” again. Remember you can choose to move all your money or keep some in your PayPal account.
- Review- Before the final step, the next page, will prompt you to review your transfer. This gives you the chance to make sure all the information shown is correct. If you are satisfied, you click the prompt “Transfer [your amount here] now.” When you reach this stage your funds would have been transferred to your account. This technology, allows us to expand our horizons beyond our respective borders.
- Platforms like the one in question equip us with an easy way of selling our products and services without having to go through so many gatekeeping processes. A practical example is if you market yourself well on social media and other communication platforms, potential clients will come through and transactions can be done without anyone having to cross borders.
It will help us to also acquaint ourselves with how to send money abroad using PayPal. Below are the steps you need to follow if you want to make an international transfer with PayPal:
The first step is obviously logging into your account. As soon as you are in, there will be a “Pay & Get Paid” option at the top menu next to the PayPal logo, click on it. You will be prompted to enter either name or email address of the recipient.
When this is done you enter the amount you wish to send then select “Continue”. The conversion rate of the exchange of currencies will be displayed. Be sure to add a payment.
These steps are the guide to what you need to do when doing a quick transaction with friends and family.
There are plenty of other online platforms that have emerged over the years that work similarly to PayPal. The platform in question, however, has managed to accommodate everyone such that almost everyone who has internet access has an account. This makes it convenient when impromptu situations that need you to send or receive money urgently come up. PayPal has grown tremendously into one of the biggest financial services in the world for online payments.
The more I discover what PayPal can do in terms of business, the greater my desire to expand my businesses beyond Zimbabwe. The opportunities that come with these online platforms and their interconnectedness are limitless. Maybe we could start by initiating business transactions online at the regional level and gradually grow those interactions.
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