If you work online or transact online regularly, I am pretty sure you can agree that it must be hard before any online payment processing came along.

You can use your Credit/ Debit card for payment, but receiving payment from others, that is where you need the help of services like Paypal.

PayPal is very essential and useful for securely completing your online transaction.

But if this is your first time using PayPal, the classic question goes like how to receive money on PayPal?

Receiving money via PayPal is easy. The same goes for transferring money to your connected checking account.

Many overcomplicate it, but receiving payment through PayPal is easy as having a phone number or an email address.

how to receive money on PayPal

How to Receive money on PayPal?

All you need to receive a payment is the recipient email address of a PayPal account that is registered under. As a matter of fact, you don’t even need to have a PayPal account yet for someone to send you money. 

Anyone can send you a payment just with your email address. Then, you can create an account later on to to claim it.

So, here is how it works, once a payment is sent your way, you’ll receive an email from PayPal notifying you about the transaction.

If you already have an account, the payment/ money will be automatically credited to your available total PayPal balance which you can transfer to your Bank Account.

How to Request Money on PayPal?

You can create and share your PayPal.Me link to request and receive money. This is particularly helpful if you prefer not to let your email id known.

To create a PayPal.Me link, follow the below steps:

  • Log in to your PayPal account.
  • Next, head over to PayPal.Me Website.
  • Click on the Create Your PayPal.Me Link button.
  • Create your unique PayPal.Me link with your desired username – this is the username that will appear at the end of the PayPal.Me link that you share to get paid.
  • Add a user profile picture in order to help others identify you.

Grab your PayPal.Me link and forward it to the one who’s supposed to pay you. All they gotta do is click on the link, enter the payment info and amount.

It’s that simple!

Another option is to use the Request money feature. On the top header, hover over the tool section and click on “Request payments.”

Next, from the request payment page, enter the email address of the other’s part and click on Next. Following the next page, enter the payment amount and also the currency type along with a brief summary or note outlining the reasons for the payment.

The note is optional, so you can avoid it. But outlining what the payment is for is recommended.

Next, tap on the Request Now at the bottom of the screen.

Here’s a step-by-step process:

  • Go to PayPal.com and log into your account.
  • Next, click the Request button on the top bar Tools.
  • Enter the other party email address and click on Next.
  • Fill up the amountcurrency type, and a note which is optional.
  • Select Request Now.

How long does it take to receive money on PayPal?

It takes around 2 to 3 days if the money is coming from a linked bank account. But a transfer from a PayPal balance or a debit/credit card usually takes a few minutes.

So, , the answer depends on funding source from the sender.

PayPal Fees Structure

PayPal is a for-profit company and needs to make some form of income off of its services to stay in the business.

So, PayPal charges a transaction fee and in most of the cases, they are charged to the receiving end of the transaction whether it be a person or company receiving the money.

Within the US for personal use, there is no transaction fee involved for receiving money on PayPal. But that is not the case for selling goods and services.

Paypal charge rate is fixed at 2.9% of the sale price plus another $0.30 per transaction.

Popular Currencies and their Respective Fee

However, this fixed rate of each transaction’s total vary and depends on the location of you and your client’s bank accounts.

As mentioned above, if your bank account is in US, the rate is fixed at 2.9% and 4.4% if the bank account is outside the U.S.

For international transfer, PayPal still charges fees including for both personal and business transfers which typically ranges at 5% of the amount with a minimum fee of $0.99 and a maximum fee of $4.99. 

How to Transfer Money from PayPal your Bank Account?

You first need to link a valid bank account to transfer money from your PayPal account to a checking or savings account online or via the PayPal app.

Follow the steps to transfer money to your bank account:

  • Log into your PayPal account, and go to My wallet.
  • Click on the Withdraw money option.
  • Tap Transfer to your bank and if you have multiple bank accounts or cards linked, select the account where you want to deposit the amount. 
  • Confirm the amount to be withdrawn, and click on continue.
  • Paypal will give you one final chance to review the amount and the account details in case there’s any mistake before you confirm the transfer.
  • If everything’s in place, click Transfer Now.

If you are on PayPal app, head over to your PayPal balance, and tap on withdraw money.

If there’s no option to withdraw funds on your PayPal app, check if you have added and confirm the bank account through the PayPal web-portal via a desktop version. And once your bank account is successfully added, the option to withdraw to a bank will appear in the mobile app.

Also check if you have the latest version of the app.


Paypal has it’s own pros and cons with transcation fees not suitable for some. Limitation to the amount of money you can send, receive or withdraw.

However, Paypal offers Credit card security, High-speed checkout, Flexibility, etc.

I hope this guide helped you to know everything about requesting and receiving money on PayPal and transferring funds to a connected bank account. If you have any doubts or queries, let us know in the comment below.

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