PayPal is one of the most popular means of paying for goods and services online, also allowing its users to send and receive money for personal purposes.
However, you may need to use a different service depending on where you want to send money.
To transfer money to another PayPal user, you will need to register an account. To do that, follow the registration and verification process:
- Select Sign Up, and choose Personal Account;
- Choose your country of residence;
- Enter and confirm your mobile number;
- Set up your profile by submitting your email and full name. Then create a password;
- You will be then asked to provide your date of birth and full residential address.
As soon as you complete these simple steps, you will be able to pay for goods and services and send money online to other PayPal users. To do that, you will need to enter the name, email, phone number or username of the recipient.
How can I send money to someone who does not have PayPal?
If your recipient is not registered with PayPal, you can transfer funds to them with the help of Xoom, a PayPal service for which you can sign up using your PayPal account.
Now you can choose the country you send money to. Please note that the sending and receiving options vary depending on the source and destination countries respectively. For example, debit card and credit card deposits are not available in Hungary, Greece, Estonia and many more countries around Europe, and the fee largely depends on the recipient’s country and pay-out method. For the same destination, you may have to pay €4.99 to send money from your bank account or a whopping €15.49 to use your credit/debit card. Xoom will also display the information on the currency exchange rate, if applicable.
Ready to send the money to a bank account? Make sure you have all the information on hand, including the name of the recipient’s bank and their IBAN.
Considering the above, if you want to send money to someone without a bank account, then it is likely you may have to look for another money transfer service.
Once you have entered all the required information and confirmed the transfer, be informed that the money will not be delivered immediately - the minimum expected delivery time is 2.5 hours.
Advantages and disadvantages of sending money with PayPal and Xoom.
✓ First and foremost, PayPal is available both on the web and as an app.
✗ The only language setting in your account is English.
✓ PayPal delivers your funds quickly and without fees.
✗ The recipient must have a PayPal account.
✓ Xoom will make sure you get your money back in full in the transaction does not go through.
✗ The fees are not fixed and can go quite high.
✓ PayPal is a convenient, renowned and one of the widespread ways to send money.
✗ When it comes to sending money internationally in larger amounts, the fees can be too high.
Are there any alternatives?
There are multiple alternative services for online money transfers, designed for all tastes and purposes.
But if you are not willing to sacrifice time or money, and want to send money online at a low cost and high speed with a reliable platform, go for Profee.
Profee is a licensed European EMI, PCI DSS certified and one that applies the latest technology to guarantee the security of clients’ funds and data. With Profee, European residents have the best way to send money online not only within Europe but to a number of countries worldwide. All you need is a Profee account and a credit/debit card. Your recipient does not have to be registered with us - simply enter their card details and the money will be credited to their bank card. You can easily send money to more than 45 directions, enter the transfer amount, as well as your and the recipient’s card details. For example, send money from United Kingdom to Poland
Don’t want to waste your time trying to figure out the fees for your transfer? We’ve got you covered! Regardless of where you are in Europe, where you are sending the money and even how much you are going to send, we will not charge you more than €1.
The money isn’t delivered? No worries - it will be returned to your card.
Got questions? Reach out to our multilingual customer support for assistance.
