- Cashless Society: Payment Services
What to Know
- Easiest method: Any money sent to the email address you verify with PayPal is deposited into your account.
- Alternate method: Set up a PayPal.Me account at the PayPal.Me website. Select Create Your PalPal.Melink.
- Then, follow the prompts to obtain a link you can give to people to send money to your PayPal account.
This article explains a couple of ways to receive money at your PayPal account. One is by email and one requires a PayPal.Me link. It includes information on fees related to receiving money and transfering balances.
How to Receive Money on PayPal via Email
Receiving money through PayPal is as easy as having an email address. When someone sends you a payment, you get an email from PayPal notifying you of the transaction. The money is automatically credited to your available PayPal balance.
If you do not have a PayPal account, you can sign up in just a few steps.
Receive Money via PayPal.Me Link
Another way to receive money on PayPal is to share a PayPal.Me link. PayPal.Me allows users to share a URL instead of an email address to receive payments. This is helpful for vendors who would prefer not to give their email address out to customers.
If you have a PayPal account, you can create a PayPal.Me link by following these instructions.
- Go to the PayPal.Me website.
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Log into or sign up for a PayPal account. Once you’ve logged in, you’ll be prompted to set up your PayPal.Me address.
Choose this link wisely. You can only create one, and once you’ve created it, it is yours for as long as you have a PayPal account.
How to Find Your PayPal.Me Link
If you already have a PayPal.Me link but are not sure where it is, you can find it on your PayPal profile.
Here’s how to find your PayPal.Me link:
- Log into your PayPal account and select Money from the menu bar.
Fees for Receiving Money Through PayPal
When receiving money through PayPal, there are no fees applied to your PayPal balance so long as:
- The sender is in the same country.
- The sender is sending money from their PayPal balance or bank account.
If the sender is using a credit or debit card to send you money (rather than a PayPal balance), they pay a 2.9 percent fee plus a fee of up to $4.99 depending on the amount of the transaction.
Senders that are transferring money to you from another country pay a fee of $0.99 to $4.99, depending on the total value of the payment. There will also be a 2.9 percent fee and a fixed fee determined by the country of origin. You can find those fees on PayPal's list of fixed fees for sending in other currencies. As the recipient, however, you pay any conversion fees that are necessary to convert the funds from a foreign currency to U.S. dollars.
Fees for Transferring Balances From Personal Accounts
If you are a U.S. PayPal account holder, it is usually free to transfer payments you receive from your PayPal account into a connected checking account. The transfer is reviewed and can take 3-5 business days to complete. If you need your money faster, you can use an eligible debit card to get an Instant Transfer, which usually takes about 30 minutes to complete. There is a fee associated with Instant Transfers of 1% of the total amount transferred, with a maximum of $10.
There are also transaction limits for transferring funds from your personal PayPal account. They are:
- Up to $5,000 per transaction
- Up to $5,000 per day
- Up to $5,000 per week
- Up to $15,000 per month
Receiving money through PayPal is easy. Transferring funds is where things get tricky. However, you can usually transfer money to your connected checking account without much difficulty.
