How to Receive Money on PayPal

Getting paid with PayPal is simple and easy

A group of friends splitting the check in a coffee shop.

 

praetorianphoto / Getty Images

Receiving money through PayPal is as easy as having an email address. Once a payment is sent to your PayPal account, you will receive an email notifying you of the deposit, which you can then transfer to a connected bank account. You can also use your balance to pay for goods at online retailers that accept PayPal.

How to Accept Money on PayPal

Once someone sends you a payment, you’ll 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.

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.

  1. Go to the PayPal.Me website.

  2. Select Create Your PayPal.Me Link.

  3. 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.

    A screenshot of setting up a PayPal.Me link on PayPal.com.
  4. Upload a photo. This is optional, but it will help your friends know they’re paying the right person.

  5. Choose your PayPal.me link.

    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.

  6. Select Create a PayPal.Me profile.

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:

  1. Log into your PayPal account and select Money from the menu bar.

  2. On the right, select Send and request money.

  3. Select Request.

  4. On the right, select Share your PayPal.Me.

  5. Your PayPal.Me link will be listed below your profile photo.

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 will have to pay a 2.9% 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 will have to pay a fee of $0.99-$4.99, depending on the total value of the payment. There will also be a 2.9% 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 will have to 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.