PayPal is an online payment system based in the US that supports transportation of funds from one party to the other. To know how to receive money through PayPal, you have to take into consideration the country your PayPal account is domiciled.
PayPal is currently available in 4 continent, more than 200 countries and support 25 currencies.
And it has different policies for different region, countries and currencies.
See list of PayPal supported countries here
For example, in Africa, you can use PayPal in South Africa both as family and friends (FnF), and as goods and services (GnS).
This privilege for example, is not available in Nigeria, which happens to be the most human populous and largest GDP economy in Africa.
In Nigeria, you may only use PayPal to make payments and not receive payments.
Using Nigeria is almost unreasonable except for online vendors that don’t support Visa card and Masters card (which is very unlikely), and you are left with the sole option of paying with your Nigerian bank card through PayPal.
Of which, you will be buying dollar from your bank at outrageous rate to fulfill your online transaction.
So at a very reasonable extent, your country determines how to receive money through PayPal, and whether you can receive money through PayPal at all.
And for the essence of this post, we will be addressing this in two ways,
How to receive money through PayPal for PayPal eligible countries and how to receive money through PayPal for countries not supported by PayPal.
How to receive money through PayPal in supported countries
If you are in any of the countries above, you can receive money through PayPal in 3 ways.
How to receive money through PayPal with your registered PayPal email address.
How this method works, is for you to send a payer your email address, and he will login to his own PayPal and send funds to your email from his account.
Usually there is a charge on most PayPal payments especially when it is a GnS payment and it is going from one country PayPal to another.
The charges is not something you can control, you will have to deal with it.
How to receive money through PayPal with your PayPal.me link
Similar to invoice, the PayPal.me link helps you create a payment link for your payer.
It is something like this: paypal.me/yourusername/amount
Assuming your username is ikwueze, and the amount you want to receive from your client is $50.
Your paypal.me link becomes: paypal.me/ikwueze/50
Once your client click on the link, they are directed to an entry box to either modify the amount or click ok to make payment.
Receive money through PayPal invoicing
Invoicing is a feature where you bill a buyer from your PayPal account and either send the link to the invoice or have PayPal email them directly.
It works like the traditional invoicing where you input customer name, shipping address and all sundry regarding the order.
Once your customer receive your payment order, they will update it and PayPal will deduct their fee and make the balance available to you.
There are other means of receiving money through PayPal such as integrating PayPal to your website etc. If you know any or have any more method you would like to know, leave your comment below.
You can also read, how to open a paypal account in Nigeria.