Is PayPal safe to send money to someone overseas?
There are many third party services like PayPal or private money transfer players whom you can use to send money overseas. There is a maximum limit of USD 250,000 per financial year that you can send overseas under the Liberalized Remittance Scheme which regulates all your foreign remittances. Third party transfers are usually more expensive than bank wire or swift transfer.
Yes, PayPal is safe to send money overseas. You can send money from 161 countries to PayPal accounts in 78 countries in 26 currencies. The recipient of the funds can use their PayPal to withdraw the funds to their bank account. While using PayPal is safe, you will have to pay a fixed transfer fee, which is a percentage of the amount transferred.
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