Today many businessmen perform all of their money transfer using PayPal, and even they are unaware of the extra charges that PayPal charges them for every single transfer. Well, the price may vary according to the location where you needs to transfer your money, as same is the case with many other money transfer services such as ACE Money Transfer. With every passing day, several new competitors join this race, but no one is able to beat PayPal yet, depending on their rates.
Now the reason that why PayPal offers their services for such a low price is because they are one of the biggest financial institutes just like a bank, and so they get a wholesale rate for currency difference, and here they get their edge. Now for those who are yet to open their account over PayPal are going to need an Email address, Bank account number, and a credit card if they want to link it as well. Further, you must know that PayPal is the only money transfer service that send money online, and operates in more than 100 countries
around the world, and they are able to make payments in almost any currency, and also hold the amount in their wallet for more than 20 major currencies of the world.
Furthermore, the best features that attract almost every other person to use this service are the instant transfer of the money despite any location in the world. And for this is something that people wants most, to get their money as soon as possible. Now if the receiver also has PayPal account then the money will be received instantly, but if the receiver wants to get this money to be transferred directly to their bank account then it will take a few working days to complete the transfer.