PayPal is a global e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders.
PayPal is an acquirer, performing payment processing for online vendors, auction sites, and other commercial users, for which it charges a fee. It may also charge a fee for receiving money, proportional to the amount received. The fees depend on the currency used, the payment option used, the country of the sender, the country of the recipient, the amount sent and the recipient's account type.
Bank Wire Transfer
Wire Transfer is one of the easiest offline modes of sending money globally. Vijaya Bank has a vast network of correspondent banks through which money can be credited to any bank account in India. No matter where you are in the world, just issue Wire Transfer instructions to your local bank any money can be credited to any Vijaya Bank in India within 1-2 days.
- Super convenient offline mode – all you need to do is issue International Wire Transfer instructions to your local bank.
- Quick – Amount transferred to beneficiary account within 24 hours of Vijaya Bank receiving funds in its account held with the correspondent bank.