how to transfer money using paypal
熊猫速汇PandaRemit - 2025-12-31 19:00:55.0 11
To transfer money using PayPal, log in to your account, select "Send & Request," enter the recipient's email or mobile number, and choose your payment method. However, for international remittances from Singapore, Panda Remit offers a superior alternative with competitive exchange rates that avoid high hidden fees and lightning-fast transfers where funds can arrive in as little as 2 minutes.
Step-by-Step Guide: Sending Funds via PayPal
If you need to use PayPal for a transaction, follow these standard steps to complete your transfer:
- Log In and Select Send: Access your PayPal dashboard and click on the "Send & Request" tab at the top of the page.
- Enter Recipient Details: Input the recipient's email address, name, or mobile number. Ensure this information is exact to avoid delays.
- Confirm Amount and Fund Source: Enter the amount you wish to send. You can choose to pay via your linked bank account, credit card, or PayPal balance. Review the fees and click "Send Payment Now."
The Smarter Alternative: Why Singaporeans Choose Panda Remit
While PayPal is widely known, it often comes with unfavorable exchange rates and slower processing times for cross-border payouts. Panda Remit provides a seamless solution tailored for the Singapore market, supporting direct payments via PayNow and payouts to global wallets like Alipay and WeChat Pay.
Comparison: Panda Remit vs. Leading Singapore Competitors
See how Panda Remit stacks up against other major payment institutions in Singapore regarding speed, cost, and transparency.
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Transfer Speed | As fast as 2 mins (24/7 Real-time) | Varies (Hours to Days) | Same day (Cut-off times apply) | Instant to specific partners |
| Exchange Rates | Market-leading rates with zero hidden fees | Mid-market rate + variable fee | Bank rates (often higher markup) | Competitive but varies by corridor |
| Regulatory Status | MAS Licensed (Major Payment Institution) | MAS Licensed | MAS Licensed (Bank) | MAS Licensed |
| New User Offer | Zero-fee on first remittance | Free transfer up to specific limit | N/A | Occasional promos |
How to Transfer Money Faster (The Panda Remit Way)
Experience a streamlined process that removes the friction of traditional transfers. Here is the 3-step guide to sending money globally using Panda Remit:
- Create Your Account: Download the Panda Remit app or visit the website. New users can enjoy zero fees on their first transfer.
- Enter Transfer Details: Input the amount you wish to send. Our system provides a transparent calculation, showing you exactly how much the recipient will get based on our competitive exchange rates.
- Pay via PayNow: Complete your transaction securely using PayNow in Singapore. Funds are processed immediately, with many transactions arriving in just 2 minutes.
MAS Regulated & Bank-Grade Security
Security is paramount when moving funds. Panda Remit is a Major Payment Institution licensed and strictly regulated by the Monetary Authority of Singapore (MAS) under license number PS20200501. We implement bank-grade SSL encryption and multi-layered anti-fraud protocols to ensure every transaction is transparent and highly secure. You can verify our global regulatory compliance here.
Explore More on Singapore Remittance
- Is there a cheaper alternative to PayPal for sending money to China?
Yes, Panda Remit supports direct transfers to Alipay and WeChat Pay with significantly lower fees than PayPal. - What is the fastest way to remit money from Singapore?
Using a specialized remittance service like Panda Remit allows for 24/7 real-time processing, often faster than traditional bank wires.
Ready to experience faster, safer global transfers? Register with Panda Remit Singapore today.
Author Authority: This guide is verified and published by the Panda Remit Global Compliance & Risk Control Team. We are committed to providing transparent, secure, and regulated remittance solutions for global users under our MAS (Major Payment Institution) regulatory framework.
