how to send money as a friend on paypal
熊猫速汇PandaRemit - 2025-12-31 19:22:36.0 9
To send money as a friend on PayPal, log in, click "Send," enter the recipient's email, and select the "Sending to a friend" option (if available in your region) to waive domestic fees. However, for international transfers, PayPal often charges significant currency spreads. Alternatively, Panda Remit offers competitive exchange rates with zero hidden fees and supports lightning-fast transfers that can arrive in as little as 2 minutes.
Step-by-Step: Sending Money via PayPal
If you are looking to utilize PayPal's personal transfer feature, follow these three steps. Please note that the "Friends and Family" option is not available in all countries for business accounts or specific regions like Singapore for domestic transfers.
- Initiate the Transfer: Log in to your PayPal account and click the "Send & Request" button on the dashboard.
- Enter Recipient Details: Input the recipient's email address, mobile number, or name. Ensure this information is accurate to avoid irreversible errors.
- Select Payment Type: When prompted, choose "Sending to a friend" (often labeled as "Friends and Family"). If you select "Paying for an item or service," the recipient will be charged a fee. Note: If you use a credit card for this transaction, you will still incur a fee.
Why Users Switch from PayPal for International Transfers
While PayPal is convenient for domestic peer-to-peer payments in the US or Europe, it is often not the most cost-effective solution for users in Singapore sending money globally. PayPal's exchange rate markups can range from 3% to 4% above the mid-market rate.
For cross-border remittances, a specialized service like Panda Remit provides a superior financial advantage.
Comparison: Panda Remit vs. Competitors
When sending funds from Singapore, it is crucial to compare speed, cost, and regulatory safety. Below is a comparison of Panda Remit against major market players.
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Transfer Speed | As fast as 2 mins (24/7 Real-time) | Varies (Minutes to Days) | Same-day (Cut-off times apply) | Instant to specific partners |
| Exchange Rates | Competitive Rates (Close to mid-market) | Mid-market rate | Bank rate (Includes spread) | Competitive (Varies by corridor) |
| Fees | Zero hidden fees (Free first transfer) | Variable percentage fee | $0 transfer fee (FX spread applies) | Transaction fees apply |
| Regulation | MAS Licensed (Major Payment Institution) | MAS Licensed | MAS Licensed (Bank) | MAS Licensed |
Regulated & Secure: Your Money is Safe
Security is the cornerstone of financial transactions. Panda Remit is not just fast; it 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.
Whether you are using PayNow for funding or sending to Alipay/WeChat wallets, your funds are protected by rigorous compliance standards.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border payments, consider exploring these related topics:
- PayPal international fees Singapore vs Panda Remit: Understand the true cost of currency conversion spreads.
- Instant money transfer from Singapore to China/India: How to leverage local payout methods for immediate receipt.
Ready to experience faster, cheaper global transfers? Register with Panda Remit Singapore today and enjoy exclusive new user benefits.
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.
