PayPal: Not just for receiving international payments but shopping, accounting, and web tool
For freelancers and IT professionals receiving international payments, PayPal is almost a must. At times, PayPal is the only way to receive overseas payments.
Your email id is your PayPal id which makes it more convenient and safe than to collect/provide bank account details.
You can open a new PayPal account both as an individual and business house.
PayPal is not just for international payments. In India, you can also receive national payments despite the fact that the likes of PayTm, Google Pay, and PhonePe more popular.
For developers, PayPal is one of the preferred payment gateways to integrate with a website/eCommerce store for receiving one-time payments or subscriptions.
For business, in addition to sending invoice for receiving payments, you get an accounting tool to understand the business trends.
There are also national and international shopping offers on PayPal. However, as per many reports on the Web, PayPal appears biased towards buyers in cases of disputes raised. So sellers need to be cautious as there are instances of buyers misusing buyer protection facility.