PayPal vs Pym
Both let you send USD to India. One charges a hidden 4% FX markup. The other charges $0. Here's the real difference — with live rates.
PayPal's hidden FX fee: PayPal does not charge a visible transfer fee for USD→INR, but embeds a 3–4% currency conversion spread into the exchange rate. On $1,000 that's $30–40 that simply disappears — most users never notice.
PayPal — Today's Rate
₹91.69/USD
~3.8% below mid-market
$1,000 → ₹91,686
Pym — Today's Rate
₹96.26/USD
Better than mid-market · $0 fee
$1,000 → ₹96,260
Switching from PayPal to Pym on $1,000 saves you
₹4,574
On $3,000/month that's ₹164,664 per year saved
PayPal vs Pym — detailed comparison
| Feature | Pym | PayPal |
|---|---|---|
| Transfer fee | $0 on bank & crypto | $0–5 + currency conversion fee |
| Exchange rate markup | None — better than mid-market | ~3–4% hidden markup |
| USD to INR corridor | ||
| Instant USDT / crypto deposits | ||
| Invoice & payment link tool | ||
| Free to send (ACH/bank) | PayPal charges FX spread | |
| Recipient needs an account | Recipient gets bank/UPI deposit | Recipient needs PayPal account |
| FinCEN / MSB registered | ||
| Transparent fees shown upfront | FX margin hidden in rate |
Common questions
What exchange rate does PayPal use for USD to INR?
PayPal applies a currency conversion fee of approximately 3–4% above the mid-market exchange rate. This fee is embedded in the rate they show you — it is not listed as a separate line item, which is why many people don't notice it.
How much does Pym save vs PayPal on a $1,000 transfer?
Typically ₹2,500–4,000 more per $1,000 transferred. On $3,000/month that's approximately ₹1 lakh per year that stays in your pocket instead of PayPal's.
Does my recipient need a Pym account?
No. Your recipient receives money directly into their Indian bank account or UPI. They do not need to download any app or create any account.
Is Pym safe compared to PayPal?
Yes. Pym is operated by Phodata LLC, a FinCEN-registered Money Services Business (BSA ID: 31000323177607). Transfers are processed via licensed partners including Stripe and Kraken. Your funds are never held by Pym.
Can I use Pym for business payments like I use PayPal?
Yes. Pym has an invoice tool (pym.ink/invoice) and a PayTag payment link (pym.ink/@yourname) that work exactly like PayPal invoice and payment links — but with better rates and $0 fees on bank transfers.
Stop overpaying PayPal
Switch to Pym. Better rate, $0 fees, your recipient gets more. Free in 2 minutes.
Switch to Pym FreeFinCEN registered MSB · BSA ID: 31000323177607