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. In addition, eBay purchases made by credit card through PayPal may incur extra fees if the buyer and seller use different currencies.
Wire Transfer is one of the easiest offline modes of sending money globally.ICICI 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 ICICI in India within 1-2 days.