what is the fee to send money using paypal
Made Simple
Understanding the fees PayPal charges for international transfers can be very confusing we know!
It does not have to be that way.
Better yet, when you lot understand how they work – y'all can make PayPal work best for y'all (or not).
The key is to empathize the basics we have on this page.
First by knowing that PayPal determines the fees based on certain situations.
Family/Friends or Buying/Selling Goods and Services?
If you are sending money to family or friends as opposed to a business, their fees are quite unlike.
This is because businesses accept many options to take payments on PayPal, including invoicing, website payments, card readers and many more.
Buying or selling goods overseas is covered in our business section (beneath)
By and large though, sending money to family and "friends" is cheaper and the majority of this folio is dedicated to understanding these fees and reducing them!
Sending or Receiving Coin from Family unit and Friends
Jump Links
Let's start with the country where you are resident.
- A. USA
- B. UK
- C. Canada
- D. Australia
- Cheaper Alternatives to PayPal
Want to know the basics of sending coin?
This video is aimed at domestic transfers just the basics are the aforementioned for international money transfers to friends and family.
A. USA
Receiving and sending coin across the border using PayPal as a resident of the Us tin be washed to "family or friends" or as a business.
To piece of work out the total fees if you lot are sending money from the US to a friend or family member in another country, the fee yous will pay depends on four factors:
- The state where the recipient'due south account is
- The payment method used
- The corporeality involved
- Currency substitution fees
Bonus Info - How to Save on Fees
- Cheaper Alternatives
A.i Sending Money from the US
A.1.i The Country
Every transaction has a small fixed fee of nigh US$0.xxx, and the value of this fee tin modify depending on the currency in which it is paid.
A.1.ii Payment Method
Two Methods
- PayPal balance or a linked bank account
- Credit card, debit card or PayPal credit
Using your PayPal balance or a linked bank account volition oftentimes be free.
If the money being sent is funded with a debit card, credit card or PayPal credit, then an boosted fee of 2.9% of the corporeality involved is charged.
A.1.iii Corporeality Involved
Transactions with amounts that are beneath $50 are charged $0.99 if the payment is to Europe, Canada and many other countries.
If the amount being sent is between $50 and$100, the fee charged for the same countries is $ii.99.
The aforementioned fee applies for amounts exceeding $100, but when sent only to Canada or Europe.
A payment exceeding $100 to other countries attracts a fee of $4.99.
This table is an excerpt from PayPal.
For example, if you are sending $100 to Canada or Europe, you lot will pay a total fee of about $3.29 if it is funded with your PayPal residuum.
Total Fee = 30c + $2.99 = $iii.29 USD
Even so, the fee is about $6.19 if the money is from your debit or credit card balance.
A.1.iv Currency Substitution Fees (the recipient pays)
If the recipient can use US dollars, in that location are no additional fees. (For example, if your recipient is in a unlike country simply their predominant currency is Us dollars.) Withal, chances are the recipient may need those funds in their local currency.
Yous tin do this before you send the funds (cheaper but not cheap) or they volition accept to do it when it arrives (more expensive).
PayPal's exchange rate for personal payments includes a 2.5% to iv.5% margin subtracted from the interbank rate and depending on the receiving currency.
To compare PayPal with other money transfer services, you need to also consider the exchange rate PayPal offers, which volition always be different to the interbank rate.
A.1.five How to Relieve on Fees
There is a ii footstep process to help save money on fees when using PayPal.
- Fund the transaction from your banking company account in USD (cheapest method)
- Make whatsoever necessary currency conversion while still in your PayPal wallet to the recipients currency
While this can reduce fees, the sender is finer paying the fees for conversion which can be passed onto your recipient. It also worth noting that your recipient may prefer to be paid in USD.
All the same at that place are cheaper alternatives.
A.1.6 Cheaper Alternatives for sending below $7000 USD
In the The states even with the lowest fees possible on PayPal, you will yet be paying a minimum of 2.v% just on the exchange rate. When you take into business relationship the fixed fees for smaller amounts and if you use a credit or debit card these fees become very significant.
Y'all volition find that an culling provider (below) to exist much cheaper for amounts below $7000 USD. If you programme on transferring more than than a few hundred dollars (just less that $7000 US) information technology is worth the effort to sign upward.
A.1.7 Cheaper Alternatives for sending to a higher place $7000 USD
Higher up $7000 and we recommend a non-P2P money transfer visitor. For the United states check out OFX who has offices in the U.s. and is registered in almost every country.
A.ii. Receiving Money into the US
You can request money to be sent to you through an email, SMS or email.
Pretty handy.
If yous "asking money" from friends and family exterior of the U.s.a., there volition be like fees as sending to be paid by someone (see to a higher place).
As described in a higher place, the person sending the money can cover the fees, or you can pay the majority of them (by effectively having them removed) from the transferred amount earlier it reaches your PayPal business relationship.
For commercial transactions the fee structure is different.
Generally, a PayPal payment transaction from exterior the US attracts a fixed fee of $ 0.thirty USD.
In addition, you will then pay iv.4% of the amount involved if the transaction is commercial. In the upshot it is a donation, it is 3.7% of the amount involved.
The other fees yous incur in the transmission process arise from the conversion of your money from the currency of the country where information technology is coming from into the US dollar. The fees charged in this regard are of ii kinds: – a one.5% cross border fee and two.v% conversion fee.
The cross-border applies because of the procedure involved in moving money from overseas to the US. Meanwhile, the conversion fee applies when moving the money from a different currency to the Usa dollar. If the money comes from outside the US as dollars then you will pay only the cross-border fee.
But if the coin is sent in a different currency and has to be converted to the US dollar before it reaches y'all, so you take to pay a conversion fee likewise. And just with other payment service providers, the commutation rate y'all are provided with is always marked up a little, which means the platform volition sell you the Us dollar at a higher rate than the prevailing interbank rates.
For case, if you are receiving $100, PayPal will charge a total of virtually $7.2 for a commercial payment and about $6.5 if it is a donation. These fees can even so exist college or lower subject to exchange rates.
Longer class data on PayPal
US Fees for Transferring Domestically and Internationally
Fees for Selling and Accepting Payments in the United states of america
B. UK
B.1 Fees for sending money out of the UK
Given the human relationship between the U.k. and the residual of Europe, the fees you pay depend on which currency you are using – Pounds or Euro.
Similar a domestic transfer, if you are executing a transaction using the Euro or the Swedish Kroner y'all are not charged any fees.
All the same sending money to the rest of Europe from accounts denominated in the Sterling Pounds attract fees.
- The Amount and Land where funds will exist received
- Currency conversion (the recipient pays)
How to Relieve - How to Save on Fees
- Cheaper Alternatives
B.1.1 The Amount and Country
Every transaction has a fixed fee depending on the state you are sending coin to.
For payments below £50 you pay £0.99.
For payments between£fifty and £99.99 you pay £i.99.
Above £100 y'all are charged £1.99 for Canada, U.s., and Europe, while a fee of £three.99 is applicable for the rest of the globe.
B.1.two Currency Conversion
One of the main fees you will incur while sending money out of the UK from your PayPal personal account, is the currency conversion fee of between 2.5% and 4%, depending on the currency to which you are converting. You are also likely to incur the mark-upwards price that PayPal adds on summit of the currency market place exchange rates.
USD iii.5%
Euro iii.5%
AUD 4%
CAD iii.5%
B.one.3 How to Relieve on Fees
In that location are two chief ways you can salvage coin on fees when using PayPal. Past moving funds to your PayPal wallet from your bank account first (practice not use credit or linked debit cards) and make any currency conversions while however in your PayPal wallet.
Nevertheless there are cheaper alternatives.
B.1.iv Cheaper Alternatives for Sending Below £4000 GBP
Even with the lowest fees possible, you will still likely be paying three.v% or 4% merely on the exchange charge per unit and likely quite a scrap more than for smaller amounts especially when you take the fixed fees into account. Use a credit card or debit card and you will cease up paying over 10% in fees.
Overall, yous volition find alternatives like the recommended one (below) to be much cheaper. If you programme on transferring more than a few hundred pounds (but less that £4000 GBP) it is worth the attempt to sign upwardly.
B.1.5 Cheaper Alternatives for Sending Above £4000 GBP
Above £4000 GBP, nosotros recommend top rated money transfer companies. For the U.k., you are not stuck for option as there are three great coin transfer options for these larger transfers including OFX, TorFX and XE.
In the Britain, foreign currency accounts can also be an excellent option usually for smaller transfers especially if you need to make payments and go paid in multiple currencies or even make free ATM withdrawals while overseas.
B.2 Fees for receiving Money into the UK
Merely like it is the case if you are a resident of other countries, receiving money as a resident of the Uk from overseas is primarily free.
The fees the sender incurs are causeless to take care of the cost involved with moving of the money.
Nonetheless, yous might take to encompass the currency conversion fee if the person sending you the money does not exercise it for yous. This will price yous betwixt three.5% and 4% depending on the currency from which you are converting.
Ideally, information technology is appropriate to talk to the sender in accelerate and so that they can convert the money for you. Alternately you tin simply hold a balance in the currency that is sent to you and pay for things from that remainder in the same currency (this saves you the conversion fee twice).
Longer form information on PayPal
U.k. Fees to Family and Friends
PayPal United kingdom User Understanding fine impress on fees
C. Canada
PayPal offers two types of accounts in Canada: business organization and personal, and the fees vary in each case.
Also, the fees you pay on your personal account for sending or receiving money across international borders are different from what you pay when you transact with friends and family members who are within the country.
The focus of this mail service is the fees you pay to receive or transport money across international borders using a personal account every bit a resident of Canada.
C.ane Fees for sending money out of Canada
- The country where the recipient's account is
- The state where the funds will exist received
- The payment method used
- Currency exchange fees (the recipient pays)
Bonus - How to Save on Fees
- Cheaper Alternatives
C.one.1 Fixed Fee
The fees you pay for sending money from Canada to other countries depend on the target, whether the transaction is funded from your account or from a credit or debit bill of fare and the amount involved.
C.1.2 The Country
If you are sending to the US or Europe and the transaction is funded from your PayPal or a linked bank business relationship, you will be charged a fixed fee of $2.99 CAD.
Sending to any other country will cost you a fixed fee of $4.99 CAD.
C.i.3 Payment Method
If the transaction is funded from a credit or debit card, then you are charged an additional two.nine% of the corporeality involved and some other pocket-sized fixed fee of about 30c CAD – depending on the currency in which you send the money.
C.i.4 Currency Conversion
Some other blazon of fee y'all are likely to incur when sending coin from Canada is the currency conversion fee, between ii.v% and 3.5% and depending on the currency to which yous are converting.
Chances are the recipient may demand those funds you sent in their local currency.
And then while they receive funds initially in Canadian dollars, if you desire to compare PayPal with other coin transfer services, you need to also consider the exchange charge per unit PayPal offers, which will always be different to the interbank charge per unit.
C.1.5 How to Save on Fees
There at 2 main ways you tin can save money on fees when using PayPal.
- Make the currency conversion before you send funds.
- Practice non use a debit carte du jour or credit card to fund the transaction
Fifty-fifty if you lot practice these two things there are cheaper alternatives.
C.1.6 Cheaper Alternatives for Sending Below $9500 CAD
In Canada, even with the lowest fees possible, yous will still be paying between 2.5% and 3.v% only on the commutation charge per unit. When you lot accept into account the fixed fees for smaller amounts and if you use a credit or debit card these fees go very significant.
You will observe that alternatives like the one we recommend (below) to exist much cheaper. If you programme on transferring more than than a few hundred (but less that $9500 CAD) it is well worth the endeavour to sign up.
C.1.seven Cheaper Alternatives for Sending Above $9500 CAD
Above $9500 CAD, we recommend a top ranked coin transfer company. For Canada, bank check out OFX (review) who are recommended partly because they are regulated in Canada and maintain offices in Toronto and many other countries.
C.ii Fees for receiving money into Canada
In general, receiving money into your PayPal personal account is free fifty-fifty when the coin is from outside the state. The sender is expected to cover all the costs involved.
However, situations exist where yous are chosen upon to pay fees to receive money sent to you from outside Canada. The most common of these situations happen when the sender fails to convert into Canadian dollars before sending it to you.
That ways before you withdraw or spend the money, you may accept to convert it starting time.
This attracts a currency conversion fee, which ranges between 2.v% to 3.5% – depending on the currency from which y'all are converting. You also stand up to cover the mark-upward that PayPal adds on top of the reigning market substitution rate.
You can avoid this cost by declining to take the payment and requesting the sender to convert the money into your currency first earlier sending it.
Longer form data on PayPal
PayPal Canada Fees Page
D. Commonwealth of australia
In this post nosotros focus on the fees you lot will be charged for using your personal PayPal account to send or receive money beyond international borders as a resident of Australia.
Excluded in this mail are fees you lot pay when you send and receive money on your personal account to and from within Australia. Besides, this mail service does not encompass fees you pay for using your commercial PayPal account.
D.1 Sending Coin Out of Australia
To work out the fees if yous are sending money from the The states to friend or family member in another country, the fee you will pay depends on four fees:
Fees
- The country where the recipients business relationship will be received
- The payment method used
- The amount involved
- Currency substitution fees (the recipient pays)
Bonus - How to Save on Fees
- Cheaper Alternatives
D1.i The Receiving Country
This is a small fixed fee of near 30c AUD depending on the currency in which the transaction is executed.
D.1.2 The Payment Method
The fees y'all pay for sending money from Commonwealth of australia to other countries depends on two factors: whether the corporeality involved is funded from your PayPal and linked bank account balances or from a debit or credit card.
If the transaction is funded from a credit or debit carte, then you lot will pay an actress 2.ix% of the amount involved.
D.ane.3 The corporeality involved
When the transaction is funded from PayPal or linked banking company account, and the corporeality y'all are sending is beneath $50, you will be charged $0.99.
For amounts between $fifty and $100, the fees are $2.99.
If y'all are sending funds that are more than than $100, the fees are fixed at $5.99.
D.ane.4 Currency exchange fees
If the coin being sent has to be converted to US Dollars or Canadian dollars then you will pay a currency conversion fee of 3.5% of the amount involved. For other currencies, the fee is 4.0%.
D.1.5 How to Save on Fees
At that place are two main ways you can salve money on fees when using PayPal.
- Make the currency conversion in your own wallet before y'all send funds.
- Do not use a debit bill of fare or credit carte to fund the transaction
Fifty-fifty if you practice these things there are cheaper alternatives.
D.1.6 Cheaper Alternatives for Sending Beneath $9500 AUD
In Australia, fifty-fifty with the lowest fees possible, yous will notwithstanding exist paying a minimum of 3.five% just on the exchange rate. When you have into account the fixed fees for smaller amounts and if you use a credit or debit card these fees go very meaning.
You will discover an alternative provider (below) to be much cheaper for amounts below $9500 AUD. If you plan on transferring more than a few hundred dollars (but less that $9500 AUD) information technology is worth the effort to sign upward.
D.ane.vii Cheaper Alternatives for Sending Above $9500 AUD
Above $9500 AUD and nosotros recommend a non-P2P money transfer company. For Australia, check out OFX or TorFX who are recommended because they accept offices in Australia and are regulated in Commonwealth of australia as well.
D.two Receiving Coin into Australia
The assumption is that you do not pay fees when receiving money through your personal PayPal account from outside Australia – this is true if the sender pays in AUD.
Yet, if the person sending yous the money fails to convert it first into AUD, you volition incur a currency conversion fee of between two.5% and 3.five%—depending on the currency from which you are converting.
You lot also stand to incur a marking-up fee PayPal adds on top of the reigning currency exchange rate. And then, you have the option of request the sender to reverse the payment, converting, and then sending the coin to you.
Another fee you stand to pay when receiving payment into your personal business relationship from outside Commonwealth of australia would utilise when withdrawing the money into your banking company business relationship.
The fee is 2.5% of the amount involved. Nonetheless, this fee applies to all withdrawals done from PayPal regardless of where the money came from, outside or inside the country.
Cheaper Alternatives for Sending Below $7000 USD
In most situations when sending coin abroad below $7000 USD, in that location are cheaper and more than transparent alternatives to PayPal.
For example, Wise (review) (formerly TransferWise) in virtually situations costs just a fraction of what PayPal charges. This is considering they always convert your coin at the mid-market rate and don't add whatsoever mark ups, unlike PayPal.
But what we really honey nigh Wise is their ridiculous transparency throughout their site. Their widget on the homepage breaks downwards the cost in an easy to empathise fashion (check it out below). You can make payments directly into your friend or family's bank account and pay via bank transfer or using your debit card.
When it comes to fees, they show you upfront exactly what yous volition pay and simply utilise the mid-market rate.
Visit Wise Widget and Compare Hither
Business
Business fees for international payments can tend to be quite complicated as in that location is a stock-still fee and substitution charge per unit in addition to fees related to the way you apply PayPal to accept payments.
If yous are a professional, digital marketer, product/service seller or freelancer looking to salvage money on the fees charged through PayPal or your bank you might similar Payoneer (review).
As a payment gateway for e-commerce businesses Skrill (review) is a stiff competitor.
This video goes some way to explaining how all this works.
Accepting International Payments (a PayPal video)
Jump Links
- A. USA
- B. UK
- C. Canada
- D. Australia
A. The states – PayPal Business Fee
For a business organization transaction PayPal charges unlike fees depending if you are buying or selling.
A.1. Ownership (from overseas in the United states)
For those in the US buying a product or service from a business, PayPal charges a currency conversion fee.
This currency conversion fee is based on the wholesale rate PayPal receives from their banking concern (close to the interbank rate) with 2.5% added.
The seller also pays transaction fees which depend on the country and way that payment is taken.
Terminate to finish the full fees accumulated are usually virtually 5% to 6%.
A.two. Selling (overseas from the U.s.a.)
When selling overseas from the Usa a transaction fee of 4.four% plus a small-scale fixed fee based on the currency is practical.
In add-on to these if payment is non taken in USD at that place is a currency conversion fee that the seller pays to convert the currency to USD. This is 2.5% above the wholesale rate (close to interbank rate).
B. Britain – PayPal Business organization Fees
For a business organization transaction PayPal charges dissimilar fees depending if you are ownership or selling.
B.1. Buying (from overseas in the U.k.)
For those in the UK, PayPal says, "Information technology's free to use PayPal to purchase something unless it involves a currency conversion."
To the right are the currency conversion fees based on the country you lot are buying the production or service from.
B.2 Selling (overseas from the UK)
Fees for taking payments in the UK from people outside of the UK are based on the (1) Domestic Commercial Payment Fees + (2) Cross Edge Fee + (3) Fixed Fee + (4) Currency Exchange Fee
B.2.1 Domestic Commercial Payment Fees
Getting paid domestically or internationally can be done through PayPal in many different ways. See "Selling with PayPal" on this page.
For example, buttons on your website concenter fees of 1.ix% + 20p per transaction.
B.two.2 Cantankerous Edge Fee
** Europe I: Austria, Belgium, Cyprus, Estonia, France (including French Guiana, Guadeloupe, Martinique, Reunion and Mayotte), Federal republic of germany, Gibraltar, Hellenic republic, Ireland, Italy, Luxembourg, Malta, Monaco, Montenegro, Netherlands, Portugal, San Marino, Slovakia, Slovenia, Spain, United Kingdom (including Channel Islands and Isle of Man), Vatican City State.
† Europe 2: Albania, Andorra, Belarus, Republic of bosnia and herzegovina, Bulgaria, Croatia, Czech republic, Georgia, Hungary, Kosovo, Latvia, Liechtenstein, Lithuania, Macedonia, Moldova, Poland, Romania, Russian federation, Serbia, Switzerland, Ukraine.
* Northern Europe: Denmark, Faroe Islands, Finland (including Aland Islands), Greenland, Republic of iceland, Kingdom of norway, Sweden.
B.2.iii Fixed Fee (Based on Currency Received)
This fee is a minor fixed fee based on the currency.
€0.35 EUR, $0.xxx USD, $0.45 NZD, ¥xl.00 JPY, $ii.35 HKD, $0.30 CAD, $0.30 AUD
B.2.iv PayPal Conversion Fee
If you receive payments in another currency and convert that to GBP the fee is ii.five% in a higher place the base commutation rate (very shut to interbank charge per unit).
If a conversion takes place equally part of the transaction (in other words your prices are in GBP) a currency conversion fee will be applied.
C. Canada – PayPal International Business organisation Fees
Are you looking to buy or sell from Canada?
C.one Buying (from overseas in the Canada)
For those in Canada, PayPal says, "It'southward free to buy something with PayPal unless it involves a currency conversion."
Currency conversions in Canada PayPal receives a wholesale rate from their bank (close to the interbank charge per unit) and adds 2.5%.
The seller likewise pays transaction fees which depend on the country and way that payment is taken.
End to stop the full fees accumulated are about 5% to 6%.
C.2 Selling (overseas from Canada)
Fees for taking payments in Canada from people outside of Canada depend on (1) Transaction Fee + (2) Fixed Fee + (iii) Currency Exchange Fee.
In addition, if y'all take payment in USD there is a (4) Withdrawal Conversion Fee if you catechumen that to CAD when y'all take it to your depository financial institution account.
C.2.1 Transaction Fee
If the funds you are receiving are coming from a PayPal account, outside Canada and the US A fee of 3.9 % of the transaction corporeality plus a fixed fee based on the currency. For the US it is 3.7% of the transaction amount plus $0.30 USD.
C.2.two Stock-still Fees
Discount rates to charities registered with the Canada Revenue Agency (CRA).
Payments Pro, Virtual Terminals, Payment Gateways, Micro Payments (Boilerplate <$12), Mass Payments all accept different fees for the pct and fixed fee
C.2.3 Currency Substitution Fee
However if you take payments in the local currency and so y'all volition too pay an additional currency conversion fee as well.
Typically this is most 2.5% higher up the interbank rate.
C.ii.four Withdrawal Conversion Fee for Merchants
Rather than paying the currency conversion fee (C.two.3 higher up) you lot can accept payment in USD. Then you will be charged a fee that applies to the conversion of a U.South. Dollar Balance to Canadian Dollars before you withdraw it to your bank account just simply if y'all have applied and qualified for Merchant rates.
| Monthly Sales Volume | Currency Conversion Fee |
|---|---|
| $0.01 – $three,000.00 CAD | 2.l% |
| $3,000.01 – $12,000.00 CAD | 1.50% |
| $12,000.01 – $125,000.00 CAD | ane.l% |
| Over $125,000.00 CAD | 1% |
D. Australia – PayPal International Concern Fees
Are yous looking to buy or sell from Commonwealth of australia?
D.1 Buying (from overseas in the Australia)
If yous are buying and the seller does not accept Aussie dollars, PayPal will charge a fee in a higher place the exchange charge per unit.
For United states or Canadian dollars, the fee is 3.five% above the commutation rate, while information technology'due south 4% for all other currencies.
Within your PayPal account (not as office of a purchase) to any currency 2.v% above the exchange rate.
Basically PayPal provides two options. You can pay your overseas supplier and they accuse 3.5 % or 4 % in fees or you can modify yous AUD into their currency for 2.5% within the account.
With the second option at 2.5% you lot might retrieve – well I will cull that and so! However bare in mind, there volition be additional transaction fees which the seller has to pay in the course of transaction fees and depend on the style the seller transacts.
For instance, if the seller requests the money the fee is 2.9% + a pocket-size fixed fee. Full Fees = 2.five% + 2.9% = 5.4% (run into Transaction Fees for Selling)
D.2 Selling (overseas from Australia)
Fees for taking payments in Australia from people outside of Australia depends on the (1) Transaction Fee + (2) Fixed Fee + (3) Currency Exchange Fee.
D.2.1 Transaction Fee
D.2.2 Fixed Fee
The fixed for international transaction fees is roughly $0.30 in the currency where the money is coming from.
D.2.3 Currency Exchange Fee
In Australia, if yous receive payments in currencies other than Australian dollars, PayPal converts them at ii.5% higher up their base charge per unit when you withdraw your coin to your linked bank account.
The base rate is the rate at which PayPal obtains foreign currency and this is typically very close to the interbank rate.
Merchant Fees Links
U.s. – https://www.paypal.com/us/webapps/mpp/merchant-fees
Uk – https://www.paypal.com/uk/webapps/mpp/paypal-fees
Canada – https://world wide web.paypal.com/ca/webapps/mpp/merchant-fees
Australia – https://www.paypal.com/au/webapps/mpp/paypal-seller-fees
Source: https://transumo.com/paypal-international-fees/
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