Paypal Fees Sending Money Overseas – PayPal was founded and remains primarily focused on being an online payment system. When it comes to international payments, PayPal is expensive and difficult to compare with other methods. In this post, we’ll show you how to pay more, keep your prices low, and show you other ways to do better.
I’ve been using PayPal for over 10 years and to be honest I always ignored international payments because every time I looked for them they were hard to find!
Paypal Fees Sending Money Overseas
It turns out that it may be more than a few percent, but more importantly, I want to show you the best practices.
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Buying or selling abroad is covered in detail in our PayPal business section (below), but, in general, it’s cheaper to send money to family and friends, and most of this page is dedicated to understanding and reducing those costs!
While we do our best to explain PayPal fees clearly, things change and we’re human, and we can make mistakes. See the official documentation
This post may contain tips and affiliate links to help you save money. See our release here for more information.
This video is designed for domestic transfers, but the basics of comparing international money transfers to friends and family are the same.
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Example: If you send USD to USD from a PayPal USD account, fees (3) and (4) will not be added to the total (sender) payment.
Even if you use your PayPal account, linked account, or card (credit, debit, or PayPal credit), the fee is 5% of the amount (minimum amount: $0.99; maximum fee: $4.99).
The minimum fee applies to transactions under $100, with a maximum of $4.99 for anything over $100.
In the US, PayPal account transfers are free, and credit or debit card transactions charge 2.9% of the amount invested.
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However, if you “request money” from friends and family outside of the US, there will be fees that the sender does not pay in their home country.
If currency exchange is required however, then a “currency exchange spread” of 3 to 4%.
Fees vary based on many factors. Some may be charged to the sender and some may be charged to the recipient.
There are no fees for sending and receiving GBP in the UK or the following countries:
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But to send money to Europe and other countries you have to pay the following.
This fee is 5% of the price between £0.99 and a maximum of GBP 2.99 (occurring at £60).
One of the biggest fees with PayPal is the currency conversion fee, which varies depending on the currency you exchange.
To calculate the fees included in the conversion rate, PayPal provides and indicates Wise’s current mid-market rate.
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However, if the sender does not, you may have to pay an exchange fee.
Alternatively, you can simply keep the balance in the money sent to you and pay from that balance in the same currency (which saves you two conversion fees). For example, many people work in USD or EUR.
Fixed fees for sending money outside of Canada depend on your income and apply only when using a card.
Often when sending money abroad, a large part of the total cost is currency exchange.
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At the time of writing, the interest rate was set at 4% – which is the current exchange rate for Canadian dollars.
Withdrawals from your Canadian PayPal account are free even from abroad. Sender pays all costs.
However, there are cases where you may be required to pay a fee to send money to you outside of Canada.
If money is sent in CAD, it will attract a currency exchange fee, which at the time of writing is set at 4% – which is the current Canadian currency exchange fee.
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Security tip: You can avoid this fee by asking the sender to exchange your money first before sending the money.
When sending money from Australia to the US to friends or family in another country, consider the following:
How much you’ll pay to send money outside of Australia depends on two things: the amount involved depends on your PayPal and linked bank account balance or your debit or credit card.
If the transaction is backed by a credit or debit card, you’ll pay 2.6% of the amount + a fixed fee.
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Funding via PayPal balance or linked bank account: 5% investment – minimum payout 0.99 AUD, maximum payout 5.99 USD.
Using credit or debit card: 5% of amount + 2.60% (card fee) + fixed fee (based on income – as above)
This is a fixed amount that is used to send money abroad and depends on his income.
However, if the sender can’t convert it to AUD first, they will charge a 4% conversion fee based on the currency you converted.
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If you have a PayPal account and someone is happy to receive money from their account, PayPal is a reliable option.
We recommend a service like Smart (review) that can send money to 70 countries with 40+ currencies.
Best of all: the smart calculator (opens in a new tab) shows all the costs easily and clearly before paying.
It is regulated in the US, UK, Canada and Australia, keeping fees low as prices rise.
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PayPal transaction fees for international payments can be complicated because there are fixed fees, interchange fees, and how you get paid through PayPal.
If you’re a professional, digital marketer, product/service seller, or freelancer looking to get paid by PayPal or your bank, you might be interested in Payoneer (update).
There are four types of costs to calculate the total cost of a buyer’s overseas business transaction:
These fees vary based on your income and followers. Note: Sending/receiving money for goods and services does not attract this fee.
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This is 4% if “Payment for goods or services in a currency other than the currency in which the goods or services are shown” or “PayPal Payments”
Note: There are many cases of donations, charities, and micropayments (to name a few) that are available in the PayPal Merchant Payments section in the US.
There are four types of expenses for calculating the cost of a marketing campaign when the customer is overseas:
The location of the customer and the combination of payment methods for your business may vary, and so may the payment.
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This is adjusted based on the amount received and added to the percentage paid based on the purchase method (B.1.2).
PayPal added a 3% margin to the exchange rate. The money “merchant account and the payee agree to process the money transfer.”
Note: There are many terms and conditions such as Donations and Donations (to name a few) which are in the UK PayPal Merchant Fees section.
However, our goal here is to present and simplify the most common PayPal payments for Canadian businesses.
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Other payments include Donations, Donations, Other Payment Methods, PayPal Here, Credit Card Payment Services, Payment Gateways, and Micropayments, which can be found on the official Canada Business page.
These fees are calculated based on the amount received and used for “Business Transactions” and “QR Code Transactions”.
PayPal adds a 4% margin to the total money transfer rate. This fee is for currency conversions that occur “when using merchant transactions and PayPal payments.” More about currency exchange here.
Other payments include donations, grants, alternative payment methods, online card payment services and micropayments, which can be found on the official PayPal Australia Merchant Payments page.
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This fee is 2.6% in local currency and is used for foreign transactions + 1% extra for other countries.
To convert the amount received into AUD, PayPal charges a conversion fee of between 3-4% of the amount.
There have been a number of great ways for PayPal to do business over the last few years, especially when dealing with multiple currencies and exchange rates.
The problem: PayPal is designed to make payments to and from others, which can be complicated and expensive compared to transferring money.
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Solution: If your business requires international remittances, then Smart (Check) is our best choice for transfers under $7,000 and OFX (Check) is our best choice for transfers over $7,000. We’ve made it clear in our reviews and elsewhere on the site why we think so
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