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PayPal international money transfer review

A quick and convenient way to send money overseas.

Send money almost anywhere with flexible transfer options and an easy process

With low fees on small transfer amounts and fast transfer processing times, PayPal makes it possible to send over 20 currencies across more than 200 countries, allowing you to send money almost anywhere around the world.

How much does it cost to transfer money with PayPal?

How much it costs depends on how much money you send, where you send it and how you pay for the transfer.

Flat fees for sending in a different currency

CurrencyFee
Australian Dollar:0.30 AUD
Brazilian Real:0.60 BRL
Canadian Dollar:0.30 CAD
Czech Koruna:10.00 CZK
Danish Krone:2.60 DKK
Euro:0.35 EUR
Hong Kong Dollar:90 HUF
Hungarian Forint:2.35 HKD
Israeli Shekel:1.20 ILS
Japanese Yen:40 JPY
Malaysian Ringgit:2.00 MYR
Mexican Peso:4.00 MXN
CurrencyFee
New Zealand Dollar:0.45 NZD
Norwegian Krone:2.80 NOK
Philippine Peso:15.00 PHP
Polish Zloty:1.35 PLN
Russian Ruble:10 RUB
Singapore Dollar:0.50 SGD
Swedish Krona:3.25 SEK
Swiss Franc:0.55 CHF
Taiwan New Dollar:10.00 TWD
Thai Baht:11.00 THB
U.K. Pounds Sterling:0.20 GBP
U.S. Dollar:0.30 USD

Exchange rates

PayPal’s exchange rates are calculated by a financial institution and updated multiple times a day to reflect fluctuating market conditions. PayPal’s bank adds 2.5% to a wholesale rate price to calculate the service’s retail foreign exchange rate. If you compare the rates offered by PayPal, you’ll see that they can be competitive against the rates offered by banks and other foreign exchange providers.

To view PayPal’s current exchange rates, log in to your account. On your profile summary page, click Details next to PayPal balance, then click Manage currencies. From this page you can enter the relevant information and click Calculate to see the resulting exchange rate before initiating your money transfer.

What types of transfers can you carry out with PayPal?

PayPal does not offer the flexibility of rate locks or forward contracts, but you can schedule recurring transfers using its Balance Manager. Keep in mind that doing so will incur a fee.

There’s no cash pickup option available for your recipient, with all transfers handled electronically.

Pros and cons of using PayPal

Pros
  • Easy. Sending money overseas with PayPal is fast, easy and intuitive.
  • Fast. PayPal international money transfers are faster than many other international money transfer options.
  • Secure. PayPal offers 24/7 transaction monitoring, next-level encryption and dispute resolution options. Its “deep learning” artificial intelligence technology makes it extremely resistant to fraud.
  • Customer service. There are several customer service options available if you need help with a transaction.
  • Good for small transfers. PayPal’s fees are a percentage of your transaction amount, making it a cost-effective solution when you need to transfer smaller amounts.
  • Worldwide network. PayPal is available in more than 200 countries around the world, allowing you access to a wealth of possible transfer destinations.
Cons
  • Not ideal for larger transfers. With fees that are based on a percentage of your transfer amount, PayPal might not be your best option when transferring large amounts.
  • Fees. PayPal’s fee structure can add a lot to the total cost of your transfer. Its fees are calculated based on the amount of money you are sending. If you send a large amount, expect to pay a lot in fees. Fees also vary based on where your money is going. Finally, your fee will be higher if you use a credit or debit card to fund the transaction, rather than your PayPal account or linked bank account.
  • Exchange rates. If you will be exchanging your currency to make your PayPal international money transfer, you might find that its exchange rates are not as favourable as its competitors. PayPal’s currency exchange rates start at 2.5%.

How does PayPal compare to other services?

1 - 9 of 9
Name Product Minimum Transfer Transfer Time Transfer Fee
Wise (TransferWise) - Germany
USD$1
1-2 Tage
Varies
Sparen Sie Geld durch den Mittelkurs und durch eine transparente Gebührenstruktur.
CurrencyFair - Germany
EUR€8 or equivalent
1-2 days
0.1% to 0.6% of the amount exchanged plus a EUR€3 (or currency equivalent) transfer fee.
Sonderangebot: Neukunden erhalten in den ersten 3 Monaten unbegrenzt gebührenfreie Überweisungen. Es gelten die AGBs.
CurrencyFair bietet unschlagbare Wechselkurse und schnelle Überweisungszeiten für mehr als 15 gängige Währungen.
Azimo - Germany
GBP 10
Instant
Varies
Azimo ist bekannt für schnelle Überweisungen, wettbewerbsfähige Preise, niedrige Gebühren und eine große Bandbreite an Zahlungs- und Überweisungsoptionen.
Remitly - Germany
EUR 0
1-5 days
EUR 1.49
Remitly bietet schnelle und günstige Überweisungen um die Welt mit Spar- und Expressoptionen.
Revolut - Germany
Revolut - Germany
USD $0
Within minutes
USD $0
Führen Sie von Montag bis Freitag gebührenfreie Überweisungen in über 27 Währungen durch.
XE Money Transfers - Germany
EUR€0
Same day
EUR€2
XE bietet schnelle Überweisungen mit niedrigen Gebühren und eine Reihe von Fremdwährungstools.
Panda Remit - Germany
Panda Remit - Germany
$10
Within minutes
0
Sonderangebot: Unbegrenzte gebührenfreie Überweisungen & 5 EUR Überweisungsgutschein. Es gelten die Bedingungen.
Panda Remit sendet Geld in über 30 Länder mit 24/7-Kundensupport und exklusiven Wechselkursen.
WorldRemit - Germany
USD$1
2 working days
USD$3.99
WorldRemit sendet Geld in über 110 Länder für Bank-zu-Bank-Einzahlungen, Bargeldabholungen oder Handy-Aufladungen.
Key Currency - Global
Key Currency - Global
£5000.00
Same day on all majors, 1 day on exotics
None
Make same-day transfers in all major currencies across Europe.
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How do I send an international transfer with PayPal?

It’s quick and easy to send money overseas with PayPal. If you don’t already have a PayPal account, you’ll need to sign up for one before you can transfer money internationally. Accounts are free to open and you can apply online; you’ll just need to provide the following details:

  • Your name and date of birth
  • Your email address and phone number
  • Your residential address
  • The details of your linked bank account or credit card Once you’ve signed up, you can use your PayPal account to purchase a range of goods and services online; you can also start transferring money overseas. From start to finish, the whole PayPal international money transfer process takes just a few minutes.

    1. Log in to your account and click on the Send Money tab.
    2. Enter your recipient’s phone number or email address, the amount you want to send and a description of the transfer.
    3. PayPal will give you a total cost for the transaction, including transfer fees and currency exchange rate, when applicable.
    4. Review this information and click Send Money if you are ready to transfer your funds.

    You can use PayPal to transfer money internationally from:

    • Your PayPal account balance
    • Your linked bank account
    • Your linked credit or debit card

    The funds will be available in your recipient’s PayPal account almost immediately. They can then keep the money in their PayPal account or transfer it to a linked bank account. Transferring it to a bank account can take several days.

    How do I withdraw funds from a PayPal account?

    There’s only one way to withdraw money from your PayPal account:

    In order to transfer to your bank account, log into your PayPal account and choose how much money you’d like to transfer to your bank account. Then, select which bank account you’d like to transfer the funds to. There are no fees involved and it usually takes 1-2 business days for the transaction to go through.

    Bottom line

    If you’re looking for an easy solution to your international money transfer needs, compare PayPal’s features, benefits and fees with those of other money transfer providers to find the safest and most cost-effective transfer method available.

    Frequently asked questions about PayPal money transfers

    Back to top

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