PayPal payment services: What does it offer? |
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PayPal overview: Personal and business services

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PayPal has streamlined their fees to make transfers more straightforward.

PayPal does more than just processes online payments. It offers credit, a mobile wallet, and business services — all helping you move your money to where it needs to go.

Personal services

  • PayPal direct transfer. Send money to friends and loved ones overseas from your PayPal account.
  • Bank or cash money transfers. Send money overseas with PayPal’s Xoom money transfer service. Recipients can get cash in hand or have it deposited directly to their bank account without the need for a PayPal account.
  • Pay for purchases. Once you create an account and add a payment method, save time by making payments without pulling out your credit or debit card.
  • Pay with your mobile wallet. Pay for your purchase in stores with PayPal’s mobile wallet app. Pay with PayPal without even taking out your wallet.
  • Access credit. Take advantage of PayPal Credit and purchase goods now and pay for them within six months without paying interest.
  • Make eBay payments. Pay for your purchase on eBay with your PayPal account and rest assured your purchase is protected with PayPal’s Purchase Protection feature.

Business services

  • Merchant services. With a PayPal business account you can accept payments by website, app, email, phone or even in person or in store.
  • Borrow for your business. A PayPal business loan allows you to get funding within minutes for an affordable fixed fee. They also offer flexible payments and no credit check.
  • Credit card processing. Accept debit and credit cards by adding the PayPal button to your site to simplify accounting while saving money in the process.
  • Mobile card reader. Use your phone or tablet while on the go to accept payments with PayPal’s mobile card reader.
  • Point of sale solutions. Accept payments with a full POS solution with their PayPal Chip Card Reader setup, or try the PayPal Here app to accept payments.

PayPal is best for:

  • Small transfers. PayPal recently updated its fees to a more straightforward flat fee of $2.99-$4.99 depending on where you are sending your transfer.
  • Flexible transfers. Not every money transfer service offers direct-to-PayPal or mobile wallet options and recurring payments.
  • Fast, easy transfers. If you just want a simple option to send money domestically or overseas and you already have an account, PayPal offers simple, convenient transfers.

How much do money transfers cost with PayPal?

PayPal allows you to send money inside the US for free if it is funded by a linked bank account. But when you send money outside the US, you’ll pay a flat fee between $2.99 to $4.99.

You’ll pay a fixed fee for sending in a currency other than US dollars.

Australian dollar0.30 AUD
Brazilian real0.60 BRL
Canadian dollar0.30 CAD
Czech koruna10.00 CZK
Danish krone2.60 DKK
Euro (recipient is in France)0.25 EUR
Euro (recipient is outside of France)0.35 EUR
Hong Kong dollar2.35 HKD
Hungarian forint90 HUF
Israeli shekel1.20 ILS
Japanese yen40 JPY
Malaysian ringgit2.00 MYR
Mexican peso4.00 MXN
New Zealand dollar0.45 NZD
Norwegian krone2.80 NOK
Philippine peso15.00 PHP
Polish zlotych1.35 PLN
Russian ruble10 RUB
Singapore dollar0.50 SGD
Swedish krona3.25 SEK
Swiss franc0.55 CHF
Taiwan new dollar10.00 TWD
Thai baht11.00 THB
U.K. pounds sterling0.20 GBP

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 I make 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.

See how other transfer providers compare to PayPal

I want to send


Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 3 - 5 days USD 0.00 0.879 EUR 4,393 Transfer up to $500,000 with no minimums and no fees. Go to site Show details
USD 1 1 - 2 days USD 0.00 0.886 EUR
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
USD 1 Within an hour USD 0.00 0.874 EUR 4,368 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 1,000 1 day USD 0.00 0.877 EUR 4,384 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 0.882 EUR 4,411 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.
Go to site Show details
USD 5,000 1 day - - Venstar will support you through the entire process of your international transactions, from start to finish. Go to site Show details
USD 50 1 - 2 days USD 0.00 0.871 EUR 4,353 Simple, zero-margin exchange rates, plus earn loyalty points on sign up, referral and every transaction. Go to site Show details

Compare up to 4 providers

Available currencies and countries

PayPal is available in 203 countries, a full list of which is available on the PayPal website. Countries like Afghanistan, Cuba, Iran, Iraq, Syria and Sudan are excluded from this list, meaning you are unable to send funds to these destinations.

Overall, PayPal users can withdraw funds to their bank accounts in 57 currencies and hold a balance in their account in 26 currencies. PayPal allows its customers to transfer the following currencies overseas.

  • US dollars
  • Australian dollar
  • British pound
  • Canadian dollar
  • Czech koruna
  • Danish krone
  • Euro
  • Hong Kong dollar
  • Hungarian forint
  • Israeli new shekel
  • Japanese yen
  • Mexican peso
  • New Taiwan dollar
  • New Zealand dollar
  • Norwegian krone
  • Philippine peso
  • Polish zloty
  • Russian ruble
  • Singapore dollar
  • Swedish krona
  • Swiss franc
  • Thai baht
  • Brazilian real (only for Brazilian members)
  • Malaysian ringgit (only for Malaysian members)

Transfer limits

Verified account holders can send from $1 to up to $10,000 in a single transaction.

How do I use PayPal to send money overseas?

To send money using PayPal, you’ll need to sign up for a free PayPal account by entering your name, email address, residential address and mobile number. You’ll also need to link your credit or debit card or bank account to your PayPal profile

To transfer money, log in to your PayPal account. Enter your recipient’s email address and phone number. Next, enter the amount you wish to send in your desired currency, and review the fees and exchange rates that apply to your transaction. Once you’re satisfied with the details, confirm to send money to your recipient.

To track every stage of your transaction’s process, log in to your PayPal account and view Account Activity.

If something goes wrong or you have a question, PayPal offers a useful online Help Center with answers to many frequently asked questions. Customer service options do not include the convenience of live chat, but you can call or email PayPal for individual support. Or ask a question of fellow PayPal users in the Community Help Forum.

What is PayPal?

Established in 1998, PayPal is a leading global provider of digital payments. Processing around 12.5 million payments every day, PayPal boasts a massive customer base, with over 165 million active accounts worldwide. PayPal offers a secure payments system for online, in-store and mobile use.

Previously owned by eBay, PayPal separated from its parent company in July 2015 to become an independent, publicly-traded company listed on the NASDAQ stock exchange. From its San Jose, California, headquarters, PayPal processed around 4 billion payments, resulting in over $8 billion in revenue in 2014 alone. People in 202 countries around the world can use PayPal in 25 currencies.

What do customers say about PayPal?

Out of over 3,000 reviews on TrustPilot, the majority rate PayPal one star. Customers complain about its ineffective buyer protection feature and unfriendly customer support. However, 31% of reviewers do give PayPal five stars.

Customer support

You can get help with your transfer by:

  • Posing a question in the PayPal USA Community.
  • Reporting a problem in the Resolution Center.
  • Sending a message from the Message Center.
  • Calling customer service at 888-221-1161.

Compare PayPal to other popular providers

Shopping for an alternative? Compare these services to PayPal for sending money to someone.

Is PayPal worth it?

If you need to send funds to someone overseas, PayPal’s international money transfer option is worth considering. Just make sure you compare features, fees and exchange rates with those of other money transfer providers before you choose the option that’s right for you.

Frequently asked questions about PayPal

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US International Money Transfers Offers

Important Information*
XE Money Transfer

Transfer up to $500,000 with no minimums and no fees.

WorldRemit International Money Transfers

Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.


Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.


Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.

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2 Responses

  1. Default Gravatar
    AdepojuFebruary 9, 2017

    Empower asks me to open a Paypal account so that my money can be paid into. I am in Nigeria. Is it possible for me to receive the money?

    • Default Gravatar
      JonathanJune 25, 2017

      Hi Adepoju!

      PayPal doesn’t allow receiving funds in their Nigerian accounts. You can check our full-guide to see other money transfer services that can be considered.

      Hope this helps.


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