PayPal: Control How You Pay for Almost Everything

PayPal offers personal and business financial solutions to its customers.

Did you know the world leader in quick and easy online purchase payment solutions, PayPal, also allows its customers to transfer money overseas? They also offer PayPal Credit, a mobile wallet app and an eBay payments service. And businesses can take advantage of their merchant services, credit card processing, secure a business loan and more.

Personal services

International 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. And they don’t need a PayPal account. Or send money to friends and loved one overseas from your 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.

Access credit. Take advantage of PayPal Credit and purchase goods now and pay for them later. Please be aware that interest will be charged to your account from the posting date (which is usually within a few days of the purchase date) if the purchase balance is not paid in full within 6 months.

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.

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 on your website or app, in person or in your store, or by email or phone.

Borrow for your business. A PayPal business loan allows you to get funding within minutes while paying one 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, and 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. PayPal offers a range of solutions for accepting payments. Choose a full POS solution with their PayPal Chip Card Reader setup, or try the PayPal Here app to accept payments.

How can I use PayPal to send money overseas?

It’s quick and easy to send money overseas with PayPal. If you don’t already have one, you need to sign up for a PayPal account 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, and you can also start transferring money overseas. To make a transfer, simply log into your account and click on the “Send Money” tab. Your recipient will also need to have a PayPal account. Next, enter your recipient’s phone number or email address, the amount you want to send and a description of the transfer. PayPal will give you a total cost for the transaction, including transfer fees and currency exchange rate, when applicable. Review this information and click “Send Money” if you are ready to transfer your funds. From start to finish, the whole PayPal international money transfer process takes just a few minutes. 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.

You can also use Xoom, a PayPal service, to make an international money transfer without signing up for a PayPal account.

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

See how other transfer providers compare to PayPal

I want to send


Enter your details to speak to a foreign exchange expert

By submitting this form, you agree to privacy policy
Ofx Logo

Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting
Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
USD 1,000 1 day USD 0.00 18.815 Online, Phone, Bank Account to Bank Account MXN 94,074 Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for 100+ currencies.
Go to site Show details
USD 1 3 - 5 days USD 75.00 18.881 Online MXN
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
1 day USD 0.00 18.805 Online, Phone, Bank Account to Bank Account MXN 94,027 Exclusive exchange rate discounts
No-maximum limit transfers with competitive exchange rates for 100+ currencies.
Go to site Show details
USD 100 3 - 5 days USD 5.00 18.796 Online, Phone MXN 93,886 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site Show details
Do you send money often? Track this rate with tailored alerts direct to your inbox

Compare up to 4 providers

Pros and cons of using PayPal for an international money transfer

  • 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.
  • Great for small transfers. PayPal’s fees are based on how much money you are sending. If you are sending a small amount, its fees are very reasonable.
  • Customer service. There are several customer service options available if you need help with a transaction.
  • 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 for another to make your PayPal international money transfer, you might find that its exchange rates are not as favorable as its competitors. PayPal’s currency exchange rates start at 2.5%.
  • PayPal accounts. Both you and your recipient will need to have PayPal accounts.

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

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.

Compare PayPal to other popular providers

Popular providers
Bitcoin vs. PayPalWestern Union vs. PayPal
MoneyGram vs. Western Union vs. PayPal PayPal vs. US banks for international transfers
Was this content helpful to you? No  Yes

US International Money Transfers Offers

Learn about our information service
HiFX International Money Transfers

Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

WorldRemit International Money Transfers

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

World First Foreign Exchange

Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for 100+ currencies.

TransferWise International Money Transfers

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

Back to top

Read more on this topic

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and our Privacy Policy.

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?

    • Staff
      JonathanJune 25, 2017Staff

      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.