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3 days
Fastest Transfer Speed
$1
Minimum Transfer Amount
$10,000
Maximum Transfer Amount
Available Currencies | AUD, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, MYR, NOK, NZD, PHP, PLN, RUB, SEK, SGD, THB, TWD, USD |
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Customer Service | Phone, Live chat, Email |
Pay By | Credit card, Debit card, Bank transfer |
Receiving Options | Bank account, Mobile wallet |
PayPal is one of the leading payment solutions and money transfer service providers in the world with over 325 million accounts across 200+ countries.
With PayPal, link multiple bank accounts and credit cards to a single, online account, from which you can pay for online and in-store purchases everywhere PayPal is accepted. You can also send money transfers across Canada and around the world though PayPal’s international money transfer service, Xoom.
PayPal was formed in 2000 by the merger of Confinity, a US software company cofounded in 1998 by Peter Thiel, and X.com, an online bank cofounded in 1999 by Elon Musk. The company was acquired by eBay in 2002 for $1.5 billion but has been operating independently since 2015.
Sending and receiving money through PayPal is easy. Simply login to your account, select Pay & Get Paid and enter the details of your transfer.
Deposits | Withdrawals |
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There are multiple ways of funding a PayPal money transfer:
| Withdraw money from your PayPal account to your bank using a linked debit card or linked bank account. Similarly, load PayPal funds onto your credit card via a linked credit card. Login to your PayPal account, navigate to your wallet and select Transfer Funds (or Withdraw Funds, if you’re using the mobile app). Follow the rest of the prompts to complete the withdrawal. There’s no fee for withdrawing funds from PayPal to an another institution. However, there are fees for sending and receiving international money transfers to and from your PayPal account. See below for details. |
PayPal’s fee structure is transparent but complex. The cost of your transfer depends on the type of transfer, where you’re sending funds and your payment method. International money transfers come with additional fees.
How much does PayPal charge for international transactions? How much do PayPal transfers in the US cost? See how PayPal fees break down for personal (non-business) money transfers.
Funding method | Destination country | Fees (USD) |
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PayPal account, linked bank account or Amex Send Account | United States | $0 |
Credit card, debit card or PayPal Credit | United States | 2.9% of transaction amount + $0.30 |
PayPal account, linked bank account or Amex Send Account | Any other country | 5% of the transaction ($0.99 minimum, $4.99 maximum) |
Credit card, debit card or PayPal Credit | Any other country | 2.9% of the transaction amount + 5% of the transaction ($0.99 minimum, $4.99 maximum) + fixed fee based on currency |
As of April 2022, PayPal’s exchange rate markups generally ranged from 2.9 to 5% or more, depending on the currency.
1 USD = | Mid-market rate | PayPal’s markup | |
---|---|---|---|
AUD | 1.39451 | 1.3595 | 2.51% |
CAD | 1.2835 | 1.2410 | 3.31% |
EUR | 0.8857 | 0.8566 | 3.29% |
GBP | 0.7540 | 0.7318 | 2.94% |
MXN | 21.0010 | 20.3255 | 3.22% |
PHP | 50.1955 | 48.7376 | 2.90% |
When selling goods and services online through PayPal, the fees can vary based on the buyer’s payment method and currency.
PayPal takes many measures to keep your money and transactions safe and secure, but how you use PayPal still factors into whether or not it is safe for you to use. PayPal helps keep you and your money safe by:
Thanks to its ironclad security, I also like using PayPal for eBay purchases or whenever I’m shopping on a site for the first time. I know that if I have any issues, PayPal’s team will step in to help me to recover my money — which they’ve done in the past.
However, PayPal’s fees and charges can seriously stack up, especially if I opt to pay with my card. For that reason, I still turn to trusty Wise whenever I need to send money to and from Australia and my adopted home in the US. I like Wise’s interface better, too.
There are multiple ways to get help if you have questions or need help with your account or transactions. Visit the Contact section of PayPal’s website, or login to your account and click Help at the top of the page to access your options.
PayPal has more to offer than just money transfer services. Check out these other features and services for managing personal and business funds.
Here’s what we found when we sent live transfers to Mexico and France through the digital wallet PayPal.
PayPal is great for fee-free direct domestic transfers to other PayPal accounts. But international transfers come with a complicated fee structure that drives the cost up the more your send. You can probably cut the cost of sending money overseas with other online money transfer services.
That being said, PayPal’s extensive range of products and services to help individuals and business owners manage their money is impressive.
PayPal transfers between PayPal accounts are instant, but transferring to your bank account can take up to one business day. Sending money internationally through PayPal can take three to five business days.
PayPal money transfers must be at least $1 and are capped at $10,000.
Sending money to places outside the United States will incur a fee that varies based on how much you send, the destination country and your payment method.
To send a PayPal international money transfer, you need your recipient’s email address or mobile number and details about the amount and currency you wish to send.
PayPal uses industry-standard data encryption methods to protect your personal and financial information from being stolen. Humans and digital technology monitor the platform 24/7 to detect and prevent fraud. Buyers and sellers who use PayPal as a payment method can use the dispute resolution center to handle disagreements.
Founded in 2001, Xoom is a money transfer service provider acquired by PayPal in 2015. Xoom supports money transfers to over 160 countries around the world. Customers can send funds directly to bank accounts, for cash pickup or for delivery to recipients’ doors — where this service is offered. Find out more about Xoom in our review.
48 Comments
July 28, 2019
Hello,
I am Kester. I have a dollar denominated account with a bank in Nigeria which means it doesn’t accept Naira currency(the Nigerian currency). How can I use PayPal to transfer dollars directly into this account?
July 29, 2019
Hi Ehikes,
Thanks for contacting Finder.
At this time you can’t send money using PayPal to Nigeria. If you are looking to send money to Nigeria, you can compare international money transfer companies that support outgoing transfers to Nigeria, from the US to find one that might work for you.
Once you have chosen a particular provider, you can use the “Go to site” button to access the provider’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.
I hope this helps.
Kind Regards,
Faye
April 29, 2019
I’m from India. Could I send some money to my friend who is in China and not blood related to me? Is it possible according to the rules?
April 30, 2019
Hi Sujata,
Thank you for contacting Finder.
With PayPal, you can send money to overseas even if you are not blood related. Sending money from India to China is possible.
Hope this helps.
Kind Regards,
Mai
April 9, 2019
Hello my name is Lois ,can I send money to my brother in Nigerian and how can he withdraw the money cash when I send it to him if possible .please I need a good guide line on this
April 10, 2019
Hi Lois,
Thank you for reaching out to Finder.
Our page on sending money to Nigeria offers tips and guidance on how you could accomplish this task. Kindly review and compare your options on the table displaying the available providers. Once you have chosen a particular provider, you may then click on the “Go to site” button and you will be redirected to the provider’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. Hope this helps!
Cheers,
Reggie
February 9, 2019
It stated that Nigerian Paypal accounts cannot receive fund. What about refunds, from an online store for example and payment has been made via PayPal?
February 18, 2019
Hi King,
Thanks for getting in touch with Finder. I hope all is well with you. :)
Generally speaking, you can’t receive money to your PayPal account if it is opened in Nigeria. However, when it comes to refunds from online merchants, I have read people saying that it is possible. They also mentioned that it takes about 2-3 days for the refund to get through. Moreover, the refund would go directly to your linked bank account and not in your PayPal account.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
January 3, 2019
It is possible for me to receive money from US PayPal account to my Nigeria PayPal account..
January 3, 2019
Hi Lucky,
Thanks for getting in touch with finder. At this time Nigerian PayPal accounts cannot receive funds. However, you can send money through PayPal.
I hope this helps. Please do not hesitate to reach out to us again if you have additional questions.
Have a wonderful day!
Regards,
Ellie