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With PayPal, you can manage transactions, accept payments and run an international marketplace through a convenient dashboard. But its currency conversion fees aren’t often the strongest in the market.
3 days
Fastest Transfer Speed
$1
Minimum Transfer Amount
$10,000
Maximum Transfer Amount
PayPal boasts helping more than 17 million businesses through a suite of international payment solutions for 200 markets worldwide.
Choose from two main business accounts to get started:
Each account offers access to a suite of e-commerce tools and products, like:
Yes. You can send money to multiple recipients at one time through PayPal Payouts. Each of your recipients must own a PayPal account, and transfers are nearly immediate.
PayPal also supports batched payments through its Mass Pay API, which allows you to instantly send money to multiple payees at the same time. Upload a CSV file of your recipients’ PayPal account emails, the amount you want to pay and their currency code, adding a custom message for each person, if you’d like.
PayPal’s exchange rates are calculated by a third-party financial institution and updated multiple times a day to reflect the fluctuating market. Depending on the transaction, PayPal may add a margin of up to 4% to the mid-market rate. For one-off payments, you might find business transfer services with more favorable exchange rates.
If you’re a merchant or a business receiving money from buyers outside of the US, you’ll be required to add a fee for international commercial transactions. This is on top of the standard rates for receiving domestic transactions, which range from 1.90% to 3.49%.
The additional fee comes in two parts:
Payment type | Fee |
---|---|
All commercial transactions | 1.50% |
If you’re accepting payments in other currencies, the percentage will be the same as stated in the table above, but the fixed fee will vary according to the currency you’re receiving.
Currency | Fee |
---|---|
Australian dollar (AUD) | 0.59 AUD |
Brazilian real (BRL) | 2.90 BRL |
Canadian dollar (CAD) | 0.59 CAD |
Czech koruna (CZK) | 9.00 CZK |
Danish krone (DKK) | 2.90 DKK |
Euro (EUR) | 0.39 EUR |
Hong Kong dollar (HKD) | 3.79 HKD |
Hungarian forint (HUF) | 149.00 HUF |
Israeli New shekel (ILS) | 1.60 ILS |
Japanese yen (JPY) | 49.00 JPY |
Malaysian ringgit (MYR) | 2.00 MYR |
Mexican peso (MXN) | 9.00 MXN |
Currency | Fee |
---|---|
New Taiwan dollar (TWD) | 14.00 TWD |
New Zealand dollar (NZD) | 0.69 NZD |
Norwegian krone (NOK) | 3.90 NOK |
Philippine peso (PHP) | 25.00 PHP |
Polish zloty (PLN) | 1.89 PLN |
Russian ruble (RUB) | 39.00 RUB |
Singapore dollar (SGD) | 0.69 SGD |
Swedish krona (SEK) | 4.09 SEK |
Swiss franc (CHE) | 0.49 CHF |
Thai baht (THB) | 15.00 THB |
UK pound sterling (GBP) | 0.39 GBP |
US dollar (USD) | 0.49 USD |
PayPal is a globally trusted way to transfer cash around the globe. But before committing long term, weigh its potential drawbacks against strengths.
To make an international business payment, start by signing up for a PayPal Business Account.
After PayPal validates your account, you’ll link a bank account by inputting a checking and routing number. You’ll also have the option to add a credit or debit card.
To make a payment, simply enter the email address or phone number associated with your recipient’s PayPal account and the amount you want to send. Your recipient will receive an email or text letting them know the money is ready.
Log in and scan your business dashboard to manage your account. You can track transfers, create and send invoices and pay bills from one convenient spot. You can also access your account from your smartphone or smart device through PayPal’s app.
Get in touch with PayPal’s support system by:
PayPal gives small businesses the tools they need to manage payments, whether account-to-account or through point-of-sale services. But if you’re interested in the occasional one-off business transfer only, you might find stronger rates and lower fees with another business money transfer service, especially on large transactions.