PayPal for ecommerce sites review

A simple and convenient way for your ecommerce business to receive payments in 24 currencies.

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  • Good for a wide range of currencies and ease of use.
  • Beware relatively steep currency conversion fees and a confusing fee structure.

How does PayPal work for ecommerce businesses?

PayPal is best known as a global online payments system. While you can integrate PayPal with your website to accept payment from customers, you can also use the platform to get your funds back to the UK when you’re selling overseas.

When you open a PayPal business account, it essentially functions as a multi-currency account. This means you can receive payment in more than 200 countries and 24 currencies, and give customers the peace of mind and security of paying in their local currency. You can then convert foreign currency back into pound sterling in your PayPal account whenever you want, before withdrawing those funds to your linked business bank account.

PayPal accepts the following currencies:

  • AUD Australian dollar
  • BRL Brazilian real
  • CAD Canadian dollar
  • CZK Czech Koruna
  • DKK Danish krone
  • EUR euro
  • GBP UK pounds sterling
  • HKD Hong Kong dollar
  • HUF Hungarian forint
  • ILS Israeli shekel
  • JPY Japanese yen
  • MYR Malaysian ringgit
  • MXN Mexican peso
  • NZD New Zealand dollar
  • NOK Norwegian krone
  • PHP Philippine peso
  • PLN Polish zloty
  • RUB Russian ruble
  • SGD Singapore dollar
  • SEK Swedish krona
  • CHF Swiss franc
  • TWD Taiwan new dollar
  • THB Thai baht
  • USD US dollar

You can manage your PayPal business account online or via the PayPal Business app.

What are PayPal’s fees?

PayPal’s fee structure is quite complicated and difficult to understand. While there are no set-up fees or account fees, PayPal does charge a currency conversion fee when you receive payment in a foreign currency. When you want to withdraw funds into your linked bank account, PayPal converts those funds into Australian dollars at 2.5% above its base exchange rate.

It’s also worth pointing out that PayPal charges fees when you receive payment into your PayPal account for goods sold. This fee can be anywhere from 1.75% to 4.6% (plus a small fixed fee) depending on the payment method used.

Want to send money overseas with PayPal? Check out our review.

How do I set up a PayPal account for my ecommerce store?

You can open a PayPal business account by completing the following steps.

In a nutshell


  • Simple set-up process. It’s quick and easy to set up a PayPal account and start receiving payments.
  • Convenient and easy to use. PayPal is a popular online payment method that shoppers all over the world are familiar with. It also makes it simple and straightforward to repatriate overseas sales revenue to pound sterling.
  • Supports a wide range of currencies. A PayPal account lets you accept payments in 24 currencies and over 200 markets around the world, and then convert funds back into GBP whenever you need.


  • Currency conversion fees. PayPal’s currency conversion fee of 2.5% increases the cost of converting foreign currency back into GBP.
  • Confusing fee structure. PayPal’s fee structure is quite complicated and can take a little while to wrap your head around.

How does PayPal compare to other online seller services?

Table: sorted by promoted deals first
Our table below lets you compare services you can use to send money abroad. Compare fees, exchange rates and discounts from different money transfer services, and when you have made your choice, click Go to site.
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
CurrencyTransfer for online sellers
CurrencyTransfer for online sellers
24 hours

View details
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
Wise (TransferWise) for online sellers
2 days
From £3.75

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.

Compare up to 4 providers

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