PayPal international money transfers review

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Take advantage of quick and easy international money transfers when you send funds overseas using PayPal

If you’ve ever indulged in online shopping, you most likely have come across PayPal, which offers fast and secure payment services for online purchases. What you might not realize, however, is that PayPal also offers you a fast and easy alternative when you need to transfer money overseas.

With low fees on small transfer amounts and fast transfer processing times, PayPal makes it possible to send over 20 currencies across more than 200 countries, allowing you to send money to a long list of destinations around the world.


Min. Transfer Amount

GBP 1,000,000

Max. Transfer Amount

Same day

Transfer Speed


Product NamePaypal International Money Transfers
Min. Transfer AmountGBP 1
Max. Transfer AmountGBP 1,000,000
Transfer MethodsOnline, Phone, Agent, Cash Transfer
Transfer Speed
Minimum transfer time
Same day
Customer ServicePhone, Email, Branch
Exchange Rate UpdatesReal time

PayPal 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. 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, click Profile and then click My Money. Next, click Currencies, enter the relevant information under the Currency Exchange, and click Calculate. You’ll see the resulting exchange rate before initiating your money transfer.

How much does it cost to transfer money with PayPal?

PayPal allows you to send money inside the UK for free. But when you send money outside the UK, you’ll pay a fee equivalent to 0.3% to 2.0% of your transaction if it is funded by your bank account or PayPal balance. If you pay via credit or debit card, the fee is 3.4% of the transaction amount, plus 20p.

If currency conversion is involved, you will have to pay a fee for that, depending on which country you are sending money to.
Shopping for an alternative? Compare these services to PayPal for sending money to someone.

Minimum transfer amount and available currencies

Verified account holders can send from £0.01 to up to £10,000 in a single transaction.

PayPal is available in 203 countries, a full list of which is available on the PayPal website, although the following countries: India, 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:

Bitcoin vs. PayPal

What types of transfers can you carry out 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.

The registration and transfer process

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.

Pros and cons of using PayPal

  • Good for small transfers. PayPal’s fees are a percentage of your transaction amount, making it a cost-effective solution when you need to transfer smaller amounts.
  • Worldwide network. PayPal is available in more than 200 countries around the world, allowing you access to a wealth of possible transfer destinations.
  • Secure. PayPal is a trusted provider of digital payments and has a range of procedures and technological safeguards in place to prevent fraud.
  • Not ideal for larger transfers. With fees that are based on a percentage of your transfer amount, PayPal may not be your best option when transferring large amounts.
  • Users rate PayPal one star on Trustpilot. Out of nearly 3,000 reviews.

See how other services compare to PayPal

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 1 - 2 days GBP 0.00 23.873 MXN 119,367 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 1 1 - 2 days GBP 0.00 24.067 MXN
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 GBP 0.00 23.97 MXN 119,850 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 GBP 0.00 23.825 MXN 119,126 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
GBP 1,000 1 - 2 days GBP 0.00 23.825 MXN 119,126 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 GBP 0.00 23.656 MXN 118,280 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 GBP 0.00 23.656 MXN 118,280 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

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Other services offered by PayPal include:

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.

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.

Frequently asked questions about PayPal

If you’re looking for an easy solution to your international money transfer needs, compare PayPal’s features, benefits and fees with those of other money transfer providers to find the safest and most cost-effective transfer method available.

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