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 realise, however, is that PayPal also offers you a fast and easy alternative when you need to transfer money overseas.


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:

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 Centre 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

Table: sorted by a combination of service offering and the amount your recipient will receive

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 2,000 1 day GBP 0.00 1.113 EUR
TorFX guarantee to beat any competitor's exchange rate for a transaction (conditions apply)
(Conditions apply)
Go to site Show details
GBP 5,000 Same day GBP 0.00 1.113 EUR
Universal Partners FX offers competitive exchange rates and same-day transfers for 100+ currencies. Go to site Show details
GBP 2,500 Same day GBP 0.00 1.113 EUR
Central FX’s dedicated private client team will guide you through the money transfer process from first call to final payment. Go to site Show details
GBP 1 1 - 2 days GBP 0.00 1.113 EUR
Whatever amount you transfer, XE will not charge you a fee for using their service. Go to site Show details
GBP 3,000 1 day GBP 0.00 1.113 EUR
Get no fees as a Finder customer when you transfer your money overseas with Global Reach. Go to site Show details
GBP 5,000 1 day GBP 0.00 1.113 EUR
Take advantage of fee lock-ins and live bookable rates, helping you save up to 85% in hidden bank fees. Go to site Show details
GBP 1,000 Same day GBP 0.00 1.113 EUR
Clear Capital specialises in sending 150+ currencies abroad for individuals and businesses, with a dedicated account manager to help you. Go to site Show details
GBP 2,000 1 day GBP 0.00 1.113 EUR
Make transferring money abroad as simple and safe as possible with bank-beating exchange rates - online, via the app or over the phone. Go to site Show details
GBP 2,500 1 day GBP 0.00 1.113 EUR
With 17 years of foreign exchange expertise, OFX know the money transfers business very well, offering facilities for one-off and recurring transfers. Go to site Show details
GBP 1,000 1 - 2 days GBP 0.00 1.113 EUR
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
GBP 1 1 - 2 days GBP 1.99 1.103 EUR
Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
Go to site Show details
GBP 5 2 days EUR 3.00 1.112 EUR
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
GBP 10 Within an hour GBP 2.00 1.111 EUR
First two transfers free for new customers.
Instant or 1 hour transfers to over 50 countries, send money directly to bank accounts or over 280,000 cash pickup points.
Go to site Show details
GBP 50 Same day GBP 2.99 1.106 EUR
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
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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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