PayPal fees for sending money overseas explained

Sending money abroad with PayPal can be expensive - discover how much it could cost you.

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There are many variables when it comes to using PayPal to send money overseas. Where your recipient is located and the currency you are converting to can all change the cost of your transfer. Take a look at our guide to PayPal fees to help you make sense of it all.

What are PayPay’s fees to send and receive money within the UK?

If you are sending money to friends and family in the UK in pounds sterling, then there are no fees to send or receive money.

It’s also free for you if you’re sending money to buy goods and services. For example, if you buy something from eBay – the seller will pay the PayPal fees.

What are PayPal’s fees to send money overseas from the UK?

Things become a little more complicated – and expensive – if you plan to use PayPal to send money to friends and family abroad.

There are two separate costs you need to take into account:

  1. International personal transactions fees. Basically the PayPal fees for sending money overseas.
  2. Foreign currency conversion fees. These are the fees for converting the currency and if there is any currency exchange involved.

International personal transaction fees

These are always paid by the sender and depend on the country you’re sending money to from the UK and how much you’re sending.

Here’s how they work:

RateMinimum feeMaximum fee
5.00% of the transaction amount£0.99£2.99

Foreign currency conversion fees

The foreign currency conversion fee can either be paid by the sender or the receiver, depending on which currency the sender uses.

For example, if your money is in pound sterling but you are sending it to a recipient in New Zealand, you can:

  • Send it in the receiver’s currency. You’ll pay both the international personal transaction fee and currency conversion fee in the recipient’s currency (in this case NZD).
  • Send it in your currency. You’ll send the money in pound sterling and it will be converted into NZD, with a fixed 2.5% currency conversion fee.

Here’s how PayPal fees work for all other transactions involving currency conversion:

CurrencyFee
Australian dollar (AUD)4%
Brazilian real (BRL)4%
Canadian dollar (CAD)3.75%
Czech koruna (CZK)3.75%
Danish krone (DKK)3.75%
Euro (EUR)3.75%
Hong Kong dollar (HKD)4%
Hungarian forint (HUF)3.75%
Israeli New shekel (ILS)4%
Japanese yen (JPY)4%
Malaysian ringgit (MYR)4%
Mexican peso (MXN)4%
CurrencyFee
New Taiwan dollar (TWD)4%
New Zealand dollar (NZD)4%
Norwegian krone (NOK)3.75%
Philippine peso (PHP)4%
Polish zloty (PLN)3.75%
Russian ruble (RUB)3.75%
Singapore dollar (SGD)4%
Swedish krona (SEK)3.75%
Swiss franc (CHE)3.75%
Thai baht (THB)4%
UK pound sterling (GBP)3.75%
US dollar (USD)3.75%

It is worth seeing how PayPal’s fees stack up against other money transfer providers. You can use our comparison table to compare them with other services you can use to send money abroad.

What fees does PayPal charge for commercial cross-border payments?

Things work slightly differently if you are sending or receiving money for commercial purposes.

If you’re receiving money from buyers outside the UK, you’ll be required to add a cross-border commercial payment fee. This comes in two parts:

  1. A percentage based cross-border fee.
  2. A fixed fee element based on the currency received.

Cross-border fee

Sender’s countryCross-border fee
Northern Europe*0.5%
Europe I **0.5%
US/Canada2%
Europe II***2%
Rest of the world2%

* Northern Europe: Denmark, Faroe Islands, Finland (including Aland Islands), Greenland, Iceland, Norway, Sweden.

** Europe I: Austria, Belgium, Cyprus, Estonia, France (including French Guiana, Guadeloupe, Martinique, Reunion and Mayotte), Germany, Gibraltar, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, San Marino, Slovakia, Slovenia, Spain, United Kingdom (including Channel Islands and Isle of Man), Vatican City State.

*** Europe II: Albania, Andorra, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Latvia, Liechtenstein, Lithuania, Poland, Romania, Russia, Serbia, Switzerland, Turkey, Ukraine.

Fixed fee based on currency received

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.

Moreover, a 2.5% currency exchange fee for converting money back to pounds will apply.

CurrencyFee
Australian dollar0.30 AUD
Brazilian real0.06 BRL
Canadian dollar0.30 CAD
Czech koruna10 CZK
Danish krone2.60 DKK
Euro0.35 EUR
Hong Kong dollar2.35 HKD
Hungarian forint90 HUF
Israeli shekel1.20 ILS
Japanese yen40 JPY
Malaysian ringgit2 MYR
Mexican peso4 MXN
CurrencyFee
New Zealand dollar0.45 NZD
Norwegian krone2.80 NOK
Philippine peso15 PHP
Polish zloty1.35 PLN
Russian ruble10 RUB
Singapore dollar0.50 SGD
Swedish krona3.25 SEK
Swiss franc0.55 CHF
Taiwan new dollar10 TWD
Thai baht11 THB
UK pound sterling0.30 GBP
US dollar0.30 USD

How to check PayPal’s international money transfer exchange rates

Like other international money transfer services, PayPal applies a margin to the mid-market exchange rate. To check what PayPal’s exchange rates are for your chosen currency, you just need to complete the following steps:

  1. Log in to your PayPal account.
  2. Click Wallet, which should be near the top of your screen.
  3. Click Currencies Calculator, which is under your PayPal balance.
  4. Select the currencies you want to convert to see rates.

Compare money transfer services

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.
1 - 18 of 18
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
TorFX
24 hours
£0

View details
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Wise (TransferWise)
4 hours
From £3.75

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Central FX
24 hours
£0

View details
Central FX's dedicated team will guide you or your business from first call to final payment.
Currencies Direct
24 hours
£0

View details
CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates.
CurrencyTransfer
24 hours
£0

View details
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
Xe
Within minutes
£2
SPECIAL OFFER ✓ £25 Amazon voucher when you refer a friend

View details
Xe has fast transfers with low fees and a range of foreign currency tools.
PassTo
Within minutes
From £0.99

View details
Get the first 2 transfers for free and also £5 when you refer a friend. T&Cs apply.
PassTo specialises in remittances to bank accounts and cash pickup locations in 45+ countries.
Remitly
Within minutes
From £1.49
SPECIAL OFFER ✓ Get £10 off with code FINDER

View details
Get £10 off with code “FINDER” when you send £100 or more. New customers only. Offer expires 14/07/22.
Remitly has quick, affordable transfers around the world, with both express and economy options.
CurrencyFair
24 hours
£2.50

View details
Special offer: New customers get unlimited fee-free transfers for their first 3 months. T&Cs apply.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Revolut
Within minutes
From £0
SPECIAL OFFER ✓ Sign up and get a free £10 top-up plus 1 month of Revolut Premium

View details
New customers get a £10 top-up when they sign up with Finder plus a premium month for free. T&Cs apply.
Revolut is a digital bank that sends money fast to 30+ currencies, often with no fee added to the exchange rate.
WorldRemit
Within minutes
From £1.99
SPECIAL OFFER ✓ Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.

View details
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
VertoFX Business
24 hours
£0

View details
Special offer: New customers get $100 trade credit after their first transaction. T&Cs apply.
VertoFX sends money via bank transfer at competitive rates and fees in 35+ currencies.
TorFX Business
24 hours
£0

View details
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Currencies Direct Business
24 hours
£0
SPECIAL OFFER ✓ https://www.currenciesdirect.com/en/info/refer-a-friend

View details
CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates.
Airwallex
Within minutes
£0

View details
Make business transfers to 130+ countries in 30+ currencies without international fees.
CurrencyFair Business
24 hours
£2.50

View details
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
WorldFirst Business
24 hours
£0

View details
WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.
Wise (TransferWise) Business
2 days
From £3.75

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
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Compare up to 4 providers

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4 Responses

  1. Default Gravatar
    NaomiMarch 7, 2019

    Hello,

    I would like to send 135 dollars to the USA and my account is in pounds. How much in pounds will that come to with all the charges?

    • Avatarfinder Customer Care
      JeniMarch 8, 2019Staff

      Hi Naomi,

      Thank you for getting in touch with Finder.

      If you consider using Paypal to send USD, you may do so even if you’re having GBP in your account. The currency conversion fee from GBP to USD is 3.5% of the transaction value. In addition, you may convert currencies in your Paypal account. To convert your PayPal balance to a different currency – from GBP to USD. Simply log in on your Paypal account then click PayPal balance at the left side of the page then click on Manage currencies. Kindly enter the amount you want to convert under the Currency Exchange column then choose the new currency. If you need further assistance on your Paypal account, please click the Help tab at the top of Paypal page.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  2. Default Gravatar
    DawnFebruary 4, 2019

    If I pay for goods not via friends and family how much will I get charged and how much will the person I am buying off get charged. The amount I want to send is £140. Thank you.

    • Avatarfinder Customer Care
      ValFebruary 15, 2019Staff

      Hi Dawn,

      Thank you for leaving a question. For PayPal fees. If you are the buyer, you will not be charged for anything. Otherwise, if you are the seller of an item and receiving payment, this will depend on the currency involved. PayPal gets a fee for the transactions as payment for the services provided. Usually it is 1.9% to 3.4% of the amount paid, if it is cross border then there is an additional fee as well.

      Hope this helps.

      Cheers,
      Val

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