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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.
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.
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:
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:
|Rate||Minimum fee||Maximum fee|
|5.00% of the transaction amount||£0.99||£2.99|
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:
Here’s how PayPal fees work for all other transactions involving currency conversion:
|Australian dollar (AUD)||4%|
|Brazilian real (BRL)||4%|
|Canadian dollar (CAD)||3.75%|
|Czech koruna (CZK)||3.75%|
|Danish krone (DKK)||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%|
|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.
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:
|Sender’s country||Cross-border fee|
|Europe I **||0.5%|
|Rest of the world||2%|
* 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.
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.
|Australian dollar||0.30 AUD|
|Brazilian real||0.06 BRL|
|Canadian dollar||0.30 CAD|
|Czech koruna||10 CZK|
|Danish krone||2.60 DKK|
|Hong Kong dollar||2.35 HKD|
|Hungarian forint||90 HUF|
|Israeli shekel||1.20 ILS|
|Japanese yen||40 JPY|
|Malaysian ringgit||2 MYR|
|Mexican peso||4 MXN|
|New Zealand dollar||0.45 NZD|
|Norwegian krone||2.80 NOK|
|Philippine peso||15 PHP|
|Polish zloty||1.35 PLN|
|Russian ruble||10 RUB|
|Singapore dollar||0.50 SGD|
|Swedish krona||3.25 SEK|
|Swiss franc||0.55 CHF|
|Taiwan new dollar||10 TWD|
|Thai baht||11 THB|
|UK pound sterling||0.30 GBP|
|US dollar||0.30 USD|
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:
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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