WorldRemit vs PayPal: Which has better fees and rates? |

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WorldRemit vs. PayPal

We put these well-known services head to head to find out which one offers the best value on international money transfers.


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WorldRemit and PayPal both offer a convenient online transfer service and let you send money to friends and family all around the world. But which one is the better choice for your next international transfer?

To find out, let’s compare WorldRemit and PayPal side by side to find out which offers the best exchange rates, lowest fees and fastest transactions.

The fees and rates used in this comparison are accurate as of February 11, 2019.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$1 Within an hour USD 3.99 0.837 EUR 834 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Go to site Show details
$1 3 - 5 days USD 29.00 0.819 EUR 795 Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
PayPal transfers may incur an additional fee depending on the currency sent. See the full PayPal fee schedule by currency.

Which has lower fees?


WorldRemit charges a transaction fee on all transfers, but the fee amount depends on multiple factors:

  • How much money you send.
  • Where you send it.
  • The type of transfer you send.

Bank transfers attract the lowest fees, often around $3.99 per transaction, but we recommend that you use WorldRemit’s online calculator to work out exactly how much your transfer will cost.


PayPal’s fees vary depending on the amount you send and whether your payment is funded from your PayPal balance, bank account or your credit/debit card.

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Winner: WorldRemit

If you’re sending a transfer of less than $100, PayPal is definitely worth considering.

However, PayPal’s fee structure is quite complicated and confusing and WorldRemit will often work out cheaper when transferring a larger amount.

Which offers better exchange rates?


WorldRemit adds a margin on top of the mid-market exchange rate you see listed on Google and currency conversion websites like XE. Along with fees, this is the other way most money transfer services make a profit. WorldRemit’s margin varies from one currency to the next but often sits somewhere between 0.7% and 2%. For example, if you wanted to send a transfer to France:

  • If the mid-market rate is 1 USD = 0.8797 EUR
  • WorldRemit’s rate might be 1 USD = 0.8710 EUR


While PayPal typically offers better exchange rates than the banks, those rates are below what you can get from WorldRemit and other online transfer services. The margin varies depending on the currency you’re sending to, but we found that it was generally around 4%. For example:

  • If the mid-market rate is 1 USD = 0.8797 EUR
  • PayPal’s rate might be 1 USD = 0.8560 EUR

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Winner: WorldRemit

WorldRemit generally offers higher exchange rates than PayPal, which means that more of the money you send makes it to your recipient.

Let’s crunch the numbers: Sending $100 and $2,000 to the UK

To give you a better idea of how WorldRemit and PayPal compare, let’s look at the example of sending two transfer amounts from your bank account to a recipient in the UK. With WorldRemit the funds will be deposited into your recipient’s bank account, while PayPal will send the money to your recipient’s PayPal account.

Sending $100 to the UK

Transfer fee$2.99$2.99
Transaction cost$102.99$102.99
Exchange rate1 USD = 0.7470 GBP1 USD = 0.7340 GBP
Transfer speed1 dayFunds available immediately
Total received £74.70£73.40

As you can see, WorldRemit offers slightly better value for money in this example. While you’ll pay the same amount to send the transfer, the higher exchange rate means your recipient will get £1.30 more than with PayPal.

Sending $2,000 to the UK

Transfer fee$2.99$2.99
Transaction cost$2,002.99$2,002.99
Exchange rate1 USD = 0.7470 GBP1 USD = 0.7340 GBP
Transfer speed1 dayFunds available immediately
Total received £747.00£734.00

WorldRemit comes out ahead in this example as well, resulting in an extra £13 in your recipient’s account.

Which is faster?


Transfer times with WorldRemit vary depending on where you’re sending money and the type of transfer you choose.

  • Bank transfer: Instant transfers to selected banks, but 1-3 working days when sending to other bank accounts.
  • Cash pickup: Available to collect instantly.
  • Mobile money: Instant or near-instant.
  • Airtime top-up: Instant or near-instant.
  • Home delivery: 24 hours – 7 days.


The money you send to your recipient’s PayPal account is available almost immediately. However, if your recipient wants to withdraw the funds to their bank account rather than spend it straight from their PayPal account, this can take one or more business days.

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Winner: WorldRemit

While PayPal transfers are fast and convenient, the fact that WorldRemit has multiple instant or near-instant transfer options means it wins this category.

General features

Payment methodsMinimum and maximum transfersDelivery methodsTransfer speedsCountries and currencies
WorldRemitBank transfer, credit card, debit card, Android Pay, Apple PayMinimum: $1

Maximum: $9,000

Bank transfer, mobile wallet, cash pickup, airtime top-up, door-to-door deliveryWithin an hour145+ countries
PayPalBank transfer, credit or debit card, PayPal CreditMinimum: $1

Maximum: $10,000

PayPal account transfer3 - 5 days190+ countries


Before you can send money overseas with WorldRemit, you’ll need to sign up for a free account online. To initiate a transfer, enter the currency and amount you want to send along with the details of your recipient. You can pay for your transfer using your bank account, credit/debit card, Android Pay or Apple Pay, and WorldRemit offers several different transfer types. However, it’s worth noting that not all transfer options are available in all countries.


If you want to use PayPal to send money overseas, both you and your recipient will need PayPal accounts. Once you’ve signed up for an account and linked your bank account or credit/debit card, you can initiate a transfer request by entering the email address or phone number of your recipient. You can then specify the currency and amount you wish to send, provide a purpose for the transfer and then review the exchange rate and fee before submitting your transfer.

Bottom line

While PayPal is a competitive and convenient option for small transfer amounts, WorldRemit’s simpler fee structure and higher exchange rates see it take victory.

However, before deciding how to send your next overseas transfer, make sure you compare a range of international money transfer services to find the best deal.

Looking for more options?

Use the comparison calculator below to compare the fees, exchange rates and transfer times of a range of money transfer services.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 Same day USD 0.00 0.835 EUR 835 XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$10 Within an hour USD 1.99 0.825 EUR 823 Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
$1 1 - 2 days USD 8.00 0.842 EUR
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
$1 Within an hour USD 3.99 0.837 EUR 834 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Go to site Show details

Compare up to 4 providers

The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by

Exchange rates are volatile and change often. As a result, the exchange rate listed on may vary from the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention before you commit to a brand.

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