This rate varies by country and currency but generally includes a percentage of the transaction amount plus a fixed fee. If you are the sender, sending money to a business—such as for a purchase or donation—usually incurs a fee if funded by a credit card, reflecting the higher risk and processing costs associated with commercial transactions.
Understanding PayPal Credit Card Fees for Sending Money
If you fund the transfer using your linked bank account or your PayPal balance, there is no charge. Traditional bank wires are expensive but secure, while specialized fintech apps like Wise or Revolut often offer lower fees and better exchange rates for international transfers.
Understanding the specific fees involved is essential, as the cost is rarely a flat rate and depends heavily on your location, funding source, and the reason for the transaction. How PayPal Structures Its Fees The primary factor determining how much you pay is the direction of the money and the account types involved.
Understanding PayPal Credit Card Transaction Fees
Domestic Personal Payments For everyday interactions—splitting a dinner bill or repaying a friend—using PayPal to send money to another personal account within the same country is typically free. The conversion fee is typically calculated as a markup on the mid-market exchange rate provided by services like XE or OANDA.
More About How much does it cost to send money with paypal
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