How much does PayPal charge per international transaction?

PayPal’s International Transaction Fees: A Breakdown

PayPal’s international transaction fees are not a fixed amount but vary depending on the method used. Understanding these nuances is crucial for anyone sending or receiving money across borders.

Account-to-Account Transfers:

For transactions involving direct account-to-account transfers between users in different countries, PayPal applies a flat 5% charge. This fee is assessed on the total amount transferred. This method, while potentially faster, comes with the higher cost of the 5% commission. This should be taken into consideration when choosing a method for sending or receiving money overseas.

Using Credit/Debit Cards:

When using a credit or debit card to send or receive international money, the fees are structured differently. A 2.9% fee is applied, plus a fixed cost that is specific to the currency exchange rate. This means that while the percentage remains consistent, the total fee will change depending on the specific currency pair involved. This approach, though common, might be more expensive than the account-to-account method, depending on the currency exchange. It’s essential to factor in both the percentage and the fixed cost when calculating the total expense.

Crucial Considerations:

It’s important to note that these fees apply to cross-border transfers, not domestic transactions. Additionally, these fees are in addition to any fees charged by the user’s bank or credit card company for international transactions. Always carefully review PayPal’s current fee schedule and any associated terms and conditions before initiating an international money transfer. Comparing these fees to other international transfer services can help ensure that you are making the most cost-effective choice for your specific needs.