Is there a fee to transfer to another person on PayPal?

PayPal Transfer Fees: Understanding Fees for Personal Transfers

PayPal, a widely used online payment platform, enables users to send and receive funds conveniently. While most personal transfers within the platform are free, there are certain fees that may apply depending on the funding source.

Free Transfers:

• Transfers between PayPal accounts using your PayPal balance
• Transfers from a linked bank account for domestic personal transactions

Fees for Credit/Debit Card Transfers:

• A fee of 2.90% applies when using a credit or debit card to fund a transfer to another person.

Additional Fees:

In certain cases, additional fees may apply:

• Currency Conversion Fee: When transferring funds to a recipient in a different currency, PayPal may charge a currency conversion fee.
• International Transfer Fee: For international transfers to countries outside the sender’s PayPal account, an additional fee may apply.

Avoiding Transfer Fees:

To avoid the 2.90% fee for credit/debit card transfers, consider using your PayPal balance or linking a bank account for domestic personal transactions.

• Add funds to your PayPal balance: You can add funds to your PayPal balance via bank transfer or using a debit card for a small fee.
• Link a bank account: By linking your bank account to PayPal, you can use it as a funding source for free domestic personal transfers.

Conclusion:

Transferring funds to another person on PayPal is generally free when using your PayPal balance or a linked bank account for domestic personal transactions. However, a fee of 2.90% applies when using a credit or debit card. To avoid this fee, consider using alternative funding sources such as your PayPal balance or linked bank account.