![]() If you’re using a bank account or PayPal to fund the transfer and the recipient wants the funds deposited directly into their bank account, the fee is $2.99. When sending money with Xoom, the fee you’ll pay varies based on how you choose to fund your transfer and how the recipient wants to receive the funds. The convenience and versatility of Xoom make it a popular choice for international money transfers. With Xoom, you can directly transfer funds to a recipient’s bank account, mobile wallet, or debit card. Xoom is a service offered by PayPal that enables users to send money globally. Can you get a better rate through PayPal’s Xoom? See our article Cash Apps That Don’t Charge A Fee. You’re excluded from PayPal’s Buyer & Seller Protection program which makes it difficult to receive refunds if there are any issues with the product or service you’ve purchased. However, we wouldn’t recommend this method as it carries a risk. When transfers are labeled in this manner, they are typically free from fees, with the exception of currency conversion fees if the payment is received from another country. If you choose to send money within the US using your PayPal balance, PayPal Cash, or a linked bank account, the fee will be waived.Īn alternative option for avoiding fees when receiving money for commercial services is to ask clients to label their PayPal transfers as “personal”, as reported by customers. Does PayPal always charge a fee to send money? Unlike the fixed percentage fee for transferring to another PayPal account, Xoom adds a markup to the current market rate. The transfer can either be funded from a PayPal account or a linked bank account. If you need to transfer money directly to a recipient’s bank account, you’ll have to use Xoom, a service owned by PayPal that integrates with PayPal. Additionally, PayPal charges a 4.5% fee for its currency conversion service, so it’s crucial to consider this cost when converting currencies. PayPal’s fee for converting to US or Canadian dollars is 3.5%, while for other currencies, it is 4%. When senders need to convert their currency before sending, PayPal applies a 4% currency conversion fee (the fee can be different depending on the currency and the location). On the other hand, if the transfer is funded through a credit card, debit card, or PayPal credit, an additional fee of 2.9% plus a currency-specific fixed fee is added to the transaction. However, this only applies if the transfer is funded through a PayPal balance. PayPal provides two distinct options for transferring money internationally, each with its own fees.įor sending funds directly to another PayPal account, PayPal imposes a charge of 5% on the transaction, with a minimum fee of $0.99 and a maximum fee of $4.99. What are PayPal international fees in 2023? We dove into all of the PDFs, comparison tables, and support articles we could find and compiled answers to these and other international fee-related questions below. And going through TOCs and Policy Updates is not on anyone’s to-do list □Īre you wondering how PayPal international fees are calculated? Do you want to know how to minimize these fees or whether there are alternatives to using PayPal for international transactions? However, with international transactions come additional fees and charges that can quickly add up if not careful. Many rely on PayPal to send and receive money from across the world.
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