![]() ![]() Using a bank is also the quickest way to transfer money internationally. What other options are there to transfer money internationally?īanks in Australia have higher fees and uncompetitive exchange rates but this doesn't mean you should never use them. ![]() It's worth doing some research and comparison to check you're getting a fair deal. Tip: Fees vary depending on where the payment is being sent from, the method of payment (bank account/PayPal balance, debit card or credit card) and the payment destination. The essential takeaways are that you and / or the person receiving the money can expect to pay anything between 0.5% and 7.5% in fees to transfer money internationally (before taking exchange rates into account).īecause PayPal tends to charge percentages, rather than fixed fees, the more money you transfer, the more you will end up paying in fees. With 23 major headings, over 20 tables and over 8,000 words, it's not for the faint-hearted. To say PayPal's Australian fee structure is complicated would be a big understatement. $10,000 payment/transfer with credit card or debit card = $5.99 + $260 + $0.30 or %C2%A30.20 + currency conversion.$10,000 payment/transfer with PayPal account or bank account = $5.99 + currency conversion.$1,000 payment/transfer with credit card or debit card = $5.99 + $26 + $0.30 or %C2%A30.20 + currency conversion.$1,000 payment/transfer with PayPal account or bank account = $5.99 + currency conversion.$100 payment/transfer with credit card or debit card = $5 + $2.60 + $0.30 or %C2%A30.20 + currency conversion.$100 payment/transfer with PayPal account or bank account = $5 + currency conversion.This funding fee has no cap so can get very expensive.Įxample: Sending money from Australia to the US, UK or Canada An funding fee of 2.6% of the funds transferred + fixed fee + currency conversion if you pay with credit or debit card.A transaction fee of 5% of funds transferred with a minimum of $0.99 and maximum of $5.99 for the transaction fee from a PayPal account or a bank account linked to PayPal.Here are the fees typically charged by PayPal for international transfers. You can find more information on the PayPal Fees page.Frequently Asked Questions How are PayPal fees calculated? Fees apply when you use the convert feature to buy other cryptocurrencies. We charge a transaction fee when you buy or sell most cryptocurrencies and network fees apply when you send cryptocurrency outside of PayPal.įor PayPal USD only, there are no fees to buy or sell. There are no PayPal fees for holding cryptocurrency in your account, transferring cryptocurrency to other PayPal cryptocurrency accounts, or for receiving cryptocurrency from outside of PayPal. If you don’t have a personal PayPal account, you can apply for one during your first purchase. ![]() Do I need to sign up for anything?įor personal PayPal accounts, all you need to do is confirm some account information during your first purchase. Once you agree to the crypto terms and conditions, we’ll make sure your account info is up to date, and then you’ll be able to buy and sell crypto. No, everything you need is built into your PayPal account. Currently not available for business accounts. Who can participate in Cryptocurrencies?Ĭustomers with personal PayPal accounts in the U.S. Be sure you’ve installed the PayPal app and have notifications turned on. We’ll send a push notification to your mobile device if the price goes up or down over 24 hours. Yes, you can set up price alerts by clicking on the Bell Icon within your profile to customize a price alert if the value changes by (5) %, (8) %, or (10) %. Territories (excluding Hawaii) can transact with the following Cryptocurrencies on PayPal: PayPal USD, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. You can find our Terms and Conditions and Acceptable Use Policy by clicking Legal at the bottom of any PayPal page What Cryptocurrencies does PayPal support?Ĭustomers in the U.S.
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