PayPal will send you a receipt via email showing that payment has been processed. Log into your PayPal account and click on “Pay or send money.”Ĭhoose whether you're paying for products or services or sending money to family and friends.Įnter the recipient's details: their email address, mobile number, or name.Ĭonfirm the amount and currency then click “Continue.”Ĭhoose how you wish to pay-through your PayPal balance, a credit or debit card, or a linked bank account.Ĭonfirm the payment by clicking the button. You can also make a payment if you have the recipient’s email address or telephone number. If you have received a money request or an invoice, you can easily pay it using PayPal. How to pay someone on PayPal using your account If you want to save some money, use other money transfer services, like Xe. The fees will be deducted from the transfer amount as the transaction is being processed.Īs you can see, it can be expensive to make payments internationally with PayPal, whether or not you have an account. So, if you're sending $10,000 USD, you’ll pay between $340 USD and $390 USD.Īdditionally, if you need to convert the money to a different currency before sending it, PayPal will charge a currency conversion fee of 2.5% to 4%. You’ll have to shell out between 3.4% and 3.9% of the total transaction in fees. If you send money via debit or credit card, PayPal will charge a lot more. It all depends on where the money is headed. So, if you're sending $10,000 USD using your PayPal balance or a linked bank account, the fees may range between $30 USD (minimum) and $200 USD (maximum). When sending money via PayPal, you pay 0.3%-2% of the transaction amount in fees. However, making payments with PayPal isn’t free and there are usually fees attached. You can also use PayPal to reload a cell phone for someone abroad. The money transfer service is available in more than 200 countries in 25 currencies. You can use PayPal to send money to people in different countries. Unlike traditional banks, PayPal offers a fast and easy solution for people to make international payments. One of the most crucial developments of our time has been the creation and adoption of money transfer services, one of the most widely-used being PayPal. Technological advancements have made it easier for people and businesses to connect with international clients and partners. Also, the transfer itself will usually take 1 day longer than using a bank.In this age of unequalled globalization, the world is more interconnected than ever. This can take between 10 minutes and 2 days depending on how much information they need from you. The downside to using a transfer company outside of a bank is that you’ll have to set up an account with them first. This is because they offer better exchange rates and lower (and sometimes no) fees. Money Transfer Companies like OFX are often the cheapest option when you are sending between $1000 and $1,000,000 at a time. It is particularly handy when the person you are paying has a Paypal account. The exchange rate you’ll get are comparable to a bank but the fees are significantly lower. This is a great option for anyone sending smaller amounts under $1000. Using a bank is also the quickest way to transfer money internationally. What other options are there to transfer money internationally?īanks in New Zealand have higher fees and uncompetitive exchange rates but this doesn’t mean you should never use them. 6.99 NZD + 3.4% + Fixed Fee (cross-border transaction fee) for debit or credit card.6.99 NZD (cross-border transaction fee) for direct debit from a PayPal account or a bank account linked to Paypal.Here are the fees typically charged by PayPal for international transfers. Frequently Asked Questions How are PayPal fees calculated?
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