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PayPal international money transfers

Did you know that you can use PayPal to transfer money overseas quickly and easily? We show you how.

Last updated: 1 March 2019

PayPal is a well-known, digital payments company. Owned by eBay Inc., PayPal offers a fast and safe way to send money online.

Having been established in 1998, PayPal has been offering its services in Australia since 2005. The company processes some 9.3 million payments every day, and it has more than 150 million active account holders worldwide. Trading in 100 currencies and across more than 200 markets, PayPal also boasts in excess of five million active customer accounts in Australia.

Using a money transfer can be cheaper than using Paypal

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Min. Transfer Amount	Transfer Speed	Online Transfer Fee	Rate	Amount Received	Description	CTA	Details
AUD 1	2 days	AUD 9.00	0.665	USD 6,642	Transfer to over 99 countries via online banking, phone banking or through an ANZ bank branch.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 1.00 Transfer methods Online, Phone, Agent, Bank Account to Bank Account Transfer options One off payments Customer service Phone, Email, Branch Available currencies AED, AUD, BDT, CAD, CHF, CZK, DKK, EUR, FJD, GBP, HKD, HUF, ILS, INR, JPY, KES, KWD, MUR, MXN, NOK, NZD, OMR, PGK, PHP, PLN, SAR, SBD, SEK, SGD, THB, TOP, TRY, USD, VUV, WST, XPF, ZAR Go to site Read the full review
AUD 2,000	1 day	AUD 0.00	0.683	USD 6,835	TorFX guarantees to match any competitor's exchange rate. Conditions apply. Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 2,000.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, NOK, NZD, PLN, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review
AUD 3,000	1 day	GBP 20.00	0.683	USD 6,825	Global Reach will match any competitor's exchange rates. Conditions apply. No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 3,000.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Chat, Email, Branch Available currencies AED, AUD, BBD, BGN, BHD, BSD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, GHS, HKD, HRK, HUF, ILS, INR, JPY, KES, KWD, KYD, MUR, MXN, NOK, NZD, PHP, PLN, RON, RUB, SDG, SEK, THB, TRY, UGX, USD, XCD, ZAR Go to site Read the full review
AUD 2,000	1 day	AUD 0.00	0.683	USD 6,835	Better exchange rates for Finder customers. Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 2,000.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Chat, Email Available currencies AED, AUD, BBD, BGN, BHD, BWP, CAD, CHF, CLP, COP, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HRK, HUF, IDR, ILS, INR, JMD, JOD, JPY, KES, KRW, KWD, LKR, MAD, MUR, MXN, MYR, NOK, NPR, NZD, OMR, PEN, PHP, PKR, PLN, QAR, RON, RUB, SAR, SEK, SGD, THB, TND, TRY, TTD, TZS, UGX, USD, VND, XCD, ZAR Go to site Read the full review
AUD 2,000	1 day	AUD 0.00	0.683	USD 6,835	SendFX guarantees to match any competitor's exchange rate. T&Cs apply. Fee-free transfers in 30+ currencies to over 200 countries.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 2,000.00 Transfer methods Online, Bank Account to Bank Account Transfer options Regular payments, One off payments, Forward contracts Customer service Phone, Email Available currencies AED, AUD, BGN, BHD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, ILS, INR, JPY, KES, KWD, MXN, NOK, NZD, OMR, PHP, PLN, QAR, RON, SAR, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review
AUD 250	1 - 2 days	AUD 0.00	0.683	USD 6,835	$0 transfer fees for Finder customers. No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 250.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AUD, AZN, BGN, BND, CAD, CHF, CNY, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HUF, IDR, ILS, INR, JPY, KRW, KWD, LKR, MAD, MGA, MXN, MYR, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, RUB, SAR, SBD, SCR, SEK, SGD, THB, TOP, TRY, TWD, TZS, USD, VEF, VND, VUV, WST, XOF, XPF, ZAR Go to site Read the full review
AUD 2,000	1 day	AUD 0.00	0.683	USD 6,835	BFX can help you send fee-free transfers to 30+ currencies.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 2,000.00 Transfer methods Online, Phone, Agent, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders Customer service Phone, Chat, Email Available currencies AED, AUD, BDT, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HUF, IDR, ILS, INR, JPY, LKR, MXN, NOK, NPR, NZD, PHP, PKR, PLN, QAR, RON, SAR, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review
AUD 5	1 - 2 days	EUR 3.00	0.679	USD 6,792	Special offer: Pay zero fees on your first 5 transfers. Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 5.00 Transfer methods Online Transfer options One off payments Customer service Phone, Email Available currencies AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, ILS, INR, NOK, NZD, PLN, SEK, SGD, USD, ZAR Go to site Read the full review
AUD 1	Within an hour	AUD 3.99	0.678	USD 6,777	An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 1.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options One off payments Customer service Phone, Email Available currencies AED, ALL, AMD, ANG, AOA, ARS, AUD, BAM, BBD, BDT, BGN, BHD, BIF, BOB, BRL, BWP, CAD, CDF, CHF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, ISK, JMD, JOD, KES, KGS, KHR, KMF, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, MAD, MDL, MGA, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RUB, RWF, SCR, SEK, SGD, SLL, SOS, SRD, THB, TJS, TND, TOP, TRY, TZS, UAH, UGX, USD, UYU, VND, WST, XAF, XCD, XOF, ZAR, ZMW, BYN Go to site Read the full review
AUD 50	Same day	N/A	N/A	N/A	Instant transfers to India from anywhere in the world with $0 transfer fees. New customers who create an account with Remit2India and make a transfer of AUD$500 or more for the first time will receive a complimentary $25 Coles/Myer e-voucher. Click 'Go to site' for T&Cs.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 50.00 Transfer methods Online, Bank Account to Bank Account Transfer options N/A Customer service Phone, Email Available currencies AUD, INR Go to site Read the full review
AUD 200	1 day	AUD 0.00	0.681	USD 6,807	Low minimum transfer amount of just AU$200, with no set-up fees or transfer fees.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 200.00 Transfer methods Online, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders Customer service Phone, Chat, Email Available currencies AED, AUD, CAD, CHF, CNY, DKK, EUR, GBP, HKD, INR, JPY, MXN, NOK, NZD, SEK, SGD, THB, USD, ZAR Go to site Read the full review

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The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.

Though perhaps best known for its ease of use when making purchases from online merchants, PayPal also makes it easy to send money overseas. PayPal’s service is fast and secure, though the company’s fee structure means this service is best used for transferring smaller amounts, usually up to a maximum of a few hundred dollars.

PayPal exchange rates

PayPal generally offers slightly better exchange rates than Australia’s "big four" banks. However, in most cases, its exchange rates aren’t as high as those offered by specialist money transfer services. See the comparison table below to determine how PayPal’s rates stack up against the competition.

$1 AUD in	PayPal	Westpac	TorFX
USD	0.7343	0.7203	0.757
GBP	0.5208	0.5167	0.543
CAD	0.9362	0.9250	0.973
JPY	79.4602	78.6800	82.362
EUR	0.6006	0.5898	0.62
NZD	1.0227	1.0154	1.059
THB	23.1116	22.7145	23.905

* Rates accurate up to 24 April 2018

Whenever you wish to send money overseas with PayPal, you can see the conversion rate that applies when you lodge your transaction. PayPal adjusts its rates frequently to stay in line with market conditions.

How much does it cost to transfer money with PayPal?

It’s free to sign up for a PayPal account. However, as well as exchange rates, you’ll also need to take fees into account when transferring funds. The fees which apply when you send money via PayPal depends on where your money is going and whether the transaction is funded from your PayPal balance, bank account or credit card. Fees are charged based on a percentage of the money you are transferring.

Where are you sending money?	If transaction is funded by your PayPal balance or bank account	If any part of your transaction is funded by Credit or Debit card
Brazil	$5.99 AUD	$5.99 AUD + 2.6% of the portion funded + fixed fee based on the currency
Canada	$5.99 AUD	$5.99 AUD + 2.6% of the portion funded + fixed fee based on the currency
China	$5.99 AUD	$5.99 AUD + 2.6% of the portion funded + fixed fee based on the currency
Hong Kong	$5.99 AUD	$5.99 AUD + 2.6% of the portion funded + fixed fee based on the currency
Singapore	$5.99 AUD	$5.99 AUD + 2.6% of the portion funded + fixed fee based on the currency
Taiwan	$5.99 AUD	$5.99 AUD + 2.6% of the portion funded + fixed fee based on the currency
US	$5.99 AUD	$5.99 AUD + 2.6% of the portion funded + fixed fee based on the currency
Germany	$5.99 AUD	$5.99 AUD + 2.6% of the portion funded + fixed fee based on the currency
Italy, Netherlands, Belgium, France	$5.99 AUD	$5.99 AUD + 2.6% of the portion funded + fixed fee based on the currency
Poland	$5.99 AUD	$5.99 AUD + 2.6% of the portion funded + fixed fee based on the currency
Other European countries	$5.99 AUD	$5.99 AUD + 2.6% of the portion funded + fixed fee based on the currency
All other countries	$5.99 AUD	$5.99 AUD + 2.6% of the portion funded + fixed fee based on the currency

Minimum transfer amount and available countries

As PayPal is widely used for small payments, the minimum you can transfer in AUD is $0.03. PayPal supports 25 currencies around the world.

PayPal is available in 203 countries, a list of which can be found on the company’s website. While no such list exists of countries excluded from PayPal international money transfers, you won’t be able to use PayPal to send money to places like Afghanistan, Burma, Cuba, Iran, Iraq, Syria or Sudan.

What types of transfers can you carry out with PayPal?

PayPal is designed to take care of one-off transfers when you need to send money to someone. While it is possible to set up regular scheduled transfers, this will incur a fee.

Other transfer options, such as forward contracts or limit orders, are not available. Your PayPal account is linked to your bank account, which is how you can access the funds you receive and withdraw them.

If you need customer support, PayPal has a well-organised Online Help Centre. However, you can also phone or email the company with any queries you may have.

How to transfer money from your bank account to PayPal

Log into your PayPal account
Click "Add money" under your PayPal balance
Select the bank account you want to transfer from, enter the amount to transfer and click "Add".
The expected clearing date is two to three business days depending your bank.

The registration and transfer process

Both you and your recipient will need a PayPal account, but these are quick, easy and free to sign up for. You’ll need to provide:

Your email address
Name
Date of birth
Phone number
Address
Linked bank account or credit card details

Once you’ve signed up and logged in, click on the "Send Money" tab in your account overview. Enter the email address or phone number of the person you are sending money to, the amount you wish to send and the reason for the transaction. You’ll then be shown the fees and exchange rate which will apply, before being given the opportunity to review your transaction and then click "Send Money".

The entire process is relatively straightforward and the money typically arrives within minutes.

What are the pros and cons of using PayPal?

Pros

Better exchange rates than banks. PayPal’s exchange rates are typically a little better than those offered by the "big four" banks.
Fast. Your money arrives within minutes.
Secure. PayPal transactions are protected by state-of-the-art security technology.
Great for small transactions. PayPal’s fee structure is perfect for sending smaller amounts of money.

Cons

Large fees for large amounts. The fee you have to pay for international money transfers is based on the amount of money you send.
Exchange rates could be better. You’ll typically be able to find better exchange rates with money transfer companies.

What other products and services does PayPal offer?

PayPal offers a variety of products and services to customers, including:

Online shopping. You can use PayPal to checkout faster at tens of thousands of online and mobile stores.
Business solutions. PayPal allows business to accept payments from credit cards, debit cards, linked bank accounts and PayPal accounts online.
PayPal Here App and Chip and PIN card reader. These services allow you to accept payments on the go.

FAQs

Is PayPal available for non-residents?

Yes.

What’s their refund/ dispute handling process?

PayPal has a detailed dispute resolution process in place to ensure that you can send money successfully.

Is PayPal suitable for small businesses?

Yes, it’s simple to open up a business account with PayPal.

The PayPal app only allows you to send money within Australia.

How can I check my balance?

This can be easily done by logging into your account online or through the smartphone app.

If you’re looking to transfer no more than a few-hundred dollars overseas, PayPal could be the best money transfer option for you. However, compare PayPal’s fees and exchange rates with those of banks and money transfer companies to ensure you end up with a great deal.

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Shirley Liu

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

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ANZ International Money Transfer

Transfer to over 99 countries via online banking, phone banking or through an ANZ bank branch.

More info

TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

More info

Global Reach (formerly FC Exchange) International Money Transfers

Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.

More info

WorldFirst International Money Transfers

Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

More info

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14 Responses

GuruJuly 18, 2019

I am a freelancer from the Philippines with a client from Australia. I am looking for the best option to be paid for my services. I am considering using paypal. How much would I be charged for the transfer? What is my best alternative option to reduce costs? Thank you

Reply
- finder Customer Care
  
  AshJuly 19, 2019Staff
  
  Hi Guru,
  
  Thank you for contacting Finder.
  
  The Paypal Transfer Fee depends on how are you funding the transfer. If it’s coming from your Paypal Balance/ Bank Account, there will be a $5.99 AUD fee while if it’s coming from your Credit or Debit card, there will be a 2.6% of the portion funded + 30c AUD (fixed fee depending on where the money transfer will come from)
  
  You may also compare the other money transfer providers at this page which your Client can use to send your salary from Australia to the Philippines.
  
  I hope this helps.
  
  Please do not hesitate to reach out again to us.
  
  Cheers,
  Ash
  
  Reply
BillaSeptember 14, 2015

Bonnjour j’ai besoin d’un credit d’un outil de travaill nomer Garrett ATX a la somme de 2300€ pour 2 ans de rembourcement mon Email : naconncyHbill@paypal.com
Merci

Reply
- finder Customer Care
  
  ShirleySeptember 15, 2015Staff
  
  Hi Billa,
  
  Thanks for your question
  
  Please be mindful that finder.com.au is an Australian comparison service a – in most cases you’ll need to be an Australian resident to be eligible to apply online.
  
  Cheers,
  Shirley
  
  Reply
suzanneAugust 10, 2015

Can I send money to Nigeria for cash pick up ?

Reply
- finder Customer Care
  
  MarcAugust 11, 2015Staff
  
  Hi Suzanne,
  thanks for the question.
  
  Paypal will only allow you to send money to another person’s Paypal account, rather than have cash pickup. We’ve written a guide on sending money to Nigeria which explains some of the services you can use to send your recipient cash.
  
  Cheers,
  Marc.
  
  Reply
MaswoodJuly 22, 2015

Hello All,

I have a question.

I wanted to know if I could use Paypal card reader in Australia with my Singaporean Business Paypal account ?

Reply
- finder Customer Care
  
  BelindaJuly 23, 2015Staff
  
  Hi Maswood,
  
  Thanks for your enquiry.
  
  As long as you’re in the vicinity of Australia, you should be able to use the Paypal card reader with your Singaporean business account.
  
  If you have any further enquiries regarding this type of transfer, please get in touch with PayPal directly.
  
  Thanks,
  Belinda
  
  Reply
tombeJuly 17, 2015

Hi
can you accept transfer money by Western Union to the PayPal through your services
thank

Reply
- finder Customer Care
  
  BelindaJuly 22, 2015Staff
  
  Hi Tombe,
  
  I’ve sent you an email to follow up with this enquiry.
  
  Thanks,
  Belinda
  
  Reply
Jean-MarieMay 18, 2015

Hi there,

I am looking at ordering some products from a Chinese Supplier and I am in Australia. I am using them for the first time and I can order using their owner’s private paypal account. Is there any buyer protection that Paypal offer?

Thanks

Jean-Marie

Reply
- finder Customer Care
  
  MarcMay 25, 2015Staff
  
  Hi Jean-Marie,
  thanks for the question.
  
  PayPal covers buyers for up to $20,000 in the event that your purchase doesn’t arrive or match the description given by the seller. This is extended to eligible items. They also protect buyer’s information from fraudulent theft of your payment information. I’ve emailed you more information about this policy.
  
  I hope this helps,
  Marc.
  
  Reply
BillaMarch 10, 2015

J’ai besoin de 5000€ pour un appareil de travail Garrett ATX

Reply
- finder Customer Care
  
  ShirleyMarch 11, 2015Staff
  
  Hi Billa,
  
  Thanks for your question.
  
  Please note that finder.com.au is an online comparison service and is not a product issuer. If you would like to discuss your eligibility or options, please get in touch with PayPal directly.
  
  Cheers,
  Shirley
  
  Reply

PayPal international money transfers

Did you know that you can use PayPal to transfer money overseas quickly and easily? We show you how.

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Using a money transfer can be cheaper than using Paypal

Compare up to 4 providers

PayPal exchange rates

How much does it cost to transfer money with PayPal?

Minimum transfer amount and available countries

What types of transfers can you carry out with PayPal?

How to transfer money from your bank account to PayPal

The registration and transfer process

What are the pros and cons of using PayPal?

Pros

Cons

What other products and services does PayPal offer?

FAQs

Is PayPal available for non-residents?

What’s their refund/ dispute handling process?

Is PayPal suitable for small businesses?

How can I check my balance?

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