
Get exclusive money-saving offers and guides
Straight to your inbox
PayPal is a well-known, digital payments company. Owned by eBay Inc., PayPal offers a fast and safe way to send money online.
AUD 1
Min. Transfer Amount
AUD 60,000
Max. Transfer Amount
1 day
Transfer Speed
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Product Name | PayPal International Money Transfers |
---|---|
Min. Transfer Amount | AUD 1 |
Max. Transfer Amount | AUD 60,000 |
Transfer Methods | Online, Bank Account to Bank Account |
Transfer Speed Minimum transfer time | 1 day |
Customer Service | |
Available Currencies | AUD, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, MYR, NOK, NZD, PHP, PLN, RUB, SEK, SGD, THB, TWD, USD |
Online Transfer Fee | AUD 5.99 |
---|
PayPal is a digital payment system that can be used by both individuals and businesses to send and receive payments through the internet without having to share personal data. Although PayPal has long been associated as being the primary payment system for eBay, PayPal has since separated itself and expanded to offer global services that include money transfers, international payments and more.
PayPal works similar to a bank account, in that it allows you to send, receive and store money digitally. PayPal integrates with many online merchants to make shopping online more seamless and private, and users can see a full history of transactions in their PayPal account history. Overall, PayPal can be used in a lot of the same places you'd shop with a credit or debit card.
PayPal international transfer fees depend on where you're sending money to, how you're sending it and how you plan to fund it. For international deliveries you face layers of fees that include flat rates and percentages of your transaction amount. PayPal does not have any hidden fees, but its fee structure is complex to say the least. When using PayPal, pay close attention to fees and exchange rates to avoid feeling like hidden fees snuck up on you.
The following fees apply when sending money to friends and family.
Funding method | Destination country | Fees |
---|---|---|
PayPal balance or linked bank account | Australia | $0 |
Credit card or debit card | Australia | 2.6% of transaction amount + $0.30 |
PayPal balance or linked bank account | Any other country | 5% of the transaction ($0.99 minimum, $5.99 maximum) |
Credit card, debit card or PayPal Credit | Any other country | 5% of the transaction ($0.99 minimum, $5.99 maximum) + 2.6% of the transaction amount paid using a credit card, debit card or PayPal Credit + a fixed fee based on currency |
When selling goods and services through PayPal, these are the fees you'll have to pay based on what country the PayPal account of the person buying from you comes from and what type of transaction it is.
Sale occurs: | Buyer's PayPal account is from: | Fee |
---|---|---|
PayPal Wallet online and invoicing transactions | In Australia | 2.6% of the transaction amount + a fixed fee based on the currency. |
PayPal Wallet online and invoicing transactions | Outside of Australia | 3.6% of the transaction amount + a fixed fee based on the currency. |
Direct card transactions and other payment methods | In Australia | 1.75% of the transaction amount a fixed fee based on the currency. |
Direct card transactions and other payment methods | Outside of the US | 3.6% of the transaction amount a fixed fee based on the currency. |
Virtual terminal | In Australia | 3.6% of the transaction amount a fixed fee based on the currency. |
Virtual terminal | Outside of Australia | 4.6% of the transaction amount a fixed fee based on the currency. |
Currency | Fee |
---|---|
Australian dollar | 0.30 AUD |
Brazilian real | 0.60 BRL |
Canadian dollar | 0.30 CAD |
Czech koruna | 10 CZK |
Danish krone | 2.60 DKK |
Euro | 0.35 EUR |
Hong Kong dollar | 2.35 HKD |
Hungarian forint | 90 HUF |
Israeli shekel | 1.20 ILS |
Japanese yen | 40 JPY |
Malaysian ringgit | 2.00 MYR |
Mexican peso | 4.00 MXN |
Currency | Fee |
---|---|
New Zealand dollar | 0.45 NZD |
Norwegian krone | 2.80 NOK |
Philippine peso | 15 PHP |
Polish zloty | 1.35 PLN |
Russian ruble | 10 RUB |
Singapore dollar | 0.50 SGD |
Swedish krona | 3.25 SEK |
Swiss franc | 0.55 CHF |
Taiwan new dollar | 10 TWD |
Thai baht | 11 THB |
UK pounds sterling | 0.20 GBP |
US dollar | 0.30 USD |
If a transaction requires currency conversion, it will be done automatically and at a fee of 3% or 4% of the total transaction amount, in the form of above mid-market exchange rates.
Converting currencies within your own account will incur a 3% conversion fee, while all other transactions that involve currency conversion, including sending money and making purchases, will be done at 4% above mid-market rates.
Most other services that send money overseas will be able to offer you a better exchange rate than PayPal. Check out the table below to see what your transfer could look like with another company.
Find out other alternatives to PayPal
One of the most popular uses for PayPal is to send and receive money online. Whether you're sending this money to businesses or friends, the process is similar. In general you'll have to create your account, add money to it and then choose who to send it money to. Here are the steps:
Creating a PayPal account can be done for free and with little verification needed. To begin, follow these steps:
Once your account is created you can start receiving money right away, but you'll have to add a payment method and bank account if you want to withdraw funds.
You don't need to add money to your PayPal account to use it. Instead, you can simply link a bank account or card. But if you do want to add money to your PayPal wallet:
Transfers into your PayPal balance typically take 3-5 business days and incur no PayPal fees. However, it is always worth double checking with your bank account beforehand to make sure your bank won't charge any fees.
Money can be sent both domestically and internationally with PayPal. Different fees may apply depending on who you are transferring to, the purpose of the transfer and what country they live in. In general, to send a domestic PayPal transfer:
Money can be sent to your PayPal account through your connected email address or mobile number, so be sure you provide the person paying you with the correct information. Once they've paid you, PayPal will send you an email, a text message or both to let you know there is money in your account.
You can spend money directly from your PayPal account, or make a withdrawal from your PayPal account to your bank account.
To transfer to your bank account, click the Transfer to your bank button after you accept the money.
PayPal takes many measures to keep your money and transactions safe and secure, but how you use PayPal still factors into whether or not it is safe for you to use. PayPal helps keep you and your money safe by:
Reviews accurate as of May 11, 2020.
Trustpilot score | 1 out of 5, based on 9,985 customer reviews |
BBB rating | A, with 10,765 complaints in the last 3 years |
PCMag.com | 4 out of 5, staff reviewed |
PayPal is a massive global company that has millions of daily users. When investigating the negative reviews on Trustpilot we saw a trend of customers complaints focused on poor customer service and extremely long wait times on both phone and chat support. To avoid some of these issues, always be sure to read existing reviews on a buyer before making a purchase. Also, thoroughly read PayPal's buyer protection fine print to fully understand what is and isn't covered before relying on it to guarantee you a refund. Many of the scams that people face on PayPal common money transfer scams, so read up on our list of common scams and how to avoid them to save yourself time and stress.
Reviews accurate as of May 11, 2020 | |
---|---|
Google Play Store | 4.4 out of 5, based on 1,347,478 customer reviews |
Apple App Store | 4.8 out of 5, based on 3,324,851 customer reviews |
More on the best money transfer apps
PayPal is a strong solution for fee-free direct domestic transfers to other PayPal accounts. But international transfers come with a complicated fee structure you're likely better off avoiding with a money transfer specialist offering lower fees and stronger rates — especially on large transfers.
Looking for an alternative? Compare services like PayPal to get the best rates and fees.