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WorldRemit vs PayPal

We put these well-known services head to head to find out which one offers the best value on international money transfers.

WorldRemit and PayPal both offer a convenient online transfer service and let you send money to friends and family all around the world. But which one is the better choice for your next international transfer?

To find out, let's compare WorldRemit and PayPal side by side to find out which offers the best exchange rates, lowest fees and fastest transactions.

The fees and rates used in this comparison are accurate as of 11 February 2019.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 1 Within an hour AUD 3.99 0.697 USD
694
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
AUD 1 1 day AUD 5.99 0.67 USD
666
Send money overseas to more than 20 countries. Rate last updated on 17/08/2018 at 1:30 pm. Find out how we calculate this exchange rate. Show details

Compare up to 4 providers


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.

Which has lower fees?

WorldRemit

WorldRemit charges a transaction fee on all transfers, but the fee amount depends on multiple factors:

  • How much money you send.
  • Where you send it.
  • The type of transfer you send.

Bank transfers attract the lowest fees, often around $3.99 per transaction, but we recommend that you use WorldRemit's online calculator to work out exactly how much your transfer will cost.

PayPal

PayPal's fees vary depending on the amount you send and whether your payment is funded from your PayPal balance, bank account or your credit/debit card.

Trophy icon
Winner: WorldRemit

If you're sending a transfer of less than $100, PayPal is definitely worth considering.

However, PayPal's fee structure is quite complicated and confusing and WorldRemit will often work out cheaper when transferring a larger amount.

Which offers better exchange rates?

WorldRemit

WorldRemit adds a margin on top of the mid-market exchange rate you see listed on Google and currency conversion websites like XE. Along with fees, this is the other way most money transfer services make a profit. WorldRemit's margin varies from one currency to the next but often sits somewhere between 0.7% and 2%. For example, if you wanted to send a transfer to France:

  • If the mid-market rate is 1 AUD = 0.6235 EUR
  • WorldRemit's rate might be 1 AUD = 0.6156 EUR

PayPal

While PayPal typically offers better exchange rates than the banks, those rates are below what you can get from WorldRemit and other online transfer services. The margin varies depending on the currency you're sending to, but we found that it was generally around 4%. For example:

  • If the mid-market rate is 1 AUD = 0.6235 EUR
  • PayPal's rate might be 1 AUD = 0.5982 EUR

Trophy icon

Winner: WorldRemit

WorldRemit generally offers higher exchange rates than PayPal, which means that more of the money you send makes it to your recipient.

Let's crunch the numbers: Sending $100 and $2,000 to the UK

To give you a better idea of how WorldRemit and PayPal compare, let's look at the example of sending two transfer amounts from your bank account to a recipient in the UK. With WorldRemit the funds will be deposited into your recipient's bank account, while PayPal will send the money to your recipient's PayPal account.

Sending $100 to the UK

WorldRemit PayPal
Transfer fee $3.99 $2.99
Transaction cost $103.99 $102.99
Exchange rate 1 AUD = 0.5393 GBP 1 AUD = 0.5236 GBP
Transfer speed 1 day Funds available immediately
Total received £53.93 £52.36

As you can see, WorldRemit offers slightly better value for money in this example. While you'll pay $1 more to send the transfer, the higher exchange rate means your recipient will get £1.57 more than with PayPal.

Sending $2,000 to the UK

WorldRemit PayPal
Transfer fee $3.99 $5.99
Transaction cost $2,003.99 $2,005.99
Exchange rate 1 AUD = 0.5393 GBP 1 AUD = 0.5236 GBP
Transfer speed 1 day Funds available immediately
Total received £1,078.60 £1,047.20

WorldRemit comes out ahead in this example as well, saving you $2 on transfer fees and resulting in an extra £31.40 in your recipient's account.

Which is faster?

WorldRemit

Transfer times with WorldRemit vary depending on where you're sending money and the type of transfer you choose.

  • Bank transfer: Instant transfers to selected banks, but 1-3 working days when sending to other bank accounts.
  • Cash pickup: Available to collect instantly.
  • Mobile money: Instant or near-instant.
  • Airtime top-up: Instant or near-instant.
  • Home delivery: 24 hours - 7 days.

PayPal

The money you send to your recipient's PayPal account is available almost immediately. However, if your recipient wants to withdraw the funds to their bank account rather than spend it straight from their PayPal account, this can take one or more business days.

Trophy icon

Winner: WorldRemit

While PayPal transfers are fast and convenient, the fact that WorldRemit has multiple instant or near-instant transfer options means it wins this category.

General features

Payment methods Minimum and maximum transfers Delivery methods Transfer speeds Countries and currencies
WorldRemit Bank transfer, credit card, debit card, Android Pay, Apple Pay Minimum: $1

Maximum: $50,000

Bank transfer, mobile wallet, cash pick-up, airtime top-up, door-to-door delivery Within an hour 145+ countries
PayPal Bank transfer, credit or debit card, PayPal Credit Minimum: $1

Maximum: $60,000

PayPal account transfer 1 day 190+ countries

WorldRemit

Before you can send money overseas with WorldRemit, you'll need to sign up for a free account online. To initiate a transfer, enter the currency and amount you want to send along with the details of your recipient. You can pay for your transfer using your bank account, credit/debit card, Android Pay or Apple Pay, and WorldRemit offers several different transfer types. However, it's worth noting that not all transfer options are available in all countries.

PayPal

If you want to use PayPal to send money overseas, both you and your recipient will need PayPal accounts. Once you've signed up for an account and linked your bank account or credit/debit card, you can initiate a transfer request by entering the email address or phone number of your recipient. You can then specify the currency and amount you wish to send, provide a purpose for the transfer, and then review the exchange rate and fee before submitting your transfer.

Bottom line

While PayPal is a competitive and convenient option for small transfer amounts, WorldRemit's simpler fee structure and higher exchange rates see it take victory.

However, before deciding how to send your next overseas transfer, make sure you compare a range of international money transfer services to find the best deal.

Looking for more options?

Use the comparison calculator below to compare the fees, exchange rates and transfer times of a range of money transfer services.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 200 1 day AUD 0.00 0.688 USD
688
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 Show details
AUD 2,000 1 day N/A N/A N/A Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider. Go to site Show details
AUD 250 1 - 2 days AUD 15.00 0.688 USD
678
$0 transfer fees for Finder customers.
$0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.
Go to site Show details
AUD 250 1 day AUD 0.00 0.687 USD
687
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 Show details
AUD 200 1 day AUD 0.00 0.688 USD
688
Low minimum transfer amount of just AU$200, with no set-up fees or transfer fees. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.688 USD
687
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 Show details
AUD 1 Within an hour AUD 3.99 0.697 USD
694
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
AUD 3,000 1 day N/A N/A N/A 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 Show details
AUD 1 1 day AUD 0.00 0.688 USD
688
With global payments provider XE, enjoy fast and secure transfers and a range of foreign currency tools and calculators while benefiting from $0 transfer fees. Go to site Show details
AUD 200 1 - 2 days AUD 5.00 0.699 USD
695
Exclusive: Finder customers receive $15 off their first transaction. T&Cs apply.
Quick and simple international money transfers with zero-margin exchange rates. There's a flat 0.5% transfer fee for most transfers. Earn loyalty points on sign up, referral and every transaction.
Go to site Show details
AUD 1 Within an hour AUD 65.00 0.674 USD
631
Limited time offer: $0 fees on your first THREE transfers at any 7-Eleven. T&Cs apply.
Fast cash pick-ups to more than 350,000 agent locations worldwide.
Go to site Show details

Compare up to 4 providers


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.

Frequently asked questions

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Important Information*
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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.

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WorldFirst International Money Transfers

Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
$0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.

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Make online transfers at the mid-market rate with transparent fees in 45+ currencies.

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