How Much Does PayPal Charge to Receive Money

Sharing is caring!

Here are some other questions people get stuck at with the PayPal charge fees.

  • How Much Does PayPal Charge to Receive Money?
  • PayPal fees for receiving money?
  • PayPal fees for receiving money from, friends and family?
  • PayPal fees for receiving money internationally?
  • Why is PayPal charging me a fee to receive money?

It could get very expensive if you are a business owner just starting out and needs to receive money from international clients.

You might want to find out firsthand how much people would charge you to receive money from clients before going ahead to make them your international payment gateway.

To answer the questions above, Read this easy guide.

What Are PayPal fees for receiving money internationally?

No matter what, PayPal charges a fee of 3.4%+fixed fee when you receive money from abroad. If you’re making a sale to someone in another country, they may be able to pay using the PayPal friends and family option, which will cost you less than using any other payment method.

If you accept payments through PayPal as goods and services (i.e., when you sell something online), there’s an additional 2% fee on top of their standard receiving fees (3.9%+fixed fee). The same applies if your customer pays in a foreign currency—you have to pay 3.5% conversion fees for every transaction that involves selling goods or services in another country’s currency.

Related: How to Send and Receive Money Using PayPal In 2022 ( Ultimate Guide)

Why Use Paypal

How Much Does PayPal Charge to Receive Money

PayPal is a safe and secure e-commerce site to send and receive money from abroad. PayPal provides a convenient way to send and receive money internationally while protecting your identity.

PayPal is also used by millions of people around the world and is a safe way to transfer money online.

There are two ways to receive money from PayPal and both charge different fees.

PayPal Fees For Receiving Money From Friends And Family?

If you’re sending money to friends or family, the fee is 3.4% plus $0.30 for each transaction.

How Much Does PayPal Charge to Receive Money From International Clients

If you’re selling goods or services, there are different fees depending on your country and currency:

  • If you are in the US and sell in USD currency, the fee is 4%.
  • If you are outside of the US and sell in USD currency, there is a 3% conversion fee plus a 1% PayPal service charge (4% total).
  • Other currencies have different fees associated with them. The best way to check what your specific fee will be if receiving money from abroad into your bank account is via PayPal’s website.
PayPal Fee Calculator

For example, if you receive $100 from someone in another country, you will get $95.80 after the transfer to your local bank. A $5.20 is charged.

The currency conversion fee is applied when your buyer pays with a currency other than US dollars (USD). This fee can be as high as 3% of the total amount transferred into your PayPal account and it may apply even if the sender uses USD.

For example, if you receive $100 from someone in another country, you will get $95.80 after the transfer because of this currency conversion fee that applies only for transactions made outside of the United States

The second and more expensive way is for payments for goods and services which are done through the ‘pay now’ button on your website or online shop.

Paypal charges a fee of 3.4% per transaction to cover the cost of processing the transaction. You may also have to pay a fee to withdraw the funds from your bank account, which will often be cheaper than paying this PayPal charge!

How to reduce your PayPal charges

You can avoid the currency conversion fee by transferring the funds to your bank account first and then withdrawing the funds in your local currency. To do this, log into your PayPal account and go to the “My Money” tab.

In this section, click on “Transfer money using Bank Account” and follow their instructions to complete a transfer. Once you have received your funds, you can withdraw them at an ATM or bank branch near you without paying any additional charges.

You may incur a charge while withdrawing cash from your bank account at an ATM but this will still be cheaper than transferring the funds directly to your card.

Typically, a Paypal fee will be between 2% and 3%, while withdrawing cash from an ATM will cost less than 1%.

However, if you transfer the money from PayPal to your bank account first and then withdraw it as cash from an ATM, there’s no need for any additional charges.

PayPal charges fees when receiving money from abroad, but there are ways to avoid PayPal fees these fees depending on what you need the funds for.

PayPal’s transaction fees for international payments depend on the currency you choose to send and your country of residence. As of this writing, PayPal currently charges 2.9% + $0.30 per transaction made in U.S dollars or pounds sterling, 3% + €0.35 per transaction made in euros, and 3% + S$1 per transaction made in Singapore dollars (which is roughly equivalent to 1/4th of 1%). This means that if you receive $100 USD from someone who lives overseas.

Written by

Urah Toks

Hi, Welcome to My Safe Haven!
I am Urah, a Mom and a Full-Time Blogger/Freelance Writer.
Every Extra Dollar Seeks to Help Mom's and Wannabes Find The Right Way to Earn as a Stay-at-Home, Save Some of The Extras and Invest Wisely.
As a Frugal-Freak Mom, I can Teach You From Years Of Experience, How to Get Out Of Debt and Invest in a Lifetime Streams of Passive-Income.
Join Me, Let's Get Rich Together!