Can I Use Paypal To Send Money Overseas

Can I use PayPal to send money internationally?

Yes, you can certainly use PayPal to ship money internationally. The company supports international money transfer to over 200 countries and can process your transfer in a few working days. If you're going to be using PayPal to send money abroad, it's a practiced idea to familiarize yourself with the fees that will exist associated with this blazon of transaction.

Hither, we've covered the PayPal fees and charges associated with sending coin internationally from a U.S. PayPal account. It's worth keeping in mind that charges may alter depending on where you are sending from.

PayPal international transfer fees

When sending money internationally from a PayPal U.S.A. account, you should first understand what costs will be associated with this style to send money away . The two main costs to be enlightened of are PayPal'southward fixed fee structure, plus the conversion fee for converting your currency (essentially, the commutation rate).

Use PayPal to send money to friends or family within the U.S. with your PayPal account is complimentary, but sending coin to another country does come with fees. PayPal will charge y'all upwardly to 5.00% of the transaction amount for personal international payments.

This transaction fee assumes that yous are making the international transfer from your PayPal balance. If you lot were to pay for your transfer with a credit card or debit card, you'll exist charged a funding fee of 2.9% plus a fixed fee which depends on the currency involved in the transfer.

Currency conversion fee

The second cost you need to be aware of when using PayPal to transfer money internationally is the conversion rate applied to your transfer.

The currency conversion rate is applied to the base of operations commutation rate for converting between the two currencies involved, and tin range from 3.75 – 4% depending on where you are sending to.

This is a similar process applied past near banks and coin transfer operators, although the exchange rate you are offered may be higher or lower than what is offered by competitors. Y'all'll exist able to see the departure in the mid-market exchange rate (considered the most authentic and 'fair' rate for sending money on whatsoever given twenty-four hours) by looking information technology up on Google and so comparing the substitution rate you lot are offered by PayPal.

Why are these fees important to know?

When y'all have fixed transfer fees, currency conversion fees, and fees for using a debit or credit carte du jour all into account, it's like shooting fish in a barrel to fee how quickly the costs can add up when sending money internationally with PayPal.

This tin can amount to either your recipient losing a pregnant portion of the funds you are sending in fees, or you paying more than you expected to transfer your money. With so many culling options for international transfers available today, it'southward worth informing yourself of the costs involved and deciding if you lot tin can get a amend deal elsewhere.

Alternatives to using PayPal to send money internationally

PayPal is a well-known service for sending money both domestically and internationally, as well every bit for making online payments. All the same, that doesn't mean it'southward your only choice. If you desire to consider some alternatives to PayPal for sending money internationally, you accept a few options:

Employ an alternative coin transfer service

In the past couple of decades, there has been a significant increase in the number of companies able to offer quick international money transfers for depression fees.

Specialist money transfer operators volition usually take a digital focus to make sending money internationally equally convenient and hassle-gratuitous as possible. Most do involve both transfer fees and a markup on the exchange rate (although some, such as TransferWise, offer transfers at the mid-market rate with a stock-still fee while others, such as XE, offer transfers with no fees but add a small markup onto the exchange rate).

Ultimately, the all-time provider for yous will depend on a number of mitigating factors to do with your transfer. Things that can affect this include:

Where you are sending from
Where you are sending to
What payment option you want to use
How you lot want your funds to exist delivered to your recipient

Our comparing engine provides a existent-time breakdown of the best money transfer providers for your specific transfer, so you lot can accurately compare your options based on costs, speed, security, and more.

Send money internationally with your bank

Another alternative to using PayPal to transfer money is to use your own bank. In that location are pros and cons to this option.

On the upside, using your depository financial institution is a familiar pick that some users may feel more comfortable with. Additionally, all you need is your recipient'southward banking concern details and name to ready a transfer, rather than needing to provide additional verification of your identity every bit may be required with a coin transfer provider.

However, using your bank to send coin internationally often comes with high fees – potentially fifty-fifty higher than sending with PayPal – and slower transfer times. Be prepared for an international transfer with your depository financial institution to have anywhere up to v working days, factoring in the boosted delay weekends or bank holidays can contribute.

How to send an international transfer with PayPal

Follow these steps to make an international transfer with PayPal:

Login to PayPal: Go to paypal.com and login to your account
Navigate to Ship: Go to the 'Send & Request' tab and select 'Send Coin Abroad'
Select Land: Select the country you are sending to
Choose Delivery Method: Choose how you want the funds to be delivered to your recipient. If you are sending money to someone who does not have a PayPal account, you might find that you are directed to Xoom, which is also endemic by PayPal just has slightly more flexible options for sending money away.
Enter Amount: Enter how much you would similar to send and the currency you lot are converting to.
Check the Fees: You should automatically be shown the fees you will exist charged and how much your recipient volition receive on the other terminate. If you lot are happy with all the information displayed, click 'Next'.
Enter Details: Enter your recipient'due south details (email accost or phone number).
Confirm and Transport: If y'all've confirmed all the details are correct, you can click 'Send Money' and consummate the transfer.

Bottom line: Is sending coin internationally with PayPal the best option?

PayPal supports international transfers to over 200 countries and is used by millions of people to ship payments every single twelvemonth. It's a well-known company, has a clear and piece of cake-to-apply process for sending coin, and has a secure mode of getting your money to your recipient.

That beingness said, you may discover that there are cheaper and faster alternatives for getting your money abroad. Use our comparing engine to discover a real-time analysis of the best money transfer services for yous, based on cost, speed, and more.