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How Much It Cost To Send Money By PayPal

To send money by PayPal is one of the cheapest ways to get funds to someone. This is done to help encourage the use of PayPal among it's growing customer base.

Their most economical method, is either when amounts of money are sent through bank accounts or right from existing PayPal balances. For which the fee is $0.00 when going to someone in the United States.

If the money is being sent by a credit card or by debit card, there will be a 2.9% charge and $.30 for each transaction in the United States (other currencies may vary). Figures that PayPal claims is merely passing on to the consumer to cover its operating expenses. Although the person initiating the transfer may pay these fees upfront or leave it to the receiver to do so.

Making International Transfers

When sending to someone outside of the country, PayPal claims to charge 0.0% for the transaction if paid by PayPal balance or funded by bank account. For those that prefer to use a debit card, or credit card, fees of 2.9% plus currency fees will ensue.

PayPal Money Transfer Factors

As of 2017, the company claims to have almost 200 million active accounts ('digital wallets') while the public continues to assimilate their services as a viable option for making personal financial transactions. PayPal is based out of San Jose, CA.

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