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PayPal merchant fees are confusing. Use this simple calculator to find out how much PayPal will charge you, wherever your customers are. Get a business account that is up to 19x cheaper than PayPalAs well as merchant fees, you’ll also face PayPal charges if you receive payments from a different country or currency. PayPal adds a markup to the exchange rate used to convert your money back to pounds which might mean you get less than you expect when you withdraw your PayPal balance. Avoid PayPal currency fees by withdrawing your balance to the Wise multi-currency account and save even more when you use Wise to send and receive money internationally. Source. Find out how to save Other useful calculatorsPayPal Exchange Rate CalculatorPayPal & eBay CalculatoreBay CalculatorCheck out the eBay fees you’ll need to pay, so you can set your product prices to cover the costs, and protect your profits. PayPal fees for sellers: What's domestic vs international?PayPal UK fees vary depending on whether the payment is considered domestic or international. Domestic payments: The person sending and the person receiving the payment both have PayPal accounts registered in the same country/territory. International payments: Sender and receiver PayPal accounts are registered in different countries/territories. Some exceptions apply, where country groupings are used to calculate international transaction rates. For example, euro and Swedish krona transactions count as domestic payments if both the sender and the receiver are registered with PayPal in the European Economic Area (EEA). Check out the PayPal Country/Territory Grouping Table for more information. Standard rate for receiving domestic transactions with PayPalHere are the PayPal fees for domestic transactions:
You’ll also pay a fixed fee which is based on the received currency For PayPal accounts registered in a few countries the percentage PayPal charges will change based on the value of commercial transactions received. In general, the more you receive via PayPal, the lower your rate becomes. Sounds complicated? If you want to use our calculator to do the maths for you, get it here.
PayPal’s Fixed fee based on received currencyThe fixed fee is calculated based on the currency of the transaction. Charity fees may be lower. Get details from PayPal’s official website.
PayPal’s fees for receiving an international transactionIf your customers are based abroad, you need to know that PayPal charges an additional percentage fee for international transactions.
PayPal’s fee for currency conversionIf you’re selling to customers based abroad and receive a payment in a currency different to the default currency of your PayPal merchant account, you’ll pay an extra fee for currency conversion. This charge is applied as a mark up on the exchange rate, or as PayPal calls it, the “transaction rate”, and means you pay 2.5% of the transaction value to convert your money back to pounds. Example of a calculation: if the base rate for EUR/GBP is 0.9036 , the transaction rate will be 0.8810 (rate * 0.975). Find out how to save with Wise instead PayPal’s other merchant feesThat’s not all. There may be other fees if you use PayPal to collect payments from your customers, such as:
PayPal fees FAQs.Wise is your easy, cheap alternative to a bank account abroad.Open online in just a few steps, with no monthly fees and no minimum balance - just simple currency services using the real exchange rate. Learn more |