PAYPAL CALCULATOR 2020 PLUS

International transfers, on the other hand, are charged a percentage of the transfer on top of a flat fee.Īny transfers between PayPal accounts are free, regardless of the locations of the buyer and seller.

Whether it’s a personal or business transactionĭomestic transfers typically involve small fees or no fees at all.

The expected rate of the fees are as follows: Payment TypeĬalculating your PayPal fees depends on several factors, including the following:

PAYPAL CALCULATOR 2020 PLUS

The rates for receiving international donations includes the domestic rate, plus an additional percentage-based fee. The rates for receiving domestic donations are as follows: Transaction Type

Payment TypeĪll other countries – Commercial TransactionsĬurrency conversion fees apply when sending or receiving personal payments, for commercial transactions, and when using PayPal Payouts: Currencyįor all other currency conversions, a minimum rate of 3.00% applies. In fact, the international commercial transaction fees include the domestic transaction fees, plus a percentage-based fee. If you have international customers, the fees for receiving money from them is higher. Receiving Domestic Payments Transaction Type If you’re selling a product or service and are receiving money through PayPal for a commercial transaction, merchant fees apply as follows. Fees When Accepting Money For A Purchase Using PayPal However, if you’re a merchant receiving money from customers through Paypal, there are certain fees involved. Fees When Making A Purchase Using PayPalĪs a consumer, no fee is applied to buy a product or pay for a service in a commercial transaction or to donate money, unless a currency conversion is required. However, when currency conversions are required, there are fixed fees: Currencyįind out the tax rules on international money transfers. Similarly, if there is no currency conversion involved when receiving money, then no fee applies. If your friends and family send you money using their PayPal balance or bank account, it’s free. However, you can use their other money transfer service called Xoom. If you’d like to send money to friends and family outside of Canada, you’ll be charged a fee depending on your payment method (PayPal balance, bank account, debit or credit card).ĭo note, that if you’d like to send or receive money from India, you cannot use PayPal. Personal International PayPal Transfer Fees Personal PayPal Transfer Fees In Canada Payment method Fees may also apply when you make a personal payment using a debit or credit card. However, when you send money to purchase goods or services (a commercial transaction), certain fees may apply. When you send money to friends and family in Canada using your PayPal account or bank account for non-commercial purposes (personal payment), it’s free. There are several fees that PayPal charges to send and receive money, depending on the exact type of transaction involved. Let’s take a closer look at PayPal’s transfer fees to help you determine what it will cost you to use this service when sending and receiving funds. About 28 million merchants and 361 million customers currently have active PayPal accounts, which is a testament to the platform’s popularity.īut like other money transfer platforms, PayPal charges fees for specific types of transactions. The fintech company was once wholly owned by eBay, though it became an independent company in 2015. PayPal is one of the most commonly-used online money transfer platforms among Canadians and consumers across the globe.

Paypal calculator 2020