![]() ![]() 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. For a complete listing of PayPal market codes, please access our Market Code Table.PayPal is one of the most commonly-used online money transfer platforms among Canadians and consumers across the globe. Market Code Table: We may refer to two-letter market codes throughout our fee pages. For a listing of our groupings, please access our Market/Region Grouping Table. Certain markets are grouped together when calculating international transaction rates. International: A transaction occurring when the sender and receiver are registered with or identified by PayPal as residents of different markets. Domestic: A transaction occurring when both the sender and receiver are registered with or identified by PayPal as residents of the same market. To the extent there is any inconsistency between this page, and the CFSGPDS, the latter will prevail. All information regarding fees for Australian customers is available in our Combined Financial Services Guide and Product Disclosure Statement (CFSGPDS). You can also view these changes by clicking ‘Legal’ at the bottom of any web-page and then selecting ‘Policy Updates’. ![]() ![]() You can find details about changes to our rates and fees and when they will apply on our Policy Updates Page. Download printable PDF Last Updated: 01, January 2023 ![]()
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