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Does +1(855) 852-0124 PayPal charge a fee for sending money abroad?


rosedsouza

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Yes, PayPal does charge fees for sending money internationally. These fees can include a transaction fee, which is a percentage of the amount sent, and a currency conversion fee if the transaction involves a currency exchange. 
 
Here's a breakdown of the fees:
  • Transaction Fees:
    For personal payments, PayPal charges a percentage (typically 5%) of the transaction amount, with a minimum fee of $0.99 and a maximum fee of $4.99, according to PayPal's fee structure. 
     
  • Currency Conversion Fees:
    If the recipient's currency is different from the sender's, PayPal adds a currency conversion fee, which is usually around 3-4% above the base exchange rate, according to Tipalti. 
     
  • Cross-border Fees:
    These fees are charged for international transactions and are either paid by the sender or the recipient, depending on the sender's choice. 
     
Factors Affecting Fees:
  • Payment Method: Fees can vary depending on how you fund the payment (e.g., PayPal balance, bank account, or credit card). 
     
  • Transaction Type: Different types of transactions (personal, business, etc.) may have different fee structures. 
     
  • Location: Fees may vary based on the sender and recipient's locations. 
     
To avoid or minimize fees:
  • Consider using other services like Wise (formerly TransferWise) that offer more competitive exchange rates and lower fees. 
     
  • If possible, send money using your PayPal balance or a bank account, as these may have lower fees than using a credit card, says Wise. 
     
  • Be aware of the currency conversion fees and compare them to the mid-market exchange rate. 
     
 
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