Paypal Transfer Limits, Fees And Delivery Time

Author

Felix

March 26, 2024

PayPal is an online payment platform with over 400 million active users. Here, we explore its transfer limits, fees and delivery time. We also look at how Pesa can help you handle international money transfers in minutes.

Paypal Transfer Fees in the United States

Sending money within the United States through PayPal is fee-free for both the sender and recipient, as long as both parties have PayPal accounts. However, the funds must come from PayPal Cash, PayPal Cash Plus, or a bank account linked to the PayPal account.

Fees only apply on PayPal transactions in specific situations: when money is sent from a linked credit or debit card, for international transfers, or when collecting payments as a merchant or vendor. Suppose the funds originate from a credit card, debit card, or PayPal Credit In case of transactions. In that case, the platform applies a fee of 2.9% of the transaction amount plus an additional 30 cents.

PayPal Transfer Fees in Canada

PayPal fees for sending money internationally from Canada depend on your funding source (balance/bank vs. credit/debit) and recipient location. Fees range from CAD$2.99 to CAD$4.99, with additional charges of 2.5% to 4.9% for currency conversion and markups. Credit/debit cards incur an extra 2.9% fee + a fixed currency-based fee.

Paypal Transfer Fees in the UK

2.9% of the transaction value if the recipient is based in the UK.
3.4% of the transaction amount if the recipient lives in Romania, Bulgaria, Greece, Latvia, San Marino, Cyprus, Liechtenstein, Slovakia, Czech Republic, Hungary, Lithuania, Slovenia, Estonia, or Malta.

PayPal Transfer Fees in the Philippines

Sending with PayPal balance/bank: PHP 5.99 fixed fee.
Sending with credit/debit card: PHP 2 fixed fee + 2.90% commission.

PayPal Transfer Fees for the rest of the World

If you choose to transfer money using your linked bank account or PayPal balance, a fee of 5% of the transfer amount will be charged, ranging from $0.99 to a maximum of $4.99. Alternatively, you can transfer money using your linked credit, debit card, or PayPal credit. In this case, the fee will also be 5% of the transfer amount, with the fee ranging from $0.99 to a maximum of $4.99; along with the transaction amount, an additional charge of 2.9% will be applied, as well as a fixed fee based on the which currency is used.

What is PayPal Delivery Time?

A typical PayPal transfer typically takes around 1-3 days to reach your bank account. But you might have funds in your PayPal balance. In that case, you can opt for instant transfers, allowing you to move your money to your bank or debit card in as little as 30 minutes for an additional fee.

Maybe you've sold something online and received payment via PayPal, or a friend sent you money through PayPal to split a bill. If you need to quickly withdraw the funds to your bank account, an instant transfer might be the most suitable choice.

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Send money to family or settle payments faster with Pesa.

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What are PayPal Transfer Limits?

Verified accounts don't have an overall limit on how much they can send. Still, individual transactions are typically capped at $60,000, with some limited to $10,000. If your account isn't verified, you can send a one-time payment of up to $4,000. These vary depending on your account type, verification status, and transaction history. The PayPal app will clearly show your limits and notify you if you ever reach them. While this may vary, here's a breakdown of a typical limit

What is Paypal Withdrawal Fees?

For quicker withdrawals, you can opt for PayPal instant transfer, which incurs a fee of 1.75% of the withdrawal amount plus an additional $0.25 to $25. On the other hand, PayPal standard transfer is free to arrange but typically takes 1 to 3 days to process.

PayPal Exchange Rates

PayPal applies a 4% exchange rate markup when arranging international transfers or converting currencies within your account. This markup acts as a fee, but it might not be obvious.

Skip the hassle and high costs of international money transfers with Pesa.

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Save Money: Pesa zero transfer fees means more money reaches your loved ones
Fast and Secure: Transfers are typically completed in minutes, and robust security measures protect your financial information.
Flexible and User-Friendly: Manage multiple currencies within your Pesa wallet, sending, receiving, or holding them as needed.
Responsive Support: Need help? You can always contact our customer support team.

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