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Last Updated: 02/23/2026

PayPal Digital Wallet

in Money Transfer Services from PayPal Inc

Last Updated: 02/23/2026

Strongly recommended79 total votes

59 users recommend

7 users are unsure

13 users don't recommend

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Highlights

Community Rating

Strongly recommended

Minimum Transfer

Transfer Speed (days)

Processing Fee Range ($)

N/A

Processing Commission

Starting at 2.9%

Number of Reviews

PayPal Digital Wallet Review

PayPal is a money transfer service company based in San Jose, CA. It was founded in 1998 and offers money transfers to over 200 countries.

PayPal FAQ

What money transfer methods does PayPal support?

PayPal allows you to send money with the following receive options (options vary by receive country):

How much money can you send with PayPal?

Sending limits vary depending on factors such as how the sender is funding the transaction, how the recipient is receiving the money and the destination country or territory. Check the limits that apply to a particular transfer on PayPal Digital Wallet's website.

What fees and commissions does PayPal charge?

PayPal does not charge a flat processing fee. Instead the cost varies depending on the amount you transfer.
There is a processing commission of 2.9%. For example, on a $1,000 transfer you will pay around $29. This is just an estimate there may be other fees and commissions to consider.
If you transfer money to a different currency, PayPal will charge a 3% fee. To illustrate, if you want to send $1,000 and convert it into euros, you will have to pay a $30 for the service.

PayPal Digital Wallet Fees

Description

Foreign Currency Transaction Fee

Starting at 3%

Processing Commission

Starting at 2.9%

PayPal does not charge a fee to send money to Mexico. However, remember that money transfer companies usually make money on the exchange rate so check the rate you receive to calculate the overall cost of the transaction. PayPal does not charge a fee to send money to India. However, remember money transfer companies usually make money on the exchange rate so check the rate you receive to calculate the overall cost of the transaction. PayPal does not charge a fee to send money to the Philippines. However, remember money transfer companies usually make money on the exchange rate so check the rate you receive to calculate the overall cost of the transaction. PayPal does not charge a fee to send money to China. However, money transfer companies usually make money on the exchange rate so check the rate you receive to calculate the overall cost of the transaction.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message from PayPal

Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s 325 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.

With ways to shop, pay and chip-in, we're here for you. Across the table or around the globe, we make it simple to transfer money to anyone who uses PayPal. Our advanced search makes it easy to find and know who you’re sending money to. If they don’t have an account with PayPal, it’s easy to open one. It’s easy for anyone using PayPal to securely send money to your account with PayPal. Share your unique PayPal.me link or QR code to make it even easier.

Contact

Headquarters

2211 N First St

San Jose, CA 95131

(800) 472-9725

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