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PayPal Digital Wallet
in Money Transfer Services from PayPal Inc
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PayPal Digital Wallet

Claimed
in Money Transfer Services from PayPal Inc
SuperMoney Net Recommendation Score +54  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +54, equating to 4.1 on a 5 point rating scale.

+54

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

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Highlights
Community Rating Strongly recommended
Minimum Transfer $1
Transfer Speed (days) 0 days
Processing Fee Range ($) N/A
Processing Commission Starting at 2.9%
Number of Reviews 76

PayPal Digital Wallet Review

PayPal is a money transfer service company based in San Jose, CA. It was founded in 1999 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 (vary by country):

How much money can you send with PayPal?

PayPal does not have a minimum transfer amount.

The maximum amount you can send per transfer is $25,000, but this may vary per country.

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 $30 for the service.
PayPal Digital Wallet Fees
Description
International Transfer Fee Up to 5%
International Transfer Fee ($) $0.99 - $4.99
Foreign Currency Transaction Fee 3%
Processing Commission Starting at 2.9%
PayPal does not charge a fee to send money to Mexico. 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.

PayPal does not charge a fee to send money to India. 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.

PayPal does not charge a fee to send money to the Philippines. 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.

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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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.

Feature Breakdown

Foreign Currency Transaction Fee 3%
Processing Commission Starting at 2.9%
Maximum Amount to Transfer $25,000
Account Features Mobile Check Deposit
Mobile Transfer
Payment Options
  • Check by mail
  • Credit/Debit Card
  • Bank Transfer
Transfer Speed 0 days
Transfer Methods Personal

PayPal Digital Wallet Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +54, equating to 4.1 on a 5 point rating scale.

+54

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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