How Much PayPal Charges
How to send money through PayPal

How Much PayPal Charges

How Much PayPal Charges

How Much PayPal Charges

Just like with a regular bank account or credit card company, it’s important to read the fine print.  How much is this service going to cost you just to have? Unfortunately for you, this is a question that has a very complicated answer.  There are multiple answers depending on what services you are using PayPal for. I’ll break down some of the most common uses of PayPal and any fees they have below.

How Much It Charges

PayPal does not charge you to hold money in your account, nor does it charge you to take money out of your account. There are no maintainence fees for a personal PayPal account, though I cannot say the same for a business account. Transferring money from one account to another has no fees if it is your bank/PayPal account.   This applies as long as the same currency is used. If you change currencies, with or without a transfer, you could incur a fee for the exchange. If you allow a transfer to be done by standard time, there is no fee; there is, however, a fee if you want to do an instant transfer.

Getting money from someone else has a fee, usually a small one, but still a fee that is taken out of whatever the other party sends you. Giving money to another does not take a fee from your account, but a fee is taken out of the amount you send so the person you give money to will receive less than what you originally intended to send.

Lastly, there is a new feature to personal PayPal accounts – the PayPal Cash Card! It works like a debit card, and cannot be overdrafted. There are no fees to have the card, no fees to have money transferred to the card in the same way one would a bank account unless it is an instant transfer, and no fees to use the card. There are fees for taking money out of the card through at ATM, but that depends entirely on the fee the ATM charges.

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