PayPal lets you set up an account for free, and most basic transactions, like sending and receiving money using your PayPal balance, aren’t charged. However, PayPal might charge a fee depending on the type of activity. Here’s what you need to know about PayPal fees and how much they are. Show Read more: Everything you need to know about PayPal QUICK ANSWER Yes, PayPal has fees depending on the type of transaction. However, setting up an account and most basic transactions are free, especially if you're using your PayPal balance. JUMP TO KEY SECTIONS
Does PayPal charge a fee?Ankit Banerjee / Android Authority You can open a PayPal account and download the mobile app for free. PayPal also doesn’t charge a fee if you send or receive money for personal transactions using your PayPal balance or linked bank account. You will be charged a fee if you receive money from outside your country, if currency conversion is required, or if you send a personal payment using a linked debit or credit card. The fees also change depending on whether you have a consumer/personal PayPal account or a merchant/seller account. How much are PayPal fees?Ankit Banerjee / Android Authority If you have a consumer/personal PayPal account
Check out the PayPal personal account fees page for a complete breakdown of the fees PayPal might charge you. If you have a PayPal merchant/seller account:
You can find out more on PayPal’s merchant fees page. Read more: How to receive money on PayPal from friends, family, and customers FAQsWhy is PayPal charging me a fee? PayPal charges a fee depending on the type of transaction. However, it won’t charge a fee for most domestic transactions. What is a PayPal transaction fee? PayPal transaction fees are the fees you pay mentioned in the commercial transaction rates section above. This fee is only if you have a PayPal merchant/seller account. What is a PayPal goods and services fee? Any product or transaction under the goods and services category will be charged this fee. For domestic transactions, PayPal charges 2.89%. Does PayPal charge a fee for friends and family? PayPal doesn’t charge a fee if you send or receive money from friends and family when using your PayPal Balance or linked bank account. There is a 2.9% fee if you send funds from a linked debit or credit card. How do I avoid PayPal fees? Changing the way you transact could help you reduce PayPal fees. Opt for bank transfers that aren’t instant and don’t use your debit card or credit card to send funds. You can get a PayPal debit card if you want immediate access to your balance. How do I avoid PayPal fees?Wire Transfer through Fee-Free Banking Instead
PayPal isn't the only way to collect funds from your clients or customers. If you want to completely avoid PayPal fees, the only real way is to forgo PayPal altogether and opt for a fee-free bank account instead.
Why is PayPal charging a fee for friends and family?F&F is intended for paying your friend back for dinner, for example, or giving your kid some birthday money — you know who's receiving the funds and what you're paying them for. There's typically no fee involved, but it also drops protections for issues that might come up, like refunds or scams.
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