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Does PayPal charge annual fees

No, there is no annual fee to open or maintain a personal or business account with this online payment service, and downloading its app is also free.

While a PayPal account carries no yearly membership cost, charges do apply to certain transactions and services. These are the main ones to check:

  • Receiving payments: A fee applies when you accept money for goods and services. Domestic sales are often charged around 3.49% plus a fixed amount, and international sales cost more.
  • Currency conversion: A percentage markup is added whenever your balance is converted from one currency to another.
  • Instant transfers: Moving funds instantly to an eligible card costs a small fee, while standard transfers to a bank account are generally free.

Fees differ between personal and business use and between domestic and international payments, so review the full fee breakdown on the official support page for your country before accepting payments.

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