Does PayPal have exchange fees

Yes, PayPal charges exchange fees when converting currency. PayPal's currency conversion typically adds a markup of 3% to 4% above the mid-market rate, plus transaction fees that vary by country and payment type. These costs can add up quickly for freelancers and exporters receiving international payments regularly.

If you're looking to avoid steep currency conversion fees, Skydo offers a more cost-effective alternative for Indian exporters and freelancers. As an RBI-authorised platform, Skydo provides transparent pricing with significantly lower markups on foreign exchange and faster settlement times, helping you keep more of what you earn from cross-border transactions.