How much does PayPal charge for payments
PayPal charges 2.99% to 3.49% plus a $0.49 fixed fee for most US online business payments, while domestic personal payments funded by balance or bank are usually free.
For business sales under the Goods and Services option, the seller pays the fee and a standard account has no monthly subscription. US domestic rates depend on how the buyer pays:
- PayPal Checkout and Venmo: 3.49% plus $0.49 per transaction.
- Standard credit and debit cards: 2.99% plus $0.49 per transaction.
- Advanced card processing: 2.89% plus $0.29 per transaction.
- QR code and in-person payments over $10: 2.29% plus $0.09 per transaction.
- PayPal Pay Later: 4.99% plus $0.49 per transaction.
- Invoicing: 3.49% plus $0.49 per transaction.
Personal payments to friends and family follow separate PayPal pricing:
- Domestic personal transfers: Sending within the US is free when funded by a PayPal balance or linked bank account, while card funding adds 2.9% plus a fixed fee.
- International personal transfers: PayPal charges 5% of the amount, with a minimum of $0.99 and a maximum of $4.99, whatever the payment method.
Businesses accepting payments from other countries face extra layers on top of the base rate:
- International surcharge: An additional 1.50% applies to cross-border business transactions.
- Currency conversion markup: When a currency is converted, PayPal applies a markup of roughly 3% to 4% above the mid-market exchange rate.
Moving a PayPal balance to a bank account also has its own costs:
- Standard transfer: Usually free, with funds arriving in 1 to 3 business days.
- Instant Transfer: Costs 1.75% of the amount sent to a debit card or bank account, with a minimum fee of $0.25 and a maximum of $25.