How much does Paypal charge the UK? / How much does PayPal charge to receive money in the UK?

02 Jan 2023

In addition to merchant fees, you will incur PayPal fees if you receive payments from a different country or currency. PayPal adds a markup to the exchange rate used to convert your money back to pounds, so when you withdraw your PayPal balance, you may receive less than you expected. So, How much does Paypal charge the UK?

What are Paypal fees in the UK?

The fee is waived if you send money using PayPal funds, PayPal Cash, or a bank account linked to PayPal. If you pay with a debit or credit card, or with PayPal Credit, you must pay a fee of 2.9% + a fixed fee, depending on the currency.

If you sell to customers in other countries and receive payment in a currency other than the default currency of your PayPal merchant account, you will be charged a currency conversion fee.

This fee is applied as a markup on the exchange rate, or, as PayPal refers to it, the "transaction rate," and it amounts to 2.5% of the transaction value.

For example, if the EUR/GBP base rate is 0.9036, the transaction rate will be 0.8810 (rate * 0.975).