PayPal is an all-in-one electronic wallet and payment facility that allows users to send and receive funds online or in person. It also facilitates payment using credit cards, debit cards, Venmo, Google Pay, and Apple Pay. In this article, we cover PayPal reviews and pricing. Ready to get started? Sign up for free.
PayPal pricing for sending and accepting payments depends on the transaction type and currency used. United States online transactions are charged $0 to 30 cents + 2.2% to 2.9% per transaction. International online transactions are charged 4.4% per transaction, plus a fixed fee. Sending money is charged 0% to 5%, plus a fixed fee.
U.S. Transaction Fees
International Transaction Fees
15 cents to 30 cents + 2.2% to 2.9% per sale
4.4% + fees
0% to 2.9% + fees
5% + fixed fee
*For donations to eligible charities, PayPal offers reduced transaction fees amounting to 30 cents + 2.2% per transaction. Selling using the PayPal card reader, meanwhile, is charged 2.7% for swiped transactions and 15 cents + 3.5% for transactions entered manually.
PayPal also allows users to transfer balance from their PayPal accounts. Standard transfers to linked bank accounts are not charged any fee. Instant transfers to an eligible linked debit card or bank account are charged 1% of the amount transferred, capped at $10.
PayPal does not charge any startup, termination, or monthly fees. For recurring billings, there is a monthly fee of $10 per month. For advanced fraud protection services, there is a fee of $10 per month plus $0.05 per transaction.
Ready to get started with PayPal? Sign up for free.
Top Payment Gateway Providers 2019
Summary of Positive PayPal Reviews
Users who gave positive PayPal reviews online commented that it is a convenient and secure way of transferring money or making payments online. Users commented that it is widely accepted and that it allows for easy transfer of money. They liked its simple interface, saying that it is easy to use. They also expressed high regard for its fraud protection features.
One user who gave a positive PayPal review on G2 said that it is a secure online payment system. He added that it allows him to integrate valid credit cards into the system and conveniently pay for any service, send money, and make transactions with different online users around the world.
Summary of Negative PayPal Reviews
Users who gave negative PayPal reviews online said that it can get costly to use the service because it does not have stable rates. They also complained that its policies are a bit strict. Users also reported that its customer support is not reliable because it is difficult to get in touch with them.
One user who gave a negative PayPal review on G2 commented that is a bit costly for businesses, especially when it comes to international transfer fees. He also reported that if suspicious activities are detected in an account, it freezes the account and money without warning, which can result in a lot of difficulties.
Top Payment Gateway Pick From Fit Small Business
Best Payment Gateway for Small Business: Payment gateways are the middlemen that connect your ecommerce shopping cart to your payment processor to enable online credit card payments. Read on to find out which of these options is best for your business in terms of security, ease-of-use, payment processing options, and price.
Check out the list below of some of PayPal’s features:
- Checkout conversions
- Seller protection
- Customer support
- No setup or cancellation fees
- Expand to new markets
- Add payment button to your site
- Custom checkouts
- And more
Can I use PayPal for foreign currency transactions?
PayPal allows users to receive money in more than 100 currencies and to withdraw funds in 56 countries. It also allows users to hold payments in their PayPal accounts using 25 currencies.
Can I link my current credit card to my PayPal account?
Users can add their credit cards to their PayPal account simply by signing in to their accounts, going to Profile, and clicking Add/Edit Credit card. Users can add multiple credit cards to their accounts. However, for security purposes, a credit card can only be linked to one PayPal account at a time.
Here is a list of some of PayPal’s popular integrations: