12/29/2023 0 Comments Paypal fees send money to friend(The exchange rate margin for these payments is 4.4% for transfers from the US to Canada.) Other Fees to Anticipate However, if you're sending money from the US to a business or non-profit in Canada, or if you receive payment using the 'Request Payment' tab, then you'll be subject to a CAD 0.30 fixed fee in addition to the exchange rate margin. If you're sending money to the PayPal account of somebody else in a different currency, you won't pay any fixed transaction fees over and above the exchange rate margin we explored above. PayPal Foreign Transaction Fees: US to Canada In effect, this means that for every USD 1,000 you transfer to Canada, PayPal will convert only around USD 966.50 of that amount into Canadian dollars at the actual exchange rate. However, according to our analysis of the exchange rate that PayPal displays on its pricing calculator for USD/CAD transfers compared to the mid-market exchange rate, PayPal's exchange rate margins are still higher, in the region of 3.35% of the transfer value. the one you see on Google) and the exchange rate that PayPal offers.Īccording to PayPal's fee schedule, this fee constitutes a margin that's 3% above the mid-market rate. In most cases, all fees PayPal will charge you when sending money from the US to Canada will come in the form of the exchange rate margin, the difference between the mid-market exchange rate (i.e. This is because of the highly variable, nontransparent fees and exchange rates that you'll be charged. PayPal US to Canada Fees and Exchange RatesĪll things considered, sending money from one PayPal account to another is one of the most expensive ways to transfer into a different currency.
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