How Much of a Fee Does PayPal Charge?
PayPal charges 2.9% + $0.30 for most domestic business transactions. International transactions have higher fees, around 4.4% + a fixed fee based on the currency.
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For personal transactions in the US, PayPal charges no fees if you use your PayPal balance or linked bank account. For credit or debit card payments, it's 2.9% + $0.30 per transaction.
Pro-tip: Always double-check PayPal's fee schedule on their official site because fees can change and might vary based on your specific transaction.
Sending money to friends in the US is free if you use your PayPal balance or a linked bank account. Otherwise, you'll get hit with a 2.9% + $0.30 fee for card payments.
Hot take: If you don't want to deal with fees, use bank transfers or other free methods. PayPal's convenience comes at a price!
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