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Business to transfer 10,872 Egyptian Pounds-£500 to my Paypal. What are the fees for this transfer?

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Marco12343
Contributor
Posted on

Paypal is NOT transparent with their fees so I need to know exactly what to expect from this transfer.

 

Thanks for your support 🙂

 

Kind regards

 

3 REPLIES 3

Business to transfer 10,872 Egyptian Pounds-£500 to my Paypal. What are the fees for this transfer?

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sharpiemarker
Esteemed Advisor

@Marco12343 

 

https://www.paypal.com/uk/webapps/mpp/merchant-fees

 

Click Commercial Transaction Rates in the Merchant Fee menu.

 

Take the “Standard rate for receiving domestic transactions”: 2.90% + 30p

 

Then add the % based on country the payment is coming from:

 

2.00% for Egypt (rest of the world)


See list under “Additional percentage-based fee for international commercial transactions” section.

 

So your fee rate would be 4.90% + 30p if receiving GBP currency.


Kudos & Solved are greatly appreciated. 🙂

Business to transfer 10,872 Egyptian Pounds-£500 to my Paypal. What are the fees for this transfer?

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Marco12343
Contributor

Thanks for responding @sharpiemarker appreciate the answer 🙂 

Business to transfer 10,872 Egyptian Pounds-£500 to my Paypal. What are the fees for this transfer?

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Marco12343
Contributor

@sharpiemarker Last stupid question:

 

What info do I need to give the sender who's based in Egypt?

 

My Paypal email address?

They're also asking for my bank IBAN, is that needed?

 

Kind regards and many thanks for your help.

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