Fees

[VimalP1]

Hi Guys, I am new to paypal. I receive pounds each week from the UK to South Africa. On average about £450 per week. Can someone tell me what fees I should expect to incur. currently, I receive directly into my bank account, which costs about +/- £40, therefore I am exploring using paypal, expecting it to be a cheaper option. I would appreciate some help. Thanks!

[sharpiemarker · Accepted solution]

@VimalP1 

Fees Chart:

https://www.paypal.com/za/webapps/mpp/ua/useragreement-full#exhibit_A

Commercial Payments Fees (Standard - Domestic)

3.4% + £0.20 GBP

Commercial Payments Fees (Standard - Intl)

4.4% + £0.20 GBP

Currency conversion that occurs when sending a Personal or a Commercial Payment or receiving a refund beyond 1 day of the date of the original payment:

4.0 %

Currency conversion that occurs when receiving other payments (including Mass Payments or Payouts), withdrawing funds to your local bank account (if your PayPal balance is held in a currency other than your local currency), adding funds from a bank account to your PayPal account or when transferring funds between your PayPal balances held in different currencies (as applicable):

3.0%