Paypal Fee Calculator UK

Fee: £00.00
Receive: £00.00

PayPal, a widely used online payment platform, offers a range of services for individuals and businesses to send, receive, and manage payments. However, utilizing these services often incurs fees, varying based on transaction types. For users in the UK, comprehending these fees is crucial for informed financial decisions.

Why is PayPal charging me a fee to receive money?

  • Commercial transactions: When you receive payments for goods or services (business transactions). Fees are based on transaction amount and range from 2.9% + £0.30 to 3.4% + £0.30.
  • International transactions: Sending or receiving money between different countries has a fixed fee + percentage-based fee. Check the "Fees" section on the specific currency exchange page for details.
  • Currency conversion: Converting currency incurs a 4.5% fixed fee on top of the exchange rate markup.

How much is the PayPal goods and services fee?

As mentioned above, the fee for commercial transactions (goods and services) is 2.9% + £0.30 to 3.4% + £0.30. The exact percentage depends on the transaction amount.

How much is the PayPal seller fee?

PayPal considers commercial transactions (selling goods and services) as sellers, so the fees range from 2.9% + £0.30 to 3.4% + £0.30.

Why does PayPal charge a fee?

PayPal charges fees to cover their operational costs, fraud prevention, and other service expenses. They provide a convenient and secure platform for online transactions, and these fees help maintain their services.

How much is the PayPal inactivity fee?

There is no specific inactivity fee in the UK. However, if you haven't logged in to your PayPal account for 12 months or more, they may charge a currency conversion fee for any remaining balance.

How to avoid PayPal fees?

  • Personal payments: Sending money to friends and family with personal accounts (no goods or services involved) is usually free.
  • Reaching fee thresholds: For businesses, exceeding certain transaction volume thresholds can qualify for lower fees.
  • Alternative payment methods: Consider cheaper or fee-free alternatives like bank transfers or direct card payments (depending on the situation).
When making or receiving payments through PayPal, it's crucial to factor in these fees to understand the net amount you'll receive or pay. The fee calculation is based on the transaction type and amount involved, with some fees being flat rates and others a percentage of the transaction.

Make sure to consider these fees when budgeting for transactions, especially for larger amounts or frequent transactions, as they can impact the overall cost or earnings significantly.

Always refer to PayPal's official documentation or contact their support for the most up-to-date and accurate fee structures, as they might be subject to change over time.