PayPal fee calculator

PayPal fees can vary depending on factors like the transaction amount, currency, and type of transaction (e.g., goods and services, personal payment, etc.).

Ian Hawkins

Page written by Ian Hawkins. Last reviewed on July 8, 2024. Next review due April 1, 2025.

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This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.

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PayPal fee

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What is PayPal?

PayPal is a widely-used online payment system that allows you to pay for items, send money, and accept payments without needing to reveal your financial details. Whether you’re shopping online, splitting a bill, or running a business, PayPal makes transactions simple and secure.

PayPal account types:

There are two main types of PayPal accounts: 
Personal account: A Personal account is great for individuals who shop online or send money to friends and family.
Business account: A Business account, on the other hand, is tailored for merchants and business owners who need to accept payments online and manage their business transactions. Learn about how to set up a business PayPal account. 

How much are PayPal fees?

PayPal fees can vary depending on the type of transaction. For domestic transactions in Canada, the fee is typically a percentage of the transaction amount plus a fixed fee. For example, receiving money for goods and services usually incurs a fee of 2.9% + $0.30 CAD. International transactions, currency conversions, and other factors can also affect the fees.

PayPal conversion fees

When you receive or send money in a currency different from your primary currency, PayPal charges a currency conversion fee. This fee is usually a percentage of the transaction amount and is added to the exchange rate. For Canadian users, this fee is typically around 3-4%.

PayPal transfer fees

Transferring money from your PayPal account to your bank account in Canada is usually free if you’re using a standard transfer. However, if you need an instant transfer, there’s a fee of 1% of the amount being transferred, with a maximum fee of $10 CAD.

PayPal fees for consumers in Canada

For PayPal consumers in Canada, using it is mostly free for sending money to friends and family within Canada when using your PayPal balance or a linked bank account. However, if you’re using a credit or debit card, there is a fee of 2.9% + $0.30 CAD.

PayPal fees for sellers in Canada

Sellers in Canada pay a fee when they receive payments for goods and services. This standard fee is 2.9% + $0.30 CAD per transaction. For international sales, the fee is higher to account for cross-border and currency conversion costs.

Read more about PayPal’s merchant fees here. 

What is PayPal fee calculator?

Swoop’s PayPal fee calculator is a handy tool that helps you quickly determine the fees you’ll incur when receiving payments through PayPal. By entering the transaction amount, the calculator breaks down the fee structure so you can understand how much you’ll receive after fees are deducted.

How to calculate PayPal fees

  1. Identify Transaction Amount: Determine the total amount of the transaction before fees.

  2. Determine PayPal’s Fee Percentage: PayPal charges a fee based on a percentage of the transaction amount plus a fixed fee. However, these fees can change, so make sure to check the latest fee structure on PayPal’s official website.

  3. Calculate PayPal’s Fee: Multiply the transaction amount by the percentage fee and add the fixed fee.

Why does your business need a PayPal fee calculator?

Using a PayPal fee calculator can help your business manage costs more effectively. By knowing the exact fees beforehand, you can price your products or services more accurately and avoid unexpected deductions from your revenue. It’s an essential tool for budgeting and financial planning, ensuring that you maintain healthy profit margins.

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