Cryptocurrency Q&A
What is the PayPal 5% transaction fee?
What is the PayPal 5% transaction fee?
TaekwondoMasterStrength
Tue Apr 08 2025
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5
answers
1013
I am trying to understand PayPal's transaction fees. Specifically, I want to know what the 5% transaction fee is all about. Could someone explain this to me?
5 answers
Martina
Thu Apr 10 2025
Conversely, there is also a cap on the fees that can be charged. PayPal will not exceed $4.99 as a fee for sending money to another PayPal account.
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Lorenzo
Thu Apr 10 2025
PayPal implements a fee structure when users send money directly to another PayPal account.
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Marco
Thu Apr 10 2025
This fee is calculated as a percentage of the transaction amount. Specifically, PayPal charges 5% of the total sum being transferred.
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ChristopherWilson
Thu Apr 10 2025
There is a minimum fee applicable to these transactions. Regardless of the transaction amount, users will be charged at least $0.91.
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CharmedSun
Wed Apr 09 2025
This fee policy ensures that PayPal can cover its operational costs while also providing a relatively low-cost option for users to transfer funds. It balances affordability and convenience.
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