How much is friends and family international fee?

Friends and Family International Fee: Understanding the Costs

PayPal’s Friends and Family feature allows users to send and receive funds without incurring recipient fees. However, it’s important to note that currency conversions initiated by the sender may result in additional charges.

Who Pays the Fee?

In such cases, the sender is responsible for any extra costs associated with the currency conversion. These fees are not borne by the recipient.

Factors Determining the Fee

The amount of the fee varies depending on two factors:

• Currency Conversion Rate: The prevailing exchange rate at the time of the transaction determines the conversion charge.
• Sending Currency: Fees can differ based on the currency being sent from the sender’s account.

Specific Fee Information

The specific amount of the fee cannot be stated categorically as it fluctuates with market conditions. PayPal provides real-time estimates of these fees based on the current currency conversion rates.

Avoiding Currency Conversion Fees

To avoid these fees, senders should consider sending funds in the recipient’s local currency. This can be done by selecting the appropriate currency from the drop-down menu when initiating the transaction.

Other Considerations

It’s important to note that PayPal’s Friends and Family option is intended for personal use only. Using this feature for business transactions may incur additional charges.

Additionally, senders should be aware that the currency conversion rate used by PayPal may differ from other currency exchange services. It’s advisable to compare exchange rates before sending funds to ensure the best value.

By understanding the potential fees associated with using PayPal’s Friends and Family option, senders can make informed decisions and minimize any additional costs.