What are the currency conversion fees in Australia now?

What are the currency conversion fees in Australia now?

You can buy anything with PayPal online all free unless it involves a currency conversion. This includes funding your online casino with paypal at Australian  friendly online casino to play pokies in real AUD. But if you opt to play at an online casino that doesn’t accept your own native currency but some other currencies like Euros, USD or BTC then you obviously need to pay some fees  for currency conversion.

The currency conversion fees is updated regularly by Paypal. Infact Exchange rates are updated every day. The exchange rate applicable to your payment will be specified at the time of a currency conversion.

To check the currency conversion rate:

  • Go to Wallet.
  • Below your ‘Balance’, click Currency calculator. PayPal’s current exchange rate is shown below the currency selections area.

To convert a currency balance:

  • Go to Wallet.
  • Next to the currency you want to convert, click the three vertical dots.
  • Select Convert currency from the options shown. PayPal’s current exchange rate is shown below the currency selections area.

Many international sellers accept Australian dollars. If you’re buying from one that doesn’t, Paypal can convert the currency for you.

To US or Canadian dollars4% above the exchange rate
To all other currencies4% above the exchange rate
Within your PayPal account (not as part of a purchase) to any currency3% above the exchange rate

Sending money to friends and family.

Your PayPal account and app give you faster, easier and more secure ways to send money around the world.

Within Australia

It’s free to send Australian dollars to friends in Australia when you use your PayPal balance or linked bank account. There’s just a 2.6% + $0.30 fee on any portion funded by your credit or debit card.

Sending to other countries

If you are an Australian account holder sending money to a friend or family member with a PayPal account in a country other than Australia, the fee you pay depends on the payment method used and the amount you are sending.

Payment Method:Fees 
Transaction FeeFunding Fee
Funded by your PayPal balance or Australian bank account5% of the send amount with a minimum of $0.99 AUD a maximum of $5.99 AUDNo funding fee
Any portion funded by a credit or debit card5% of the send amount with a minimum of $0.99 AUD a maximum of $5.99 AUD2.6% of the transaction amount funded this way plus a fixed fee based on currency

Personal Payment Fixed fees for sending in other currencies.

Australian Dollar:0.30 AUD
Brazilian Real:0.60 BRL
Canadian Dollar:0.30 CAD
Czech Koruna:10.00 CZK
Danish Krone:2.60 DKK
Euro:0.35 EUR
Hong Kong Dollar:2.35 HKD
Hungarian Forint:90 HUF
Israeli Shekel:1.20 ILS
Japanese Yen:40 JPY
Malaysian Ringgit:2.00 MYR
Mexican Peso:4.00 MXN
New Zealand Dollar:0.45 NZD
Norwegian Krone:2.80 NOK
Philippine Peso:15.00 PHP
Polish Zloty:1.35 PLN
Russian Ruble:10 RUB
Singapore Dollar:0.50 SGD
Swedish Krona:3.25 SEK
Swiss Franc:0.55 CHF
Taiwan New Dollar:10.00 TWD
Thai Baht:11.00 THB
U.K. Pounds Sterling:0.20 GBP
U.S. Dollar:0.30 USD
PayPal fees in Australia

If you pay in a foreign currency using your credit card through PayPal

When paying in a different currency with your credit card, you have two options for the currency conversion:

  • Use PayPal’s conversion process: Paypal will complete your transaction using your card’s currency.
  • Use the credit card issuer’s conversion process: PayPal will debit the amount from your card in the currency determined by the seller.
  • You can see these conversion options by clicking View conversion rates on the payment page.

If PayPal performs your currency conversion, you’ll be notified of the conversion rate at the time of the transaction.

If you choose to use your card issuer’s currency conversion procedures, you won’t know the conversion rate. You’ll only see the foreign exchange rate or any additional foreign exchange fees until you receive your card statement.

If you use an American Express card, you don’t have the option to use PayPal’s conversion process. American Express takes care of the conversion.

PayPal charges the recipient a transaction fee for each payment they receive. Additional fees may apply for cross-border transactions, foreign currency conversions and other transactions.

If you are a businessman selling something and get paid with PayPal there are no set-up or cancellation fees, and no lock-in contracts. But there are Transaction fees.

Payment typeAustralianInternational
Online payments2.6% + $0.303.6% + fixed fee
Website Payments Pro – Hosted Solution1.75% + $0.303.6% + fixed fee
Invoices2.6% + $0.303.6% + fixed fee
PayPal Here card reader1.95%1.95%
PayPal Here – manual entry2.9% + $0.302.9% + fixed fee
Virtual Terminal3.6% + $0.304.6% + fixed fee
Donations1.1% + $0.302.1% + fixed fee
Facebook Comments
VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)