How long does international paypal transfer take

In such circumstances, all you can do is try to understand why your bank transfer is delayed instead of continuously attempting to make the payment or transaction again, which can cause further delay. 

How long is a bank transfer supposed to take?

Most bank transfers should be processed immediately.

However, some bank transfers can take up to two hours, overnight or even the next business day.

The duration of a bank transfer to be successfully made often depends on a number of factors, due to which your transaction can be delayed.

This includes the timing of the transfer, where the transfer is being made, the currencies involved, security checks, bank holidays, and the reasons for the transaction.

1. Global events and natural disasters

Global events and natural disasters such as the Covid-19 pandemic, floods, and earthquakes can lead to delays in international bank transfers.

The delays are usually due to limited staff and changing working arrangements, including other unforeseen circumstances which disrupt the transfer process.

Here, the best thing you can do is continue to ask your bank for updates on your transaction.

2. Bank holidays

It is common knowledge that banks are closed on public holidays and are only open on business days.

It would be best to keep in mind that bank transfer times only include business days and exclude all public holidays.

Additionally, it would help if you also kept in mind the public holidays in the country that you are transferring money to.

For example, most banks will be closed if you transfer money from Hong Kong to Pakistan during the Eid Festival or transfer money to China during Golden Week.

3. Time differences

Time zones can play a crucial role in the time it takes for an international bank transfer to be completely processed.

If you are sending money to a country with a significant time difference, your bank transfer will take much longer.

On the other hand, even if it is a local bank transfer, timing is important.

If you process payment at the end of the working day, it will typically be sent on the next business day.

4. Weekend delays

The time it takes to process both international and local bank transfers can be delayed if you process the payment on a weekend.

Most bank transfers made over the weekend will usually not be processed until the next business day.

When making international bank transfers, you should consider what is considered a weekend in the country you plan on sending money to.

For example, the United States, Brazil, and Japan have their working week start on a Sunday, whereas the working week in most European countries starts on a Monday. 

5. Missing paperwork

If you are making an international wire transfer, there are extensive fraud prevention processes that banks have to follow. Therefore, it takes more time to process the transfer.

PayPal is a digital payment system that can be used by both individuals and businesses to send and receive payments through the internet without having to share personal data. Although PayPal has long been associated as being the primary payment system for eBay, PayPal has since separated itself and expanded to offer global services that include money transfers, international payments and more.

How does PayPal work?

PayPal works similar to a bank account, in that it allows you to send, receive and store money digitally. PayPal integrates with many online merchants to make shopping online more seamless and private, and users can see a full history of transactions in their PayPal account history. Overall, PayPal can be used in a lot of the same places you’d shop with a credit or debit card.

Why should I consider PayPal?

• Fast transfers to other PayPal users. Transfers direct from one PayPal account to another are almost always instant.
• Security. PayPal monitors all transactions for fraud, uses industry-standard encryption and has many dispute resolution options. Additionally, AI systems add to PayPal’s resiliency against fraudulent transactions.
• Worldwide network. PayPal is available in more than 200 countries around the world, but you’ll be limited to the 20+ currencies that PayPal supports.

What should I be aware of with PayPal?

• Expensive international transfers. You face a layer of fees that vary by method, amount and country.
• Weak exchange rates. When sending money to foreign currencies you’ll be forced to accept an exchange rate below the mid-market rate.
• Fees when using credit and debit cards. Expect yet more fees if your plan to fund your transaction with plastic, rather than your PayPal account or a linked bank account.
• Extra steps when receiving money. When someone pays you on PayPal you have to manually go into your account and request a bank payout — further increasing the time it takes for that money to hit your bank account.

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PayPal’s exchange rates and fees explained

PayPal international transfer fees depend on where you’re sending money to, how you’re sending it and how you plan to fund it. For international deliveries you face layers of fees that include flat rates and percentages of your transaction amount. PayPal does not have any hidden fees, but its fee structure is complex to say the least. When using PayPal, pay close attention to fees and exchange rates to avoid feeling like hidden fees snuck up on you.

PayPal fees in SGD

It’s free to sign up for a PayPal account. For buyers, there are no fees when you make a purchase in Singapore. If you make a purchase from an overseas merchant, a small currency conversion fee may apply. For merchants, transaction fees are capped at 3.9% + $0.50 SGD per sale, or lower. You can also send or request payment from anyone with an email address or mobile number.

PayPal fees for sending money

There’s no transaction fee when you send payments with PayPal. If you send a payment overseas in a different currency, you’ll incur a small conversion fee.

PayPal seller fees

When selling goods and services through PayPal, these are the fees you’ll have to pay based on what country the PayPal account of the person buying from you comes from.

Fixed fee based on currency received

Australian dollar0.30 AUDBrazilian real0.60 BRLCanadian dollar0.30 CADCzech koruna10 CZKDanish krone2.60 DKKEuro0.35 EURHong Kong dollar2.35 HKDHungarian forint90 HUFIsraeli shekel1.20 ILSJapanese yen40 JPYMalaysian ringgit2.00 MYRMexican peso4.00 MXN

New Zealand dollar0.45 NZDNorwegian krone2.80 NOKPhilippine peso15 PHPPolish zloty1.35 PLNRussian ruble10 RUBSingapore dollar0.50 SGDSwedish krona3.25 SEKSwiss franc0.55 CHFTaiwan new dollar10 TWDThai baht11 THBUK pounds sterling0.20 GBPUS dollar0.30 USD

PayPal’s exchange rates

When we checked on 28 August 2020, PayPal’s exchange rate markups were anywhere from 3 – 4% or more, depending on the currency.

How to check PayPal’s exchange rates:

1. Log in to your PayPal account.
2. Click Wallet, which should be near the top of your screen.
3. Click Currencies Calculator, which is under your PayPal balance.
4. Select the currencies you want to convert to see rates.

Compare PayPal to other money transfer services

Most other services that send money overseas will be able to offer you a better exchange rate than PayPal. Check out the table below to see what your transfer could look like with another company.

How to use PayPal

One of the most popular uses for PayPal is to send and receive money online. Whether you’re sending this money to businesses or friends, the process is similar. In general you’ll have to create your account, add money to it and then choose who to send it money to. Here are the steps:

Making a PayPal account

Creating a PayPal account can be done for free and with little verification needed. To begin, follow these steps:

1. Visit PayPal’s website and click Sign Up for Free.
2. Next, you’ll be prompted to choose between a Personal Account and a Business Account. Chances are you want a personal account — if you’re signing up your business account, head on over to our PayPal for Business page for more information.
3. Enter your name, email and a password then click Next.
4. You’ll then be asked for your address and phone number — these help PayPal confirm you’re a real person.
5. Now you’re ready to add money to your PayPal account.

Once your account is created you can start receiving money right away, but you’ll have to add a payment method and bank account if you want to withdraw funds.

Adding money to PayPal

To add money to a PayPal account from your computer:

1. Visit PayPal’s website and login.
2. Click Wallet at the top of the screen.
3. Click Transfer Money, and then select Add money to your balance, which is under Money in.
4. Choose your preferred bank account, enter the amount to transfer and click Add.

Transfers from your bank account into your PayPal balance typically take 3-5 business days and incur no PayPal fees. However, it is always worth double checking with your bank account beforehand to make sure your bank won’t charge any fees.

How to send money through PayPal

Money can be sent both domestically and internationally with PayPal. Different fees may apply depending on who you are transferring to, the purpose of the transfer and what country they live in. In general, to send a domestic PayPal transfer:

1. Log in to your account and click Send & Request.
2. Enter your recipient’s phone number or email address, the amount you want to send and a description of the transfer.
3. Review the total cost for your transaction, including transfer fees, your payment method and possible fees depending on transfer destination and speed.
4. Click Send Payment Now if you’re ready to transfer your funds.

How to receive money on PayPal

Money can be sent to your PayPal account through your connected email address or mobile number, so be sure you provide the person paying you with the correct information. Once they’ve paid you, PayPal will send you an email, a text message or both to let you know there is money in your account.

There are a few ways you can withdraw money from your PayPal account:

• Leave the money in your balance. If you plan on spending money on PayPal soon, leaving some money in your PayPal balance is a way to cover future PayPal expenses.
• Request a check. PayPal will send you a check by mail if you select this option, but fees may apply.
• Transfer money from PayPal to bank account. To transfer to your bank account, click the Transfer to your bank button after you accept the money. You’ll have two options when transferring to your bank account: standard transfer and instant transfer.

• What's the difference between standard and instant bank withdrawal?

  When you need the money immediately, using the instant withdraw option might be your best option. However, using the instant withdraw option will add a fee onto the transaction.

  • Instant transfer cost – 1% of the amount transferred with a maximum cap set at $15. Minimum charge is $0.50.
  • Standard transfer cost – free for withdrawals over $200 (or $1 for withdrawals less than $200), but may take up to 5 business days or more to process and be available in your bank account.

Is PayPal safe?

PayPal takes many measures to keep your money and transactions safe and secure, but how you use PayPal still factors into whether or not it is safe for you to use. PayPal helps keep you and your money safe by:

• Protecting your sensitive information. PayPal doesn’t share your full financial information with sellers, which may help protect you from identity theft.
• Monitoring transactions 24/7. Both humans and algorithms monitor PayPal transactions to spot fraud.
• Encrypting your data. PayPal uses bank-level encryption, including SSL 3.0 with an encryption key length of 168 bits.
• Offering fraud prevention. PayPal will never contact you asking for sensitive information by email or telephone — always contact PayPal if anything about your account history seems suspicious.
• Providing dispute resolution. PayPal will help resolve disputes between buyers and sellers when PayPal is used as the payment method.

What PayPal reviews look like

Reviews accurate as of 28 August 2020.

PayPal is a massive global company that has millions of daily users. When investigating the negative reviews on Trustpilot we saw a trend of customers complaints focused on poor customer service and extremely long wait times on both phone and chat support. To avoid some of these issues, always be sure to read existing reviews on a buyer before making a purchase. Also, thoroughly read PayPal’s buyer protection fine print to fully understand what is and isn’t covered before relying on it to guarantee you a refund.

Is there a PayPal app?

PayPal has an app on both Google Play and the App Store. The app can be used to:

• Send money to loved ones. Send money to friends and family in Singapore using your PayPal balance or bank account for free.
• Log in using biometrics. Both face and fingerprint recognition can be used to log in.
• Manage your PayPal balance. Move money between your PayPal balance and your bank account on the go.
• Send money around the world. Send money internationally through PayPal.

PayPal app reviews

More on the best money transfer apps

What other products does PayPal offer?

PayPal can help you or your business beyond moving money worldwide or supporting your e-commerce business.

Personal products

• Online shopping. Sign up for an account to pay for purchases at digital retailers without pulling out your credit or debit card. You can also donate to a series of charities or fund a gaming hobby directly from your account.
• Mobile wallet. Use PayPal’s mobile wallet app to pay for in-store purchases at a growing list of brick-and-mortar retailers.

Business services

• PayPal Ventures. The company invests in fintech startups and other early-stage companies looking for a lift off the ground.
• Digital loans. Your PayPal business accounts grants you access to flexible business for a fixed fee with no credit check.
• Card processing. Add a PayPal button to your e-commerce site to accept debit and credit cards and simplify your accounting.
• Mobile card reader. Use your phone or tablet for on-the-go payments to your business through PayPal’s mobile card reader.

Bottom line

PayPal is a strong solution for fee-free direct domestic transfers to other PayPal accounts. But international transfers come with a complicated fee structure you’re likely better off avoiding with a money transfer specialist offering lower fees and stronger rates — especially on large transfers.

Frequently asked questions

How can I check my PayPal balance?

If you’re looking to transfer no more than a few hundred dollars overseas, PayPal could be the best money transfer option for you. However, compare PayPal’s fees and exchange rates with those of banks and money transfer companies to ensure you end up with a great deal.

How does PayPal compare to other services?

How long do PayPal transfers take?

PayPal transfers between PayPal accounts are instant, but transferring to your bank account may take anywhere from 1-5 business days or more. Consider using an instant transfer if you need the money immediately.

How long does it take to receive an international PayPal payment?

Is PayPal a good way to transfer money internationally?

How long does it take to receive an international payment?

How long does PayPal take to process a transfer?