![]() Though it's possible that the fee increases could result in some merchants leaving PayPal, the payment and retail solutions that it offers merchants likely outweigh these risks-especially considering that digital payment offerings like those offered by PayPal will become much more important as consumers continue shopping online and adopting contactless payment methods. Meanwhile, lowering other fees may make PayPal more competitive with companies like Square and Visa, which offer their own payment processing services. 0/month 5/month for Payments Advanced 30/month for Payments Pro & the virtual terminal. 0/month 60/month for specialty POS packages. The big takeaway: Increasing some of its merchant fees can help PayPal fund proprietary products and further drive revenues, which grew 29% YoY to hit $6.03 billion in Q1-a rate slower than volume growth. Nonetheless, the big picture is that most merchants will pay less for online transactions with Square, while PayPal charges less for in-person transactions. In Q1 2021, PayPal’s total payment volume (TPV) surged 46% year over year (YoY) on a constant currency basis to hit $285 billion-up from 19% YoY in Q1 2020. PayPal offers two different payment methods for international money transfers and each has its own fee structure. How we got here: The pandemic helped accelerate PayPal’s growth as merchants leaned on the firm to facilitate transactions amid spikes in ecommerce and consumer adoption of digital and contactless payments. On the other hand, if the transaction occurs at your physical store, and the PayPal account from the client is from a different country, the fee is 4.2 + 0.30, rather than 2.7+ 0.30. For certain in-person debit and credit transactions the rate will be 2.29% plus $0.09-or $2.38 in fees for a $100 purchase. If the transaction is entirely online, you pay a fee of 4.4 + 0.30, rather than the standard fee of 2.9 + 0.30. The fixed fee differs between locations, like the standard transaction fees above. ![]() For international transactions, theyre 4.4 + a fixed fee. Goods and services fees: If you receive money. What is PayPal transaction fee The current fees for PayPal Payments Pro are 2.9 + 0.30 per transaction for US transactions. QR code transaction fees for a total below 10 is 1.9 and above 10 is 2.4. For QR code transactions over $10, the rate is 1.90% plus $0.10 per transaction, and for such transactions $10 and under, the rate will be 2.40% plus $0.05. PayPal charges 2.99 for standard debit and credit card payments.
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