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PayPal price plans for currency conversion transactions

By Sasha Fedorenko August 5, 2019 - 11:34 am

PayPal have announced the PayPal price plans for currency conversion transactions which will go into effect from the 3rd of September.

PayPal announced the updated PayPal agreements for their US merchant clients. They say sellers who agree to the changes are not required to do anything, those who don’t, need to close their account before the price changes will roll out. Here are the changes PayPal aims to introduce:

Amendments to the PayPal Account User Agreement and the PayPal Cash and PayPal Cash Plus Terms & Conditions

  • We are changing the PayPal currency conversion spread to 3.0% for all other transactions involving a PayPal currency conversion.
  • We are changing the PayPal currency conversion spread to 3.75% for transactions that involve a PayPal currency conversion when you pay for goods or services or send money.

Amendments to the PayPal Website Payments Pro and Virtual Terminal Agreement

  • We are changing the PayPal currency conversion spread to 3.0% for all transactions involving a PayPal currency conversion.
  • We are providing the terms and conditions for our Account Updater functionality. When made available, Account Updater will allow merchants to update their U.S. customers’ eligible card data stored with PayPal to enable the seamless processing of recurring billing, recurring payments, and/or other eligible transactions.
  • Simon E
    4 months ago

    I’ve got in a right muddle about all these paypal fees.
    Could someone tell me the new / old Paypal currency transfer fees for a funds transfer.
    IE when I withdraw funds from PP in a “Foreign” currency, and PP kindly add their fee to the process.

    I have in my mind that it was 2.5% and going up to 3.0 %, but can’t quite find out.
    Also when is it happening?

    Many thanks.

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