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:
To convert a currency balance:
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 dollars | 4% above the exchange rate |
| To all other currencies | 4% above the exchange rate |
| Within your PayPal account (not as part of a purchase) to any currency | 3% 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 Fee | Funding Fee | |
| Funded by your PayPal balance or Australian bank account | 5% of the send amount with a minimum of $0.99 AUD a maximum of $5.99 AUD | No funding fee |
| Any portion funded by a credit or debit card | 5% of the send amount with a minimum of $0.99 AUD a maximum of $5.99 AUD | 2.6% of the transaction amount funded this way plus a fixed fee based on currency |
| Currency | Fee |
| 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 |
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:
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 type | Australian | International |
| Online payments | 2.6% + $0.30 | 3.6% + fixed fee |
| Website Payments Pro – Hosted Solution | 1.75% + $0.30 | 3.6% + fixed fee |
| Invoices | 2.6% + $0.30 | 3.6% + fixed fee |
| PayPal Here card reader | 1.95% | 1.95% |
| PayPal Here – manual entry | 2.9% + $0.30 | 2.9% + fixed fee |
| Virtual Terminal | 3.6% + $0.30 | 4.6% + fixed fee |
| Donations | 1.1% + $0.30 | 2.1% + fixed fee |
