Personal Finance Tips

How to transfer money from PayPal to Revolut

Alex Beaney

27.06.24 (last updated)

Read time 2 minutes

Have pounds in your PayPal balance and want to send them to your Revolut account? Perhaps Revolut is your main money account, so you’ll need to direct any PayPal funds there so you can spend them.

Read on, as we’ve put together a handy guide on how to transfer money from PayPal to Revolut. This includes the key steps to follow, and whether there are any fees involved.

If you’ve received a PayPal payment in another currency, you’ll need to watch out for currency conversion fees when sending it to your main account. Send it to a Wise multi-currency account instead, and you could save a bundle. We’ll show you how later.

But first, let’s focus on transferring money in GBP from PayPal to Revolut.

Can you send money from PayPal to Revolut?¹

Yes, you can send money from your PayPal account to your Revolut account.

You can do this by linking your Revolut card to your PayPal account. Once this is done, you can make your first withdrawal from PayPal to Revolut.

How to transfer money from PayPal to Revolut - a step by step guide²

Before anything, you must first link your Revolut and PayPal accounts. Make sure you have your Revolut card details to hand and follow these steps:

Tap your Wallet
Click Link bank
Follow the instructions

The process is similar when you’re linking your Revolut account through the PayPal app. Here are the steps:

Tap your Wallet
Click + across from Banks and cards
Tap the Banks section
Follow the instructions

You can also link your Revolut Business account to PayPal. Follow these steps³:

Tap the Banks section
Click Add a New Bank
Carefully add your Business account details
Find a confirmation code in the Transactions section of your Revolut Business account
Enter the code

After you’ve linked the accounts, you can send money from PayPal to Revolut. Head back to ‘Wallet’, select ‘Transfer money’ and choose your Revolut account from the list of withdrawal options.⁴

Is there a PayPal to Revolut fee?⁵

As long as there isn’t any currency conversion involved, you shouldn’t pay a fee to send money from PayPal to Revolut.

So, this means you can send a PayPal balance in GBP to a Revolut account in GBP. Both accounts need to have been opened in the UK.

If you are sending PayPal funds in a different currency to your Revolut account, PayPal is likely to charge fees - which vary depending on the currency.

Currency conversion fees for transfers from PayPal to Revolut⁶

If PayPal converts currency for you, they will use the transaction exchange rate they set for each currency. This rate includes a currency conversion fee applied on a base exchange rate. You should check their conversion fee page to see the exact rate for the currency you need.

Send money from PayPal to Wise and save on currency conversion fees

We’ve shown you how to transfer money from PayPal to Revolut in a few easy steps. As long as there isn’t any currency conversion involved, you shouldn’t pay a fee for this transaction.

If you receive money to your PayPal account in a foreign currency, it will need to be converted and PayPal will charge a fee. An exchange rate with a mark-up added on top will likely be used, which makes the whole transfer more expensive for you.

A handy alternative in this situation is using the Wise account instead. It automatically converts currency at the mid-market exchange rate with only a small, transparent fee for the currency conversion.

Please see the Terms of Use for your region or visit Wise fees & pricing for the most up-to-date information on pricing and fees.

Learn more about the Wise account 💰

Sources used:

PayPal - Can I transfer money to my debit card?
PayPal - How do I link a bank account to my PayPal account?
Revolut - How do I receive payments from my PayPal account to my Revolut Business account?
PayPal - How do I withdraw money from my PayPal account?
PayPal - PayPal Consumer Fees
PayPal - PayPal User Agreement

Sources last checked on date: 27-May-2024

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.