PayPal Price Comparison Disclaimer: USD to EUR


Are you using PayPal in your business to pay or get paid internationally for goods and services? If so, you could save a bundle by opening a business account with TransferWise. That’s according to independent research agency Consumer Intelligence. The details of the research, including the raw transfer data, is available below.

Research Methodology

The research was carried out on the 16th January by market research agency, Consumer Intelligence, in conjunction with TransferWise. The data was ascertained via a series of transfers carried out by Consumer Intelligence and partners in various geographies.

There are three types of fees recorded for this price comparison:

  • Fee 1: an upfront international money transfer fee
  • Fee 2: the markup PayPal added to their exchange rate
  • Fee 3: the recipient fee PayPal charged when business receive international payments

Research took place on 5 routes within the same day. Date and timestamps are provided.

The Research

Route 2: Sending 2000 USD to EUR

As part of the research, Consumer Intelligence made a USD 2,000 payment from a US PayPal business account to a French PayPal business account.

This business payment incurred sending fees of USD 75.46 with PayPal, and only USD 9.90 with TransferWise.

TransferWise saved the sender USD 65.56.

PayPal charged the French business who received this payment a recipient fee of EUR 69.76. Transferwise charged no recipient fee.

TransferWise saved the recipient EUR 69.76

The total amount that arrived at the French business via PayPal was EUR 1509.95. Via TransferWise the amount was EUR 1631.09.

Using TransferWise meant the French business got an extra EUR 121.14

Here’s the raw data:

Sending USD 2000 to EUR: TransferWise vs PayPal Business

Fees/costTransferWisePayPal business
Amount sending (in USD)$2000$2000
Rate quoted by provider (Reuters’ exchange rate = 0.8196)US$ 1 = €0.8196US$ 1 = €0.7898
Provider exchange rate markup (in %)0%3.64%
Provider exchange rate markup (in USD)$0$75.46
Upfront transfer fee (in USD)$9.90$0
Total sender fees (in USD)$9.90$75.46
Amount sent to recipient (in EUR)€1,631.09€1,579.71
Recipient fees applied (in EUR)€0€69.76
Recipient fees applied (in %)0%4.42%
Total recipient fees (in EUR)€0€69.76
Final recipient amount (in EUR)€1631.09€1509.95
Total cost of transfer (in USD + EUR)$9.90 + €0$75.46 + €69.76

All data was obtained independently by market research company Consumer Intelligence Ltd on January 16 2018, 07:15 UTC.

*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.

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