Paypal lets you send and receive money online when you sell things or for paying friends and family back. However, for sending money internationally there are some pros and cons.
Customer Reviews
PayPal Review: Are they any good for international payments? Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated PayPal Review: Are they any good for international payments? across four key areas of our review framework.
- Pricing3.0
- Market Access4.5
- App & Platform5.0
- Customer Service4.0
Pros
- Very simple to use
- Lots of integrations
- Almost instant payments
Cons
- The website can seem a little basic
- Expensive exchange rates
- Not as versatile as other neo apps
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Our verdict
Paypal lets you send and receive money online when you sell things or for paying friends and family back. However, for sending money internationally there are some pros and cons.
Is PayPal a good way to send money abroad?
Yes, it is, but it can be expensive. If you compare PayPal to Wise, for example, for a GBP to USD international payment, we found that Wise can take up to 5 days for money to arrive in the US from America, whereas when we send money via PayPal, it arrives almost immediately. However, PayPal’s exchange rates were not as good as Wise’s.