The three leading money transfer services are MoneyGram, PayPal, and Xoom, whic🍨h have v🅠arying levels of fees that can be calculated online (e.g., using the MoneyGram fee estimator).

Typically, these com🐠panies charge different fees based on:

• The origin country and receiving country
• The size of the transfer
• Whether the recipient account is a bank account, debit or credit card, or other transfer accounts
• Whether the transfer is between family members or in payment for goods

This article compares t𝓰he various transf♌er fees of all three companies.

Transfer Fees: MoneyGram vs. PayPal vs. Xoom

Transfer fees are standard charges collecꩵted by these money transfer platforms to ܫensure their profitability.

While some can be thought of as service charges, other transfer fees are derived from other fees, such as international cur൩rency exchange fees, that are passed on to the individual.

MoneyGram Transfer Fees

MoneyGram fees tend to be higher than PayPal's. For a direct transfer from a sender's bank account to a recipient's bank account, the company charges a fee that varies with the amount sent and starts at $1.89.

The fee also varies depending on what you use to send from and what is being used to receive the money. Seౠnding from debit and credit cards increases fees.

In addition, the more you send, the higher the fee (the maximum you can send is $5,000). If the cash is to be picked up in person at a MoneyGram location by the recipient, the fees increase.

PayPal Transfer Fees

PayPal does not charge a fee, either to the sender or recipient, when funds are sent w🍬ithin the United States. Both sender and recipient must have PayPal a💙ccounts. The funds must come from their PayPal balance or linked bank account.

Fees are only charged if the money comes from a linked credit or debit card, if money is being sent internationally, or if you ar🌠e collecting payment as a merchant or vendor.

If the funds come from a credit card, debit car﷽d, or PayPal♛ Credit, the platform charges 2.9% of the transaction plus 30 cents.

PayPal also does not charge a fee to shoppers, whether they shop online or in stores. It operates instead like a secure bank account used to pay for goods and services.

Xoom Transfer Fees

Xoom, which is owned by PayPal, charges a fee of 1% on all transactions up to $999, and $10 on transactions of $1,000 or more when꧅ sending from a bank account.

Sending with PayPal USD is free, but sending with your PayPal balance or with cards, and not from a bank account, involves a higher fee.

There are three levels of verification that offer higher transfer limits. At the first level, the 24-hour 🐻limit is $2,999, the 30-day limit is $6,000, and the 180-day limit is $9,999.

At level two, the 24-hour limit is $10,000, the 30-day limit is $2𝐆0,000, and t🌸he 180-day limit is $30,000.

For those at level three, the 24-hour limit is $50,000, the 30-day limit is $60,000, and the 180-day limit is $100,000.

To understand 澳洲幸运5开奖号码历史查询:how Xoom money transfers work, users can also estimate f🌊ees at Xoom's website.

PayPal Merchant Fees

PayPal offers a host o✨f payment processing services for merchants. Its standard transaction fee for PayPal Checkout is 3.49% 𝐆plus 49 cents.

If the PayPal account is located outside the U.S., the fee is 3.49% plus the fixed fee rate for the other country, plus an additional percentage-based fee for international commercial transactions of 1.5%.

International Transfꦑer Fees: MoneyGramꦕ vs. PayPal vs. Xoom

When it comes to international transfer fees, a foreign currency exchange rate is involv♔ed, making the transaction more costly.

In addition, platforms such as MoneyGram openly disclose that the company makes money off of the foreign currency spread, which fluctuates daily.

MoneyGram International Transfer Fees

MoneyGram operates in more than 200 countries and territories. It has digital capabilities in more than 150 countries and over 440,000 physical locations that are either company-owned or operated by a business agent.

For global money transfers, the company earns revenue in two ways: from the transaction fee and also from the foreign currency spread.

A customer sending $100 to ꧟a bank account in Mexico would pay $1.99 if the funds originate from a debit card and $6.49 if from a credit card.

If the funds are being sent for cas𒅌h pick-up, the MoneyGram feeꦚ would be $3.99 for debit card and $8.49 for a credit card.

As of May 12, 2025, MoneyGram quoted an exchange rate of 20.1104 pesos to the dollar.

PayPal International Transfer Fees

PayPal charges a 5% transaction fee when U.S. account holders send money to other PayPal account holders located outside the U.S. A minimum fee of $0.99 applies, and the maximum fee is $4.99.

Xoom International Transfer Fees

Xoom, which also makes money on foreign currency transactions, offered a slightly worse exchange rate of 18.0090 pesos to the dollar, as of May 12, 2025. Its fee structure is comparable to MoneyGram's.

On a $100 transfer, Xoom charges no fee if the money comes from a bank account, PayPal balance, or PayPal USD regardless of whether the money is received by a debit card, bank account, mo🅺bile wallet, or picked up as cash.

If sending from a debit card, fees of $0.39 to $0.99 apply. If sending from a credit card, fees of $2.99 to $4.49 apply.

Fee Comparison Chart

As a rule of thumb, PayPal is the best optꩵion when transferring money between bank accounts.

Xoom is a great option for international transfers as long as you don't send from a card.

MoneyGram offers a great international presence and discꦍounts on your first transfer.

The Bottom Line

When using a money transfer platform, transaction fees vary greatly depending on how you are sending the money, where you're sending it, and how it will be received.

MoneyGram, PayPal, and Xoom aren't the only ways to transfer money. If their fees are too expensive for you, check out some other 澳洲幸运5开奖号码历史查询:low-cost ways to transfer money.