The three leading money transfer services are MoneyGram, PayPal, and Xoom, which have varying levels of fees that can be calculated online (e.g., using the MoneyGram fee estimato♋r).

Typically, these companies charge diff♒erent 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 ꦕarticle compares the various transfer fees of all three companies.

Transfer Fees: MoneyGram vs. PayPal vs. Xoom

Transfer fees are standard charges collected by these money transfer platforms to ensure their profitabilit꧅y.

While some can be thought of as service charges, other transfer fees are derived fജrom other fee꧃s, such as international currency 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 a🔯nd😼 what is being used to receive the money. Sending 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 withi🐟n the United States. Both sender and recipient must have PayPal accounts. The funds must𝔍 come from their PayPal balance or linked bank account.

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

If the funds come from a credit c🌟ard, debit card, or PayPal Credit, the platform charges 2.9% of the trꦓansaction 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 $1,00ꦕ0 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 l🐻imits. 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 $20,000, and the 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官方开奖结果体彩网:how Xoom money transfers work, users can also estimat♕e fees at Xoom's website.

PayPal Merchant Fees

PayPal offers a host of pꦆayment processing services for merchants. It🧸s standard transaction fee for PayPal Checkout is 3.49% plus 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%.

Interna🅘🅷tional Transfer Fees: MoneyGram vs. PayPal vs. Xoom

When it comes to international transfer fees, 😼a foreign currency exchange rate is involved, maki🌜ng 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 cꦓustomer sending $100 to a bank account in M🐻exico would pay $1.99 if the funds originate from a debit card and $6.49 if from a credit card.

If𝐆 the funds are being sent for cash pick-up, the MoneyGram fee w𝓰ould 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, mobile 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 option when tไransferrꦑing money between bank accounts.

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

MoneyGram off☂ers a great international presence and discounts on you♑r 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官方开奖结果体彩网:low-cost ways to transfer money.