PayPal is a safe and convenient online payment method. Customers can pay with bank accounts, credit cards, PayPal Smart Connect, or account balances.

According to its website, it won’t cost you a cent to open a PayPal account or to download mobile app. PayPal charges fees only for the following transactions.

PayPal also charges both merchant fees and consumer fees, and they are quite different. Let’s take a look at them both:

Consumer Fees PayPal's fees vary by transaction type, domestic vs. international, currency used, and more. PayPal charges 2.9% plus 30 cents for debit and credit card payments.

Merchant Fees PayPal charges merchants for using its platform for commercial transactions

If you're a freelancer or small business owner, you may wonder, "How much does PayPal charge for $1,000?" If a client pays you $1,000 via PayPal, you'll get $964.61 — 3.49 percent of the transaction, or $34.90, plus a 49 cent fee.

Other Fees PayPal charges fees for buying and selling cryptocurrencies. $1-$4.99          $0.49 plus spread $5-$24.99        $0.99 plus spread $25-$74.99      $1.99 plus spread

$75-$200             $2.49 plus spread $200.01-$1,000  1.80% plus spread Over $1,000        1.50% plus spread