How much does it cost to send $1000 on PayPal?

Money transfer companies like PayPal may offer a lower fee than some traditional banks, but the fees still add up. Send $1000 using PayPal and you could end up paying a total of $130 in fees, including a 3% charge by PayPal and a $10 fee by your bank. That’s a total cost of $132.30.

If you were to send the money through a traditional bank, the fees would likely be lower, but you would still be looking at a cost of around $105. So, while PayPal may offer a lower fee, it’s still not free.

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