Overseas Money Transfer Fees Using PayPal
The fees associated with sending money overseas using PayPal can be rather complicated. The costs of currency exchange to fund a foreign casino account varies depending on the region where your account is located and the country where you are sending money.
On average, PayPal will charge anywhere between 2.5% - 4% on the exchange rate for currency conversion plus a small fixed fee.
There are, however, better ways to save money on fees using PayPal. The most important rule is never to use a linked credit card.
It will also be slightly better to transfer money to your PayPal wallet from your bank account and then make the necessary conversion in your own wallet.
For large amounts over £2,000, we highly recommend using a peer to peer currency exchange platform before depositing funds in your PayPal wallet. This approach can save you as much as 90% in exchange fees. To achieve this, you will need to have foreign currency accounts enabled in your PayPal account settings. Opening foreign currency accounts is an easy process.
Further information on optimising currency conversion to fund an overseas casino account, see below for details and recommendations for some of the best exchangers available online.