You can use PayPal to send money from the US to the UK, though international fees and currency conversion charges apply.
PayPal allows cross-border transfers, making it a straightforward way to send funds abroad, but it’s worth understanding the costs involved to make sure you’re getting the best value.
How to Use PayPal for US to UK Transfers
Using PayPal to send money from the US to the UK is pretty simple. If both you and the recipient have PayPal accounts, you’re just a few clicks away.
You’ll select “Send Money,” pop in the recipient’s details, confirm the amount, and that’s it!
But here’s a little heads-up: PayPal automatically converts USD to GBP, which sounds convenient, but it comes with its own exchange rate and fees.
One thing to remember? PayPal’s exchange rate includes a bit of a markup.
For smaller transfers, that’s often no big deal, and the ease of PayPal can be worth it.
But if you’re sending a more significant amount, these fees and the conversion rate can start making a noticeable difference in what actually arrives on the other end.
It’s a great tool, but knowing these little details can help you get the most out of it.
Alternatives for Sending Money from the US to the UK
Planning to send a larger amount?
PayPal is convenient, but it’s not always the most cost-effective option, especially when there are other services that might save you on fees and offer better rates.
Here’s a look at two solid alternatives:
Key Currency
When it comes to larger transfers, Key Currency could be a perfect fit.
We specialise in international money transfers, and one of our biggest advantages is that we have no hidden fees and offer competitive exchange rates.
Plus, we provide personalised support, so if you have questions or want guidance, our team is ready to help you through the process.
It’s a bit like having a money transfer expert by your side, making sure everything goes smoothly and ensuring you’re getting the best rate on larger transfers.
Wise (formerly TransferWise)
Wise is ideal if you’re making smaller, regular payments, as it offers transparent fees and the real mid-market exchange rate.
This means you know exactly how much will reach the UK before you hit send.
While Wise is fantastic for these types of transfers, it’s not always the most economical for large amounts, as some of the fees and transfer limits can add up over time if you’re sending a substantial sum.
Summary
PayPal is handy for sending money from the US to the UK, but keep in mind those fees and exchange rates, especially for larger sums.
For high-value transfers, Key Currency may offer more value with competitive rates and personalised assistance, while Wise is perfect for smaller, frequent transfers.
Picking the right option can make sure your money gets where it needs to go without extra cost or hassle.