The below research is outdated as of July 2019. Please see new research here
Note: the following research took place on October 11-16 2018 by an independent research agency. As of 8 March 2019, TransferWise prices will change for all customers. Please always check your account for the latest pricing. Learn more
Are you using PayPal in your business to pay or get paid internationally for goods and services? If so, you could save on average 14x more by opening a TransferWise for Business account.
The research was carried out in October 2018 by market research agency, Alderson Consulting (Bristol), in conjunction with TransferWise. The data was ascertained via a series of transfers carried out by Alderson Consulting (Bristol) and partners in various geographies.
There are three types of fees recorded for this price comparison:
- Fee 1: an upfront international money transfer fee
- Fee 2: the markup PayPal added to their exchange rate
- Fee 3: the recipient fee PayPal charged when business receive international payments
Research took place on transfers from GBP, EUR, USD, and AUD routes. Date and timestamps are provided.
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