![]() However, as soon as you’re sending a payment in a foreign currency - or if you’re shopping online in a different currency - extra PayPal fees do creep in. PayPal is understandably popular, and offers some great services including many fee free domestic transactions in the UK. International transfer fees are 5% of the payment value, from 0.99 GBP to 2.99 GBPĮxchange rates include a variable markup - check the live rate in the PayPal app ![]() PayPal Honey offers a browser extension to automatically find and apply vouchers when you shop Very widely accepted locally and internationally Use PayPal to send and spend, plus get credit and buy now, pay later arrangements Not sure if PayPal is right for your transaction? Here are a few pros and cons to consider: Advantages of PayPal UK If you have the PayPal app already this can be an even easier way to add funds to your PayPal account, as long as you already have a bank account linked to PayPal:Įnter the amount and tap Add to Your BalanceĪdvantages and disadvantages of using PayPal in the UK Option 3: How to add money through the PayPal App The sender will also need to double check delivery times and options - paying with a linked card or PayPal balance may mean your money arrives faster, compared to paying with a linked bank account. It’s worth noting that the sender may need to pay a fee for this service, which can vary depending on how they choose to pay and the currency they send. They can initiate the transfer by logging into their own PayPal accounts and selecting the options to send a payment. The email address or phone number which is associated with your PayPal account Option 2: Receiving money from friends and family into your PayPal accountĪnother option is to have family or friends send you a PayPal payment which could be deposited fairly quickly, depending on how they choose to pay. Once your bank account is linked to PayPal:Ĭlick Transfer Money, then Add money to your balanceįollow the on-screen prompts to log into your online banking and transfer money to PayPal However, this is usually an easy process - you just follow the prompts to set up the bank account you want to link. You may need to complete an automatic or manual verification to prove the account you’re linking is actually yours. Review your information and click Agree and add Log into your PayPal account and go to WalletĬlick Add a card or bank account, then Add a bank accountĮnter the account details including sort code ![]() If you don’t already have a linked bank account it’s pretty easy to set this up: Here are your options to top-up your PayPal UK account: Option 1: How to add money to PayPal from Bank Accountįrom the UK you’ll need to fund your PayPal top-up from a linked bank account. However, if you’d rather hold a PayPal balance, you can also do that. You can simply link your preferred bank account or card to your PayPal account and funds will be taken directly from there when you shop online or send payments. It’s good to know that you don’t actually need to add money to your PayPal account if you don’t want to. One other option is to have someone send you a PayPal payment directly - we’ll cover how this works, later. You can’t top up using a credit or debit card - instead you’ll need to use your normal online banking service to make a payment to PayPal which will be deposited into your PayPal account. If you have a PayPal account in the UK, you’ll be able to top up your PayPal balance using your linked bank account. PayPal UK top-ups are free as long as no currency conversion is needed Have friends or family send you PayPal transfers to add funds to your account Top-up PayPal UK from your linked bank account online or in the PayPal appīank top-ups may take several days to arrive And as PayPal may not be the best option for international transfers due to the overall costs involved, we’ll also introduce some alternatives to PayPal like OFX and Wise. In this article, we’ll cover 3 ways to top-up your UK PayPal balance, the pros and cons of PayPal, and some important fees to know about when you use PayPal UK. However, while PayPal can be cheap or free to use for some transaction types, there are fees you’ll want to consider, which can be particularly high if you’re sending or spending a foreign currency. PayPal is a popular and convenient way to shop online with retailers in the UK and globally - or to send money quickly to friends and family.
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