PayPal Australia introduces a new $6 fee for overseas money transfers

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And increases its processing fee for credit card transactions

PayPal

PayPal Australia has made a number of changes to its financial services guide, including adding a new $5.99 fee for overseas personal money transfers to a “friend and family member”.

If all or part of that transfer is covered by a credit or debit card, Aussies will also cop a 2.6% fee, plus a currency conversion fee. Before the updated terms, this fee was 2.4%.

It’s important to note that the new fees are incurred by Australian account holders sending money out of the country that doesn’t involve international commercial transactions. 

And while it might be meant for sending your family some dosh when needed, it should be noted that some sellers request a “personal transaction” as opposed to a “goods and services” settlement when making a purchase. 

Commercial transactions, however, will not incur any fees if there is no currency conversion required. So as long as you pay in Aussie dollary-doos, you won't be paying extra fees for buying something.

[Via Reddit]

Sharmishta Sarkar
Sharmishta Sarkar
Managing Editor (APAC)

While she's happiest with a camera in her hand, Sharmishta's main priority is being TechRadar's APAC Managing Editor, looking after the day-to-day functioning of the Australian, New Zealand and Singapore editions of the site, steering everything from news and reviews to ecommerce content like deals and coupon codes. While she loves reviewing cameras and lenses when she can, she's also an avid reader and has become quite the expert on ereaders and E Ink writing tablets, having appeared on Singaporean radio to talk about these underrated devices. Other than her duties at TechRadar, she's also the Managing Editor of the Australian edition of Digital Camera World, and writes for Tom's Guide and T3.