WorldRemit vs PayPal:
Why you'd choose one over the other

Looking for alternatives to your bank for an international money transfer? WorldRemit and PayPal offer a far cheaper overseas money transfer service. But which company is should you choose? This comparison will help you find out whether WorldRemit or PayPal is the better option.

WorldRemit vs PayPal: The Important Bits


Safety: Based in the UK, licensed and well backed

Rates: You receive the interbank exchange rate on google

Fees: Percentage based fee

Speed: 1-2 business days for most transfers

Service: Limited phone support, but excellent online resources


Safety: One of the largest payment companies in the world

Rates: Vary depending on the situation

Fees: A lot depends on the country but is usually percentage based

Speed:  up to 6 business days

Service: Average customer service both on and offline

The Verdict

Safety: PayPal is a much bigger company with a strong record on compliance

Rates: Neither company offer fantastic exchange rates

Fees: WorldRemit are small, clear and simple, whereas the PayPal fee structure is complicated and hard to understand

Speed: PayPal is quicker for transfers to another account

Service: Both offer online support


PayPal for so long, has been the go-to company for receiving payments. To a large degree, it still is. Particularly if you're receiving money from credit cards. WorldRemit is a much cheaper option to pay money via a bank transfer or cash pick-up.

Both are fairly good at what they do - but they suit different people and situations.

  • PayPal is a better option for businesses or online shoppers
  • WorldRemit is better for transfers to friends and family overseas

Learn more about WorldRemit

Learn more about PayPal


The Australian Securities and Investments Commission (ASIC) is the government body that ensures and regulates fair and transparent conduct of financial services. Every financial service must be granted an Australian Financial Service (AFS) licence by ASIC to carry out business in Australia.

WorldRemit Pty Ltd is registered with AUSTRAC, and authorised and regulated by the Financial Conduct Authority (FCA) under the Payment Service Regulations 2009

PayPal are also properly regulated in the UK and Australia (AFSL 304962)

Exchange Rates

Like banks, money transfer providers usually make money in two main ways: Firstly, the margin from which they purchase currency at a wholesale rate and then sell the currency at a higher rate to customers. Secondly, they charge an additional transaction fee.

In WorldRemit's case, they add a margin to the exchange rate, but the rate they charge depends on the currency.

PayPal uses a retail exchange rate, which is a comparatively poor rate. The rate offered is the rate you'd get if you bought currency at the airport, which is one of the worst places to buy currency. If you make a payment with a credit or debit card, you could choose to use the currency conversion rate determined by your card provider instead.

Before making a decision, it is important to compare live exchange rates. Comparing PayPal’s rates is more difficult as you can only see the converted amount after you commit to buy.

Here are three ways to compare the rates offered by WorldRemit and different providers:

  1. View rates online at WorldRemit
  2. Use WorldRemit's currency calculator
  3. Compare exchange rates online with our money transfer comparison table


This is the fee structure to send money internationally with WorldRemit and PayPal. It is just as important to compare fees as well as exchange rates as mentioned above.

WorldRemit’s fee structure is a little bit complex. There isn’t a flat fee or even a set percentage fee. Their fee differs depending on the amount and where you are sending the funds. To read more on WorldRemit, click here.

The PayPal's fee structure is complicated. The fee you pay depends on the type of transaction you are doing, the country you are in and the country you are sending the money too. For a better run down on their fees as a payment gateway, click here

Accepted Payment Methods and Minimum & Maximum Transfer Amounts

WorldRemit allows you to transfer money with no minimum transfer amount, and a maximum transfer amount of $10,000.

With PayPal, you can send or receive as little as 3 cents and they have no limit for money transfers, but they do have credit card limits.

Customer Support

Should you have any queries, you can contact WorldRemit over the phone at+61 2 6145 2161 (within Australia).

To get in touch with PayPal Australia, call 1800 073 263.

Learn more about WorldRemit

Learn more about PayPal

By Justin Rampono Updated May 6th, 2020