When you send or receive money internationally through PayPal, especially if it involves a currency conversion, PayPal applies specific exchange rates and fees. This calculator helps you understand the net amount you'll receive after these deductions.
How it Works:
1. Amount to Convert: This is the initial amount of money you intend to send or receive in your original currency.
2. Exchange Rate: This is the rate at which your original currency will be converted into the target currency. For example, if you're converting USD to EUR, and the rate is 0.85, then $1 USD will become €0.85 EUR. It's crucial to use the real-time exchange rate for accuracy. PayPal's actual exchange rate might differ slightly from the market rate.
3. PayPal Fee (%): PayPal charges a percentage of the transaction amount as a fee. This percentage can vary based on your account type, region, and the type of transaction.
4. PayPal Fixed Fee: In addition to the percentage fee, PayPal often charges a small fixed fee per transaction. This fixed fee is typically applied in the currency you are receiving.
The Calculation:
The calculator first converts your original amount to the target currency using the provided exchange rate. Then, it calculates the PayPal fees based on the converted amount and applies the fixed fee. The final result shows the net amount you will receive in the target currency after all conversions and fees.
Formula Breakdown:
Amount in Target Currency (before fees): Original Amount * Exchange Rate
Net Amount Received: Amount in Target Currency (before fees) – Total Fees
Use this calculator to estimate your transaction costs and ensure you know exactly how much will be converted and received. Always check PayPal's official fee structure for the most up-to-date information.
function calculatePaypalConversion() {
var originalAmount = parseFloat(document.getElementById("originalAmount").value);
var exchangeRate = parseFloat(document.getElementById("exchangeRate").value);
var paypalFeePercentage = parseFloat(document.getElementById("paypalFeePercentage").value);
var paypalFixedFee = parseFloat(document.getElementById("paypalFixedFee").value);
var resultDiv = document.getElementById("result");
resultDiv.innerHTML = ""; // Clear previous results
if (isNaN(originalAmount) || isNaN(exchangeRate) || isNaN(paypalFeePercentage) || isNaN(paypalFixedFee)) {
resultDiv.innerHTML = "Please enter valid numbers for all fields.";
return;
}
if (originalAmount <= 0 || exchangeRate <= 0 || paypalFeePercentage < 0 || paypalFixedFee < 0) {
resultDiv.innerHTML = "Please enter positive values for amounts and rates, and non-negative fees.";
return;
}
// Calculate amount in target currency before fees
var amountInTargetCurrency = originalAmount * exchangeRate;
// Calculate percentage fee based on the converted amount
var percentageFee = amountInTargetCurrency * (paypalFeePercentage / 100);
// Calculate total fees
var totalFees = percentageFee + paypalFixedFee;
// Calculate net amount received
var netAmountReceived = amountInTargetCurrency – totalFees;
// Display the results
var outputHtml = "