When you use FC Exchange or PayPal for overseas fund transfers, you know you are dealing with a trustworthy company. In addition, since both companies specialize in international repatriation of funds, they typically offer better deals than most big banks.
To choose between the two, various aspects require your attention. This PayPal vs. FC Exchange comparison is divided into different sections to highlight the differences and similarities within these companies:
- Exchange Rates
- Ease of Use
- Regular Overseas Payments
Fund Transfer Fees
Since the fees you pay can have a noticeable difference on the cost of your transfer, this aspect of the FC Exchange vs. PayPal comparison requires careful consideration.
- Factors such as the payment method and the destination country have an effect on the fees FC Exchange charges.
- You find out the fees FC Exchange charges before confirming your transfer.
- While FC Exchange tries to calculate the fees some intermediaries might charge ahead of time, this is not always possible.
- Read the FC Exchange review to get further details about the company’s fee structure.
- The country you reside in and the payment method have an effect on the fees you have to pay.
- In the U.S., 0% to 2% fees apply on payments made using PayPal balances or bank accounts. If you pay your for transfer via a debit or credit card, the company can charge anywhere from 2.90% to 5.99%, along with a fixed fee.
Ease of Use
The online registration process with both companies takes no more than a few minutes. To begin transferring funds, you wait a short time until the verification of your details is complete. This section of the PayPal vs. FC Exchange comparison favors the former when it comes to providing website access in foreign languages.
- You can register with the global FC Exchange website as an individual or a business.
- You can access the global FC Exchange website only in English.
- The company lets you initiate transfers online and over the phone. In some cases, it accepts orders via fax and email.
- Access to the PayPal website appears in various languages such as Spanish, Italian, German, Portuguese, Swedish, and Japanese.
- You can pay for your transfer using your PayPal balance, a debit card, or a credit card.
- You can use electronic bank transfers to fund your PayPal account.
- The recipient should have a PayPal account to receive transferred funds. Moving transferred funds into a local bank account follows.
- Your PayPal balance can be quite handy when shopping online.
Regular Overseas Payments
If you plan to make transfers on an ongoing basis, this section of the FC Exchange vs. PayPal comparison tilts the scale in favor of one company. Setting up routine transfers through FC Exchange is easy, whereas PayPal does not offer this functionality yet.
- Find out which one is better, CurrencyFair and Paypal.
- Read about TransferWise features and their pro’s and con’s.
- Who is similar to OFX.com?
FC Exchange Vs PayPal Updates
- 4th April 2017: FC Exchange no longer offering Online Seller features and has been removed from this comparison.