How to send money from PayPal to Wise

How to send money from PayPal to Wise

What is PayPal?

PayPal is a digital platform that allows individuals and businesses to send and receive money online.

It acts as a payment gateway, enabling users to make online purchases, send money to others, and manage their financial transactions securely.

PayPal is widely used for online transactions and offers features like buyer protection, various payment options (including credit cards and bank accounts).

You can manage your funds with your PayPal account.

What is a digital platform?

A digital platform is a system, interface, or digital space that enables business transactions, collaboration, or interaction.

It can be an app, website, or software that connects sellers and customers, facilitating digital services and transactions.

In addition, digital platforms can be categorized as product-dependent (offering services related to a physical product) or product-independent (offering additional services)

How to open a PayPal account

To open a PayPal account, navigate to the PayPal website and click “Sign Up”.

Choose either a Personal or Business account, then enter your details (name, email, password) and follow the prompts to create your account.

You’ll also need to verify your email address, and you can optionally link a bank account or card for payments.

See a detailed breakdown below:

Go to the PayPal website: Visit www.paypal.com.
Click “Sign Up”: This is usually located in the top right corner.
Choose an account type: Select either “Personal Account” for individual use or “Business Account” if you plan to use it for business purposes.
Enter your details: Provide your name, email address, and a secure password.
Confirm your email: PayPal will send a verification link to your email address. Click the link to confirm your account.
Link a payment method (optional): For sending payments, you can link a bank account or credit/debit card to your PayPal account.
Start using PayPal: You can now use your PayPal account to send and receive money and make online purchases.

What is Wise?

Wise was established in 2011 as a more innovative and cost-effective way to send money across borders.

It aims to offer international money transfers in a way that is cheaper, quicker, and therefore, it is more convenient than using a high street bank.

The company has over 10 million active customers and facilitates money transfers in 40 currencies globally, worth around £10 billion monthly.

A significant part of Wise’s appeal, which is essential in a crowded market, is its straightforward transfer pricing structure.

Wise uses the mid-market rate for all transactions, applying a single fee, starting at 0.33% per transaction.

How to open a Wise account

To send money with Wise, you’ll need to create an account.

To open a Wise account, you can apply online on the website or download the app to your phone or tablet.

After registering with basic personal information and an email address, you’ll be asked to upload photo ID evidence, such as your passport or driving license, to complete the application.

This shouldn’t take more than a few minutes.

However, it is essential to factor in this time when making your first money transfer with Wise.

Once your account is up and running, you can make payments from your bank to convert to the currency or currencies of your choice.

Click here to open a Wise account now!

What do customers say about Wise?

According to Forbes, Wise has a Trustpilot rating of 4.3 out of 5 from more than 255,000 consumer reviews (April 2025), including 81% who rated the service as 5 stars.

Among recent customer reviews on Trustpilot, users said:

“It was easy and efficient to make the transaction.

“Money was received in minutes by the recipient.”

“Wise is an excellent service for international money transfers.“

“It’s fast, easy to use, and offers great exchange rates with low, transparent fees.“

“I’ve had a smooth experience every time.”

How to Send Money from PayPal to Wise

Transferring money from PayPal to Wise (formerly TransferWise) can be helpful when you want to take advantage of Wise’s low-cost international transfers or better exchange rates.

While PayPal and Wise do not have a direct transfer option between accounts, you can still move funds between these platforms by following a few steps.,

Step 1: Withdraw Money from PayPal to Your Bank Account

The first step is to transfer the money from your PayPal account to your linked bank account.

Log in to your PayPal account.
Click on “Transfer Money” or “Withdraw Funds.”
Select your linked bank account as the destination.
Enter the amount you want to withdraw.
Confirm the transaction and wait for the funds to arrive in your bank account. Depending on your bank, this may take 1-3 business days.

Step 2: Add the Funds to Your Wise Account

Once the money has arrived in your bank account, you can add it to your Wise account.

Log in to your Wise account.
Click on “Add Money” or “Top Up.”
Choose your bank account as the source to fund your Wise balance.
Furthermore, enter the amount you wish to add.
Follow the prompts to complete the transfer from your bank to Wise.

Step 3: Send Money Internationally Using Wise

With funds now in your Wise account, you can send money internationally with low fees and competitive exchange rates.

In your Wise dashboard, select “Send Money.”
Enter the recipient’s details and the amount to send.
Choose the currency and confirm the transfer.
Finally, Wise will convert your money at the real exchange rate and send it to the recipient.

How to send money from PayPal to Wise

Tips and Considerations

Keep in mind that withdrawing money from PayPal to your bank may incur fees or delays, depending on your country and bank.
Wise offers transparent fees and mid-market exchange rates.
Always double-check recipient details before sending money with Wise to avoid errors.
If you frequently need to move money between PayPal and Wise, consider linking the same bank account to both services.