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Measured from live quotes ·
Alternatives to PayPal
We price PayPal against every provider that quotes the same corridors. Across the 89 corridors we hold a $1,000 quote for it, PayPal’s median true cost is 8.49% — fee and exchange-rate markup combined. 8 specialists come out cheaper on the routes they share with it. The largest gap is Wise, at 1.05% against PayPal’s 9.03% on the 74 corridors both quote — about $79.80 per $1,000 sent, and cheaper on 100% of those corridors.
Cheaper than PayPal, on the corridors both quote
Each row is a head-to-head, not a league table. “Shared” is the number of corridors we hold a $1,000 quote for both providers on; the two cost columns are medians across exactly those corridors, so a provider is never credited for routes it does not serve. Win rate is how often it actually came out cheaper — a large saving with a win rate near 50% means a few routes are carrying it, not a consistent edge.
| Provider | Shared | Their cost | PayPal | Saved / $1,000 | Win rate |
|---|---|---|---|---|---|
 Wise | 74 | 1.05% | 9.03% | $79.80 | 100% |
 Western Union | 87 | 2.35% | 8.71% | $63.60 | 98% |
 Instarem | 55 | 0.73% | 5.29% | $45.60 | 100% |
 TapTap Send | 40 | 0.56% | 5.03% | $44.70 | 100% |
 Paysend | 14 | 0.65% | 5.03% | $43.80 | 100% |
 LemFi | 21 | 0.63% | 4.90% | $42.70 | 100% |
 CurrencyFair | 13 | 0.87% | 5.12% | $42.50 | 100% |
 Remitly | 68 | 1.16% | 5.33% | $41.70 | 99% |
Compare these live on your corridor
Medians describe the typical route, not yours. The cheapest provider on a given corridor on a given day is the one that matters.
How these figures are calculated
True total cost is (mid-market receive − actual receive) ÷ mid-market receive, so it captures the transfer fee and the exchange-rate markup in one number. Quotes are collected from provider APIs and websites every six hours; these are the ones at $1,000 in the send currency, collected September 20, 2026.
Figures are medians on shared corridors only: a provider quoting fewer than 8 of the same routes as PayPal is left out rather than given a row built on a handful of them. Ranking on site-wide averages would compare corridor mixes rather than prices.
Providers are ranked only on fee and FX cost — account features, cash-pickup networks and delivery speed are not in this ranking. See the full methodology and the Remittance Cost Index.
Provenance
- Data as of
- How the figures are produced
- median true total cost at $1,000, restricted to corridors both providers quote (src/lib/provider-alternatives.ts)
Primary sources
Analysis by
Akif HazarviEditor-in-Chief
Akif Hazarvi is the editor-in-chief of SendMoneyCompare with 8+ years in fintech and cross-border payments.
Corrections and independence: figures move with the scrape, so cite the data date above rather than the date you read this. Where we have published something wrong and fixed it, it is logged in corrections. No provider can buy a ranking or a place in these datasets — see our editorial policy and methodology.