Here’s a closer look at PayPal Business features and fees for Singapore-based small businesses, solopreneurs, and enterprises
Key takeaways
- PayPal Business in Singapore supports payments through PayPal payments, debit and credit cards, digital wallets, and local alternative payment methods
- International commercial transactions are charged at 4.40% plus a currency-specific fixed fee2
- PayPal Business offers integration with major ecommerce, accounting, marketing, and operations tools3
- WorldFirst’s World Account lets businesses send, receive, and hold funds in 20+ currencies from a single account
PayPal is a digital payments platform that allows individuals and businesses to send and receive money online. With PayPal Business, registered businesses can accept payments globally, send professional invoices, generate payment links, pay international recipients, and manage payments from one unified platform.
This review examines account features, transaction fees, and the registration process for PayPal Business users in Singapore. It also explores the World Account, a multi-currency account by WorldFirst for managing international payments.
What is PayPal Business?
PayPal is a digital payments platform with more than 400 million active users across 200+ countries.4 It offers personal and business accounts for users in Singapore. Registered solopreneurs, small businesses, and enterprises can accept payments in 130+ currencies and send funds in 50+ currencies.5 The PayPal Business account also offers access to developer tools, checkout integrations, an invoicing system, and a reporting dashboard.
Quick look: Pros and cons
| Pros | Cons |
|
|
PayPal Business Singapore fees: The breakdown
| Fee type | PayPal Business fees |
| Account opening | Zero6 |
| Monthly account fee | Zero6 |
| Domestic transaction fee (receiving) | 3.90% + S$0.50 per transaction2 |
| International transaction fee (receiving) | 4.40% + currency-specific fixed fee2 |
| Currency conversion | 4.0%2 |
| Sending payments to other PayPal users (Domestic) | 2.0% of transaction amount (maximum S$1.60) for PayPal Payouts2 |
| Sending payments to other PayPal users (International) | 2.0% of transaction amount (maximum S$80.00) for PayPal Payouts2 |
| Withdrawal to Singapore bank account | Zero for withdrawals of S$200.00 or more
S$1.00 for withdrawals below S$200.002 |
| Chargeback fee | S$152 |
*Fees checked in September 2026.
PayPal Business Singapore: Business features
Online payment acceptance
PayPal offers PayPal Checkout and Expanded Checkout, allowing merchants to accept payments across 200+ markets in 130+ currencies.4 Both cover major card networks, including Visa and Mastercard, alongside PayPal Payments. Expanded Checkout also supports locally preferred payment methods such as Alipay, iDEAL and BLIK.1
Invoicing
PayPal’s lets businesses create invoices and share them through email, SMS, QR code, or a shareable link.8 Customers can pay an invoice online without holding a PayPal account, using a card or their PayPal balance. Businesses can accept payments in 20+ currencies.8
International transfers
Singapore business accounts can use PayPal to send fund across 96 markets and 24 currencies.5 Larger businesses can use Enterprise Payouts, which cover more than 200 markets and over 50 currencies.5 Both domestic and international payouts attract a 2% fee of the transaction amount, capped at a maximum fee per transaction.7
Business tools and integrations
PayPal connects with e-commerce stores like Shopify, BigCommerce, Magento, and WooCommerce and also integrates accounting, marketing, and operations tools.9 Merchants can create no-code payment links, and developers get PayPal REST API and JavaScript SDK to create customised checkouts.3
Is PayPal regulated in Singapore?
Yes. PayPal Pte. Ltd. is licensed by the Monetary Authority of Singapore as a Major Payment Institution under the Payment Services Act 2019.4
→ Take a look at the top digital payment methods in Singapore
How to open a PayPal Business account in Singapore
- Create a PayPal Business Account: Visit PayPal’s Singapore sign-up page and select a business account
- Enter verification details: Provide the required details, including full legal name, email address, password, Singapore Unique Entity Number (UEN) or business registration number, and business description6
- Link bank account: Add local Singapore bank account details (SGD) for fund withdrawals, and optional credit or debit cards for verification
- Set up payment tools: Connect your PayPal business account to your e-commerce store and accounting, inventory management, and marketing automation software
- Review and completion: PayPal takes up to three days to review uploaded documents and complete the verification process10
The World Account: Built for global businesses
WorldFirst is an international payments provider offering the World Account, a multi-currency account for businesses to send, hold, and receive funds in 20+ currencies.
The World Account’s key features include:
Multi-currency capabilities
The World Account gives businesses dedicated local currency accounts in 20+ currencies, allowing them to receive international payments at no cost and manage multiple currencies from a single dashboard.
International transfers
World Account holders can send payments in 100+ currencies across 200+ countries and regions. There are no fees when sending payments to other World Accounts. Also, forward contracts are available for Singapore businesses to lock in an exchange rate ahead of a future transfer.
Marketplace integrations
World Account holders can receive payments from 130+ marketplaces and payment gateways, including Amazon, Shopify, Stripe, Etsy and others.
Business payment card
Mastercard-powered World Card is a multi-currency card supporting payments in 150+ currencies. It offers zero FX fees in 15 supported currencies (as long as there is sufficient balance held in that currency). Businesses can issue up to 20 virtual business cards at no cost.
World Pay
World Account holders can pay 1688 suppliers through World Pay, the authorised international payment provider for 1688.com.
FAQs
1. Is PayPal available in Singapore?
Yes, PayPal is available in Singapore for both personal and business accounts, provided by PayPal Pte. Ltd.
2. What are PayPal Business fees in Singapore?
PayPal does not charge a setup or monthly fee for a business account, but it charges transaction fees when you receive payments for goods and services. PayPal fees for standard domestic commercial transactions is 3.90% + a fixed fee of S$0.50 and 4.40% plus a currency-specific fixed fee for international commercial transactions.
3. Does PayPal offer a business debit card in Singapore?
No, PayPal does not currently offer a business debit card for accounts registered in Singapore.
Sources
- https://newsroom.apac.PayPal-corp.com/PayPal-Complete-Payments-Launches-for-Singapore-Businesses-to-Double-Down-on-E-commerce-Growth
- https://www.PayPal.com/sg/business/PayPal-business-fees
- https://www.PayPal.com/sg/business/accept-payments
- https://www.PayPal.com/sg/business
- https://www.PayPal.com/sg/business/make-payments
- https://www.PayPal.com/sg/business/open-business-account
- https://www.PayPal.com/sg/legalhub/PayPal/seller-protection
- https://www.PayPal.com/sg/business/accept-payments/invoice
- https://www.PayPal.com/sg/webapps/mpp/partner-directory
- https://www.PayPal.com/sg/cshelp/article/how-do-i-confirm-my-identity-cip-help606
This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.
