PayPal business account in Singapore: Fees & features (2026 guide)
Rachel Tan
Business finance writer
Key takeaways:
PayPal Business Account is free to open and maintain, but businesses pay transaction and currency-conversion fees when receiving payments or converting funds.
PayPal supports international payments and online payment acceptance. Fees and available payment methods vary by transaction and market.
For more cost-effective transfers, Airwallex offers 0.4% to 0.6% FX conversion above the interbank rate, compared with PayPal's 3% or 4% currency-conversion fees.1
A PayPal Business Account gives businesses a way to accept online payments, send and receive money, and manage transactions through PayPal.
For businesses in Singapore, it can be useful for selling online or accepting payments from customers overseas, but fees, account requirements and available features vary by market.
This guide covers how a PayPal Business Account works in Singapore, its fees and features, and what to consider before opening one.
What is the PayPal Business Account?
PayPal's Business Account is designed for businesses that want to accept and send payments online under a business name.
It lets businesses receive customer payments, send invoices, make payments to suppliers and manage funds through PayPal.
Businesses can also connect PayPal with supported eCommerce platforms and other business tools to accept payments through their online store.
For Singapore businesses selling online or to overseas customers, a PayPal Business Account can provide another way to accept payments without requiring customers to have a PayPal account.
Information in this section is based on PayPal’s official website as of 6 Oct 2026.
Is the PayPal Business Account right for your business?
PayPal is a well-known payment platform with a broad international customer base, which can make it an attractive option for businesses selling online.
Whether it is the right fit depends on where your customers are located, how you accept payments and how often you need to move money between currencies or countries. Here’s what to keep in mind:
PayPal charges transaction fees when you receive payments, with rates varying by payment type and market.
Currency conversion can add to the cost when you receive or hold funds in a different currency from your preferred withdrawal currency.
Cross-border payments can involve additional fees depending on the transaction and how funds are transferred.
PayPal supports a range of payment methods, but the options available to customers vary by country and region.
Businesses that regularly receive and send money across multiple currencies may want to compare PayPal's fees and currency conversion costs with other business payment platforms.
For businesses with straightforward online payment needs, PayPal can be a convenient way to accept payments from customers in Singapore and overseas.
However, businesses with significant cross-border payment volumes should compare the total cost of receiving, converting and transferring funds rather than looking only at the transaction fee.
Looking for a more cost-effective business account? With Airwallex, you can access competitive FX pricing that saves you up to 80% on FX fees as compared to traditional banks. Plus, 94% of our transfers go through local rails with $0 transfer fees.
Information in this section is based on PayPal’s official website as of 6 Oct 2026.
What are the key features of the PayPal Business Account?
A PayPal Business Account gives Singapore businesses tools to accept payments, send invoices and manage transactions online. It can be particularly useful for businesses selling online or serving customers in different countries. Key features include:
Domestic and international payment acceptance
Businesses can accept payments from customers in Singapore and overseas through PayPal.
Available payment methods and currencies depend on the market and transaction type, while fees can vary based on factors such as where the payment comes from and whether currency conversion is involved.
Invoicing and payment requests
Businesses can create and send invoices through PayPal and give customers a way to pay online.
Invoices can be customised with business details, line items and payment terms, making the feature useful for businesses that bill customers directly rather than only through an eCommerce checkout.
eCommerce integrations
PayPal can be integrated with supported eCommerce platforms and shopping carts, including Shopify, WooCommerce and Magento. This allows businesses to offer PayPal as a payment option at checkout without building a payment integration from scratch.
The payment methods available through these integrations depend on the platform, market and PayPal integration being used, so businesses targeting Southeast Asian customers should check which local payment options are supported in their market.
Fraud protection and dispute management
PayPal provides transaction monitoring, fraud prevention tools and a dispute resolution process for eligible transactions. Businesses can use the PayPal platform to respond to customer disputes and track their status.
PayPal may also place holds or other restrictions on funds in certain circumstances, such as when transactions or accounts require additional review.
Mobile app and account management
The PayPal mobile app allows business users to monitor account activity, manage payments and access other account functions from a mobile device. Businesses can also manage transactions, invoices and other account settings through PayPal's web platform.
Information in this section is based on PayPal’s official website as of 6 Oct 2026.
What are the PayPal Business Account’s pricing and fees?
PayPal does not charge a fee to open or maintain a Business Account, but businesses pay fees when they receive payments or convert currencies.
Here are the main fees for Singapore businesses:
Fee type | Amount1 |
|---|---|
Account opening fee | S$0 |
Monthly fee | S$0 |
Receiving domestic payments | 3.90% + fixed fee |
Receiving international payments | Domestic rate + applicable international transaction fee |
Currency conversion | 4.0% above the base exchange rate when sending payments or receiving refunds 3.0% for converting balances, transfers, and payments received into another currency |
Fixed fee for SGD transactions | S$0.50 |
This information is based on publicly available information accessed on 6 Oct 2026. Information reflects Airwallex's own research and has not been independently verified.
Looking for a more cost-effective business account? Airwallex’s currency conversion is priced at 0.4% to 0.6% above interbank, which is lower than PayPal’s 3-4%.
How to set up the PayPal Business Account
You can apply for a PayPal Business Account online in Singapore. The information and documents PayPal requests can vary depending on your business and may include details about the business, its owners and authorised representatives.
The general process is:
Sign up for a Business Account through PayPal's Singapore website.
Enter your basic details, including your name, email address and password.
Provide your business information, such as your registered business name, UEN and business type.
Verify your email address and complete any identity or business verification requested by PayPal.
Provide your bank account details if you want to withdraw funds to a Singapore bank account.
Submit any supporting documents PayPal requests, which may include business registration documents, identification or proof of address.
Once your account is approved, configure your payment settings and connect any eCommerce platforms or other tools you plan to use.
After setup and verification, you can use the account to receive payments, send invoices and manage transactions through PayPal's website or mobile app.
Why Singapore businesses choose Airwallex over PayPal
PayPal can be useful for businesses that primarily need to accept online payments, send invoices and receive payments from customers. However, Airwallex may be a better fit for businesses that regularly manage international payments and need broader payment coverage.
Here’s what you get with Airwallex:
Lower FX costs. Airwallex charges 0.4% to 0.6% above the interbank rate for FX, while PayPal charges 3% to 4%.1
Free transfers via local rails. 94% of Airwallex’s transfers go through local rails with $0 transfer fees. PayPal does not currently publish information about free transfers on its Singapore website.
More local payment methods. Airwallex supports 160+ local payment methods across 180+ countries, compared with PayPal's 10+ local payment methods.2
You can sign up for an Airwallex Business Account fully online. There are no monthly fees or setup fees on the free Explore plan.
Frequently asked questions (FAQs)
Can I open a PayPal Business Account in Singapore?
Yes. Businesses in Singapore can open a PayPal Business Account online through PayPal. You will need to provide basic personal and business information, and PayPal may request additional verification or supporting documents depending on your business and account.
How much does a PayPal Business Account cost?
Opening and maintaining a PayPal Business Account in Singapore is free. However, PayPal charges fees for certain transactions, including receiving commercial payments and converting currencies.
What are the fees for a PayPal Business Account?
PayPal Business Account fees in Singapore depend on the type of transaction. For example, receiving domestic commercial payments is charged at 3.90% plus a fixed fee, while currency conversion fees can be 3% or 4% above the base exchange rate depending on the type of conversion1. International payments may also incur additional fees.
What documents do I need to open a PayPal Business Account?
The documents required depend on your business and PayPal's verification process. You may be asked to provide business registration details, identification for business owners or authorised representatives, and proof of address. PayPal will tell you which documents are required during the account setup or verification process.
Can a PayPal Business Account receive international payments?
Yes. A PayPal Business Account can receive payments from customers overseas. The fees and currencies available can vary depending on the sender's location, payment method and transaction, and currency conversion fees may apply when you convert funds.
What is the difference between a PayPal Personal Account and a Business Account?
A PayPal Personal Account is designed primarily for individual users, while a Business Account is designed for businesses that need to accept and manage customer payments. A Business Account also provides business-oriented features such as invoicing, payment tools and the ability to operate under a business name.
Sources:
https://www.paypal.com/business/paypal-business-fees
https://www.paypal.com/sg/enterprise/payment-methods
This publication does not constitute legal, tax, or professional advice from Airwallex nor substitute seeking such advice, and makes no express or implied representations / warranties / guarantees regarding content accuracy, completeness, or currency. This publication is not intended to be relied on for the purpose of making a decision about a financial product and users should verify details independently. This advertisement has not been reviewed by MAS. It is for general information only.
All comparisons and information contained in this publication reflect only Airwallex’s own research using public documentation on the stated dates and have not been independently validated.
Product features, pricing and other details are subject to change. All third-party names, products, and logos are trademarks of their respective owners and are referred to for identification and compatibility purposes only. If you would like to request an update, feel free to contact us at [[email protected]].
Airwallex (Singapore) Pte. Ltd. (201626561Z) is licensed as a Major Payment Institution and regulated by the Monetary Authority of Singapore.
Rachel Tan
Business finance writer
Rachel is a fintech writer at Airwallex, helping businesses make sense of complex fintech topics through engaging and relevant content. With a background in strategic communications for businesses in enterprise tech, eCommerce, and cross-border logistics, she enjoys connecting the dots between industry trends and real-world business challenges of today.
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