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How To Convert US Dollar To Philippine Pesos On PayPal

Updated on January 07, 2022 11:13 am
Convert USD to PHP on Paypal

If you are looking to send money to a recipient via PayPal, say in the Philippines (USD to PHP), either for personal or business use, here's some information about the platform that can help make that transaction easier for you.

Here is a step-by-step guide to convert USD to PHP on PayPal: 

  1. Log into your PayPal account.
  2. Go to your Wallet page.
  3. Click the Options icon beside the currency you want to convert which is USD. 
  4. Click Convert currency. (You'll need to have an available balance to progress.)
  5. Select the currency you want to convert to which is PHP and then click Next.
  6. Enter the amount of USD you want to convert to PHP and click Next.
  7. Click Convert Now.

PayPal For Personal Use

A PayPal personal account is for those who use it to carry out personal transactions like online shopping or transferring money to family and friends. Setting up a personal PayPal account requires only an email address and some basic information. Once you have a PayPal account, you can receive and send money from/to any user who owns a PayPal account.

PayPal For Business

PayPal business account is for organizations to manage their global transactions effortlessly. Accepting and processing credit and debit card payments in more than 100 currencies for 200+ countries, PayPal is a reliable and popular online payment service provider that many businesses worldwide employ. 

Payment Via PayPal Using Your Account

You can easily make a payment via your PayPal account either through a money request/invoice or by setting up the payment yourself.  All you need is the recipient's email address or telephone number. Follow these simple steps:

1. Start the Payment

If you've received a money request or invoice via email, all you need to do is click the "Pay Now" button to get started. 

You will then be redirected to log in page of PayPal. Simply log in to your account and click the "Send and Request" button. 

2. Choose Between a Personal and Business Payment

When you start a payment yourself, PayPal will ask you if the payment is for goods and services or a personal transaction to family and friends either in the US or internationally. 

3. Enter the Recipient Details

Next, you will enter the recipient's email address or phone number to whom you wish to pay. Ensure having correct recipient details before proceeding. 

4. Enter the Currency and Amount

In this step, you'll need to enter the amount and currency you wish to send in which is USD, and confirm the recipient's currency which is PHP using the drop-down boxes.

5. Choose a Funding Source

There are quite a few choices of funding sources such as PayPal balance, credit or debit card, or a linked bank account. Keep in mind that your source of funds will have an impact on your cost of sending money. Credit cards are usually the most expensive. 

6. Review the Payment and Confirm

Once you've added the amount and the funding source, confirm the payment, and a receipt will be sent to you at your email address confirming that the payment has been processed.

Payment Via PayPal Without A PayPal Account

Payment through PayPal without an account can be done only when you receive a money request or invoice via email. 

All you need to do is click the "Pay Now" button on the email, enter your debit or credit card details and make the payment. However, keep in mind that payment via a debit/credit card will turn out to be more expensive than via a linked bank account. 

Fees Charged By PayPal To Convert USD To PHP

PayPal fees will vary on multiple factors such as: 

  • Whether you are using it for personal use or business 
  • Whether you are sending money domestically or internationally
  • The country you are sending from and to
  • The payment method and the receiving method

While it is free to use the platform for domestic transfers between friends and families, there may be charges for USD to PHP currency conversion. 

Here is a snapshot of PayPal fees: 



Why Is Exchange Rate Important When Sending Money?

If you've ever sent money abroad, you would have surely come across the term "exchange rate". The exchange rate is one of the most important factors to consider when you are converting one currency to another.

But what is an exchange rate? Simply put, the exchange rate is the value of one currency expressed in terms of another currency.  

For instance, when you send money to the Philippines from the USA, the conversion of dollars to pesos is done via an exchange rate. And the rate of exchange rate will determine how many pesos your recipient in the Philippines is getting for every dollar that you send.

Suppose you convert one dollar to Philippine pesos using the following two exchange rates:-

  • 1 USD/PHP 50
  • 1 USD/PHP 45

In the first example, one US dollar equals 50 Philippines pesos, meaning payment of 1000 USD will fetch the recipient 50000 pesos. In the second example, the same 1000 USD will only convert to 45000 pesos.

It is simple math but a slight difference in the exchange rate can make a big difference when you are sending money internationally. This is why getting the best exchange rate for an international money transfer is critical.

It is a well-known fact that the exchange rate fluctuates, but a little-known fact is that the exchange rate varies depending on the money conversion or transfer service. PayPal is one such service

How to get the best exchange rate deals for USD to PHP? Compare the exchange rates in real-time offered by the best money transfer companies before sending money internationally.

5 Alternatives To PayPal For Sending Money To The Philippines



PayPal is one of the most well-known and dependable platforms to transfer money online today. However, it's not always the cheapest. You can also opt for other reliable alternatives to receive and send money to the Philippines. 

1. Xoom

Xoom is a PayPal service that allows you to send money to family and friends all around the globe. Whether you want to pay international bills or send money to a recipient's debit card, bank account, or mobile wallet, Xoom is usually a cheaper option to transfer money than PayPal. 

2. Wise

Using Wise for money transfers is best for individuals or service-based businesses dealing in large volumes of international transactions. It allows quick transfer of funds and is easy to use. It is often the cheapest way to send money to the Philippines that offers a high USD to PHP exchange rate. 


Xe is one of the most popular online currency exchange providers that allows you to send money in more than 60 currencies in over 130 countries. If you regularly transfer money internationally and want to save on every transaction, Xe can be your ideal choice. Why? Because Xe offers competitive exchange rates without any hidden fees.

4. Remitly

Remitly is a Seattle-based digital financial service provider that can transfer money in over 135 countries worldwide. It is one of the fastest money transfer platforms to get your money to the recipient within hours. The fee at Remitly ranges typically between 0.5% and 2.0%. 

5. Instarem

Instarem offers fast and cost-effective international money transfer services for personal and business use in over 55 countries around the globe. InstaReM offers comparative transaction charges, ranging between 0.25% to 1.0%. It also provides faster transactions compared to many other modes of international money transfer. 


Another option you have when sending money to the Philippines from the United States is Pomelo. Pomelo is a new way of sending money overseas to the Philippines that doesn't actually involve sending money! Sign up for an account on their website, and a card will be sent to your beneficiary in the Philippines. Your beneficiary can spend money using the card, and you pay the monthly balance. Plus, pay no fees, get a super competitive USD to PHP exchange rate, and avoid the hassle of waiting for funds to arrive or cash pickup. Try Pomelo today!

Bottom Line

Unlike sending money to someone in the same country, international transactions bring in the added difficulty of currency conversion. Now that you know why the exchange rate is essential in sending money to the Philippines, always compare USD to PHP exchange rate before making an international money transfer. 

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