PayPal Singapore

Payment service provider · Singapore, Singapore

PayPal Pte. Ltd. is the widest-licensed entity in this batch. The Monetary Authority of Singapore lists it as a Major Payment Institution for six regulated activities at once: account issuance, domestic money transfer, cross-border money transfer, merchant acquisition, e-money issuance and digital payment token services. That combination lets it hold balances for Singapore businesses, acquire card payments for them and settle money out of the country. It publishes a full merchant fee schedule for Singapore, separating domestic from international transactions with a market grouping table and a downloadable version dated 28 May 2026. What it does not offer is credit, cash handling or a treasury product.

Legal name: PayPal Pte. Ltd.
Regulated by: Monetary Authority of Singapore
Licence confirmed: yes, on a regulator's own list
Website: www.paypal.com/sg

Scores, 0 to 10

8.0Stablecoins (USDC, USDT and others)

Since March 2026 Singapore business accounts can buy, hold, send to external wallets, receive and sell PYUSD at a fixed 1 USD; the group's stablecoin is issued by Paxos, not by the Singapore entity, and rewards are not paid in Singapore. · source

7.5Asia-Pacific (SG, HK, AU, JP, KR)

A Singapore Major Payment Institution licence covering six regulated activities, including merchant acquisition and e-money issuance, registered at Suntec Tower Five. · source

7.0Fast digital onboarding

Merchant signup is fully online and self-serve, and the fee schedule is published before signup so a seller can price the decision. · source

7.0Online businesses: e-commerce and SaaS

Merchant acquisition is a licensed activity, the fee schedule covers domestic and international selling, and Braintree serves larger merchants. Recurring billing and international collection are supported and the fee schedule is public, but there is no receiving account structure or recurring revenue financing. · source

6.5Financial strength & stability

Six regulated activities under one Singapore licence and a listed parent, but the local entity publishes no accounts, capital or rating of its own. · source

6.5Crypto wallet and custody for a business

PayPal Pte Ltd's cryptocurrency terms (updated 28 May 2026) provide a Business Cryptocurrencies Hub inside a business account under its MAS digital payment token licence, with assets held in omnibus trust accounts at Paxos; there are no multi-user approval controls and in Singapore only PYUSD is offered. · source

6.0Lowest fees

A full merchant fee schedule is published with a downloadable version dated 28 May 2026, though international rates depend on a market grouping table rather than one headline number. · source

6.0Startups & VC-backed companies

Self-serve online onboarding with published pricing suits an early-stage seller, but there is no startup programme or financing published for Singapore. · source

6.0On-ramp: buy crypto with fiat

A business hub can buy PYUSD at 1 USD from the PayPal balance, a linked bank account or a debit card, but in Singapore only the stablecoin can be bought and no business limits are published. · source

6.0Off-ramp: crypto to fiat in a business account

PYUSD sold in a Business Cryptocurrencies Hub pays out into the PayPal business account at 1 USD per token, subject to PayPal holds and reserves on sale proceeds; only the stablecoin is covered in Singapore. · source

5.0Cross-border payments, FX and multi-currency accounts

Cross-border money transfer is a licensed activity and international pricing is published by market grouping, but the currency conversion margin is not shown on the fee page. Account issuance and e-money issuance let a business hold balances, but there is no cash pooling, hedging or multi-entity account structure. · source

5.0Fintech companies that need a partner bank

Braintree gives platforms direct card acquiring, but PayPal offers no safeguarding accounts or rail sponsorship to other payment firms. · source

5.0Foreign-owned & non-resident companies

A Singapore-licensed entity serving Singapore sellers who can transact with more than a hundred listed markets, but with no published policy on foreign-owned Singapore companies. · source

4.5Crypto-friendly bank

The Singapore licence includes digital payment token services, but PayPal publishes no policy on onboarding crypto exchanges or brokers as merchants. · source

4.5Business cards (Visa, Mastercard)

PayPal acquires card payments for merchants; no business debit or credit card programme is published for the Singapore entity. · source

3.0Best interest on business balances

No interest is paid on merchant balances and no savings or treasury product is published for Singapore. · source

2.5High-risk verticals (iGaming, cannabis, adult, forex)

No onboarding path for gambling, cannabis, adult or forex operators is published on the Singapore merchant fee pages. · source

2.0Accept crypto payments

The PayPal group's Pay with Crypto checkout (0.99% until July 2027) is limited to verified US business accounts per PayPal's developer docs, so merchants contracting with PayPal Singapore cannot take crypto at checkout, checked September 2026. · source

1.5Trade, manufacturing & import-export

No letters of credit, guarantees or supply chain finance. · source

1.5Customer satisfaction

Trustpilot 1.4 out of 5 from 41,168 reviews on the paypal.com profile, with 8% five-star and 88% one-star. · source

1.5Bitcoin

PayPal's March 2026 expansion brought only PYUSD to Singapore business accounts and no bitcoin offer for Singapore was found; bitcoin buying sits with PayPal's US entity, checked September 2026. · source

1.5Ethereum

No ether offer for Singapore accounts was found; the only asset PayPal lists for Singapore businesses is PYUSD, which runs on Ethereum among other chains, checked September 2026. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.