Lorne
Veteran Member
I thought about putting this in the Rants section, but it isn't one (it'll probably turn into one though).
I've used the Send Money feature in PayPal before, and never realized there are sometimes fees associated with the deal.
I only found out through reading about the terms, after the cork pad sales where I was dinged anywhere from 4% to 11% (depending on the value of the sale). I wised up part way through, and let later buyers know to send it as a "gift" or one of the other options, so nothing was deducted for fees.
For those that haven't read it:
"It's always free to send money to friends and family when you use your PayPal balance or bank account. Fees only apply if the sender uses a credit or debit card, or if you receive any payment for goods or services."
So the gist of it is; don't Send Money for Goods or Services, and preferably have money in your PayPal or bank account. If you do that, the money goes straight through with no fees deducted.
Nice racket they've got going, huh?
They certainly don't highlight the fees or how to avoid them, on the Send Money page.
PS: to those of you I've ever sent money to before through PayPal, sorry you got dinged fees - it won't happen next time.
I've used the Send Money feature in PayPal before, and never realized there are sometimes fees associated with the deal.
I only found out through reading about the terms, after the cork pad sales where I was dinged anywhere from 4% to 11% (depending on the value of the sale). I wised up part way through, and let later buyers know to send it as a "gift" or one of the other options, so nothing was deducted for fees.
For those that haven't read it:
"It's always free to send money to friends and family when you use your PayPal balance or bank account. Fees only apply if the sender uses a credit or debit card, or if you receive any payment for goods or services."
So the gist of it is; don't Send Money for Goods or Services, and preferably have money in your PayPal or bank account. If you do that, the money goes straight through with no fees deducted.
Nice racket they've got going, huh?
They certainly don't highlight the fees or how to avoid them, on the Send Money page.
PS: to those of you I've ever sent money to before through PayPal, sorry you got dinged fees - it won't happen next time.