Paypal question

Discussion in 'General Discussion' started by 46+2, Apr 12, 2011.

  1. 46+2

    46+2 Well-Known Member

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    Does paypal charge the recipient if you send money with paypal funds?
     
  2. tikgnat

    tikgnat Baweepgranaweepninnybong. TFW2005 Supporter

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    I believe so. Whenever you recieve money, Paypal take a % cut of that. After that any transfers of money from your Paypal account (ie, into your bank account) are not deducted.

    I think.
     
  3. Moonscream

    Moonscream YES, We EXIST!

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    It depends on how it's sent, like if it's a 'gift' or a 'payment', and whether the person has a business level account or just a regular free one. Of course, you could look it up on the PayPal site..

    --Moony
     
  4. Fishdirt

    Fishdirt Tin Toy Transformer

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    However with gift you cannot dispute a transaction.
     
  5. TFXProtector

    TFXProtector Well-Known Member

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    There should be no fee involved to receive money/payments unless you're a Premier/Business account holder.

    Even then, the fees can be waived if you use your PayPal balance instead of a debit or credit card. Heck, you can even send an instant transfer from your bank account without fees.

    And even if you were charged fees, it'll mention that on the payment page before you confirm and send it. It'll ask if you want to pay it, or the recipient.

    If it didn't ask, then you're good to go. And so is the recipient.
     
  6. Fishdirt

    Fishdirt Tin Toy Transformer

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    wrong. I have a regular account and when someone purchases something from me fees are removed from the purchase price.

    Paypal doesn't do instant bank transfers either. There has always been a 4 to 5 day hold. Little less then instant if you ask me.
     
  7. ShortCircuit

    ShortCircuit Decepticon

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    Its absolutely instant transfer if you transfer funds to a paypal debit card. No waiting at all. And the cash back is nice.
     
  8. Fishdirt

    Fishdirt Tin Toy Transformer

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    IF you have the card yes kinda (there is no transfer of funds but a "check" of sorts, it still takes a few days to clear so it can still bounce in your bank). For ebay though use not so though.

    I do recommend getting the debit card to anyone just for this reason.
     
  9. Red Alert

    Red Alert Security

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    I use my Paypal card for gas,food,postage and buying more stuff.



    recommended if you sell on ebay.
     
  10. The Dark Seeker

    The Dark Seeker TFW2005 Supporter

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    I've always paid via checking account through Paypal and from what I'm aware, there weren't any fees (unless the changed that recently?).
     
  11. Cool Hand Lube

    Cool Hand Lube Well-Known Member

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    If you buy goods, the $ recipient pays the fees. If you send as a gift, the $ sender pays the fees. Neither of those statements mean dick-all if you have funds in your PayPal account and pay out of that, because PayPal has already made more than your fees in interest for your money sitting in their accounts.
     
  12. bigkid24

    bigkid24 Well-Known Member

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    Depends. If it's personal no. If it's a purchase then yes.

    Back in the day if you used paypal funds there was no charge but that was a loooooong time ago.

    Actually they do instant bank transfers. I forget what the requirements are but I've sent them before. On the recipient's side there is no waiting period for the money.

    echecks suck but I've had to send them before too.
     
  13. Fishdirt

    Fishdirt Tin Toy Transformer

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    That's news to me since the bank takes a couple days to clear and then the money is diverted into a money market account for 2 to 3 days to accrue interest (for paypal to make a dollah) before hitting your paypal account. A couple years ago there was no wait for the recipient on ebay but now 4 to 5 days is the message that pops up after you make the purchase and the whole or partial funding source is the bank.

    Regardless the best thing to do is actually go to the source and research. Apparently paypal is as shady as it's mother ebay when dealing with individuals.
     
  14. bigkid24

    bigkid24 Well-Known Member

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    From the paypal website:

    How do I send an Instant Transfer using my U.S. bank account?

    Question :
    Answer :
    When you send an Instant Transfer, money is securely transferred from your U.S. bank account to your recipient’s PayPal account. The recipient doesn’t see your bank information.

    To make an Instant Transfer, you must add a backup payment method to your PayPal account. We’ll use your backup payment method if your Instant Transfer doesn’t go through.

    Here's how to send an Instant Transfer using your U.S. bank account:

    1. Log in to your PayPal account.
    2. Click Send Money near the top of the page.
    3. Enter the email address or mobile phone number of your recipient.
    4. Enter the amount you want to send, and then click Continue.
    5. Click Change under Payment Method on the Send Money page.
    6. Select Instant Transfer and click Continue.
    7. Review your information and click Send Money.
     
  15. Fishdirt

    Fishdirt Tin Toy Transformer

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    yeah, it doesn't work as cut and dry as that. No issues with paypal and my last instant transfers took 5 days to process.
     

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