FloridaHeli
Senior Heliman
Location: jacksonville, florida
My Posts This: Topic Forum | Send as Gift instead of GoodsWhen you PayPal as a "Gift" the PayPal fee comes from the Seller instead of the buyer. So if you PayPal $100 as a gift then your cc or bank account gets charged $103.20. If you select "Goods" the buyer pays the fee (he only receives $96.80) and your cc or bank account gets charged the actual payment only; $100. SOMEBODY has to pay PayPal for them to do business.
So, if you are interested in buying something that the seller says pay as "Gift" then you need to add the PayPal fee to what he is asking and decide if it is worth the extra money.
From the PayPal help page:
| Quote |
| Sending money – Personal payments:
It's free within the U.S. to send money to family and friends when you use your PayPal balance or bank account and you send the money through the PayPal website.
There is a fee to send money as a personal payment using a debit card or credit card. The fee in the U.S. is 2.9% plus $0.30 USD of the amount you send. For example, if you send $100.00 USD by credit card, the fee would be $3.20 USD ($2.90 + $0.30). For personal payments, the sender can pay the fee or pass it on to the recipient.
Receiving money – Personal payments:
It's free to receive money from friends or family in the U.S. when they send the money from the PayPal website using their PayPal balance or their bank account.
If you receive a personal payment made from a debit card or credit card, the sender has the option to pay the fee or pass it on to you.
If the fee is passed to you, it is 2.9% plus $0.30 USD of the amount you receive. For example, if you are sent $100.00 USD by credit card, the fee would be $3.20 USD ($2.90 + $0.30).
There is a fee if you click Request Money on the PayPal website and request money from friends and family.
Goods and services – Purchase payments:
There’s no fee to use PayPal to purchase goods or services. However, if you receive money for goods or services (such as from selling an item on eBay), the fee for each transaction is 2.9% plus $0.30 USD of the amount you receive.
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Hope this helps.
This hobby is WAY too expensive!! |
" ,no thank you on gambling with my money.When someone stiffs you just remember,you sent it as a gift 
.
Ya
