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Paypal free to Send and Receive?

jetone 453 38 August 3, 2016 at 05:39 PM in Finance
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I notice our site started to advertise about Paypal free to send and receive. I read through their Terms and Conditions. It appears that it's free to Send and Receive. But at the end of their Terms, they said there is only 2% charge to Receive.

What exactly is their Terms then? For instance, I send my money using Paypal service with my Paypal Balance (or Directly from Bank account) to my friend. I understand there is no charge to Send AND Receive. The money will be transferred directly to my friend's Paypal Account. But what does it mean by 2% to Receive? Does it mean if he uses that money, there will be a charge for it?
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#2
Quote from jetone View Post :
I notice our site started to advertise about Paypal free to send and receive. I read through their Terms and Conditions. It appears that it's free to Send and Receive. But at the end of their Terms, they said there is only 2% charge to Receive.

What exactly is their Terms then? For instance, I send my money using Paypal service with my Paypal Balance (or Directly from Bank account) to my friend. I understand there is no charge to Send AND Receive. The money will be transferred directly to my friend's Paypal Account. But what does it mean by 2% to Receive? Does it mean if he uses that money, there will be a charge for it?
no charge if you fund the transfer with a bank account.
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#3
Quote from brisingr49 View Post :
no charge if you fund the transfer with a bank account.
I understand that part. But they said differently toward the end.

Quote :
Sending money to friends and family is free in the US for both you and the recipient when you fund the transfer with your bank account or PayPal balance. The funds go right into their PayPal account. And if they don't have one, they can open one for free. For a small fee, you can also use a debit or credit card. International transfers to Canada are usually free when funded by bank or account balance. PayPal fees to send money are required for all other countries or when an international transfer is funded by a debit or credit card.
Requesting money is simple, too. With just an email address or mobile number, you can make a request to anyone instantly. They can sign up in seconds if they don't have a PayPal account yet. PayPal fees for receiving money are just $0.30 + 2.9% of the transfer amount.
Does it mean everything is free if I fund the transfer with a bank accounr or from paypal balance, including "receiving" from the other end?
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#4
Quote from jetone View Post :
I understand that part. But they said differently toward the end.



Does it mean everything is free if I fund the transfer with a bank accounr or from paypal balance, including "receiving" from the other end?
No fee if you choose "gift".
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#5
Quote from xxxHolic View Post :
No fee if you choose "gift".
Thanks. So there is still fee to receive like they said?

I don't know why people thumb this down. It's a very sneaky Terms.
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#6
Quote from jetone View Post :
Thanks. So there is still fee to receive like they said?

I don't know why people thumb this down. It's a very sneaky Terms.
The sender need to choose "gift".

For example, you want to send money to email abc@mymaildotcom

You need to choose "gift".
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#7
Quote from xxxHolic View Post :
The sender need to choose "gift".

For example, you want to send money to email abc@mymaildotcom

You need to choose "gift".
Got it.

What about their first sentence of saying:

Quote :
Sending money to friends and family is free in the US for both you and the recipient when you fund the transfer with your bank account or PayPal balance.
?
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#8
Quote from jetone View Post :
Got it.

What about their first sentence of saying:



?
Other people have already said. No fee when you link your bank checking account.
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#9
Quote from xxxHolic View Post :
Other people have already said. No fee when you link your bank checking account.
We go back to square one.

As they say, no fee if I link my bank checking account or use my existing paypal balance. But they tag the last sentence with some percentage in charges.

I don't mind using my checking account or Paypal balance. What is that last terms for? For somebody who uses his checking account but does not check "gift" as an option? My question isn't about the service fee. I am well aware of service fee that they always charge for business transactions. I just wonder about the very last sentence.
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#10
Quote from jetone View Post :
We go back to square one.
I just wonder about the very last sentence.

I "just wonder" if you are still that confused why you don't use a thing called a telephone and call them yourself.
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#11
Quote from SDSexpress View Post :
I "just wonder" if you are still that confused why you don't use a thing called a telephone and call them yourself.
What is your answer? To call them?
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#12
Quote from SDSexpress View Post :
I "just wonder" if you are still that confused why you don't use a thing called a telephone and call them yourself.
Do you have a telephone? I don't. I only have a cellphone. It's what this forums is all about. If anyone can just use their "telephone", they don't have to participate in this forums.
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#13
Quote from jetone View Post :
What is your answer? To call them?

Yes, preferably from your live-in caregiver.
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