8mm Forum: Sending money via paypal as a gift, free of charge?

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Topic: Sending money via paypal as a gift, free of charge?

Winbert Hutahaean
Film God

Posts: 5468
From: Nouméa, New Caledonia
Registered: Jun 2003

posted August 28, 2009 12:40 PM

Hi all,

I remember Mark Todd once told us here that sending money (money transfer) with paypal as long as is noted as a gift will not be charged fee.

Is that true? is there any maximum amount to be transferred?

thanks for your help guys,

--------------------
Winbert

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Mark Todd
Film God

Posts: 3846
From: UK
Registered: Aug 2003

posted August 28, 2009 01:36 PM

Hi its free in the EU but seems to be a 1% charge involving USA happenings.
I use it if a friend etc is sending say a cheque for me to a non paypal person in other countries.

I think its just for funds in your account or bank transfers but not Visas etc,

Best Mark.

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Winbert Hutahaean
Film God

Posts: 5468
From: Nouméa, New Caledonia
Registered: Jun 2003

posted October 01, 2009 02:42 PM

Hi Mark,

I just did it today, and would like to re-confirm you that sending money is not free no matter you mark it as "gift".

It will be free if that within the country (UK to UK). But if it is already cross the border, then, there will be a cross-border payment fee which is between 0.5% - 1%.

You can see that here (from Paypal UK):

https://www.paypal.com/uk/cgi-bin/webscr?cmd=xpt/UserAgreement/ua/EUUA-outside#fees- policy

(ps: China, Hong Kong, Singapore, Taiwan is 0%)

- This fee is different from one country to another.
- This fee is charged to either sender of recipient but not both (we can select the option)
- This fee applies for those using Paypal balance or Bank Transfer and is more higher/expensive if we fund the money from Credit Card
- Finally, this applies only for "Personal Payment" while for "Purchase" is free because the fee will be automatically burdened by the other side (recipient)

So bear that in your mind [Wink]

.

cheers,

--------------------
Winbert

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