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

This is topic Sending money via paypal as a gift, free of charge? in forum General Yak at 8mm Forum.

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Posted by Winbert Hutahaean (Member # 58) on 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,

Posted by Mark Todd (Member # 96) on 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.

Posted by Winbert Hutahaean (Member # 58) on 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,

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