No fees when receiving money in Paypal?
By Vick77
@Vick77 (488)
Mexico
January 9, 2012 7:56pm CST
I have used Paypal for a few time now, as all know Paypal does not have any fee when you send money, but there is a fee when you receive money in your Paypal account, days ago I have received a payment, but i was surprised when i receive the full amount of the payment without any fee.
in the payment details I can see: "Fee amount: $0.00 USD" and i ask you:
Do you know why Pyapal didn't take any fee?
Do you know if the sender has a special type of account in Paypal for their receivers not pay any fee?
Any comment about this would be so useful to me as I receive payments so often in Paypal.
Thanks for your attention to all...
7 responses
@queen_ra45 (84)
• United States
11 Jan 12
Paypal charges a fee to receive money for services or goods. If the money is sent for personal reasons such as a gift, money owed, or living expenses there is no charge.
@queen_ra45 (84)
• United States
14 Jan 12
If money is requested, the option doesn't exist. If you are the one sending money you have the choice of sending it as a purchase or personal. Choose personal and under it you can choose cash advance, gift, payment owed, living expense or other. Anything sent for personal reasons doesn't have a fee. When I work for my sisters website she sends me the money as a personal transaction and neither of us get any fees.
@irene66 (1669)
• Philippines
10 Jan 12
Hello there vick
Same here.
I sometimes receive money from paypal without any charge too.
This made me wonder what could be the reason but I cannot figure it out till now.
Sometime last year, I read from somewhere that paypal does not charge any payment for a certain month.
It is just like bonus for users.
I am not sure this month if they do the same.
@vinothnypd (53)
•
10 Jan 12
Irene66,
Its strange to hear that a Big Online Bank, who earns only because of the transactions, is lifting up the payments for a month.... I think It may be fake, If yes, i am very eager to know the month so that i can clear all my pending transactions on that month... :)
Cheers..!!
V
@vinothnypd (53)
•
10 Jan 12
Irene66,
Its strange to hear that a Big Online Bank, who earns only because of the transactions, is lifting up the CHarges for a month.... I think It may be fake, If yes, i am very eager to know the month so that i can clear all my pending transactions on that month... :)
Cheers..!!
V
@Vick77 (488)
• Mexico
10 Jan 12
I don't know nothing about a special month on Paypal, I have used paypal about a year and never heard abut that.
I don't believe this is the reason because I made a revision and by casualty I have another payment from the same person and in this is the same case, no fees for me ate the moment of receiving the money, I didn't see in that time a couple of months ago.
@luckygrey67 (765)
• Indonesia
10 Jan 12
I think Paypal always charge fee from receive money, you were received money without fee because, fee charged by sender, always any agreement.....on special account type.
It was depend on sender account type, based on my experienced, when I was received payment, some sites charge fee and other are free.
Free because, sender charge direct on my earned money before transfer to paypal.
@vinothnypd (53)
•
10 Jan 12
Vick77,
Yes there is a possible way to pay the charges of your Receiver by yourself. This is called as Merchant services from PayPal. For that you need to have a Paypal Buisness account.. It will have certain formalities to complete.. For that you need the following..
1) A PayPal Buisness account
2) Your PAN card
3) Your Bank account in your country
4) A purpose code
5) Your postal address,,
Not only these, if you are doing an e-buisness, it will be easy to set up, otherwise it will be somewhat difficult to comply with it..
Cheers..!!
V
@vinothnypd (53)
•
10 Jan 12
Hi Vick77,
PayPal charges their customers for receiving money from other accounts for certain cases,
(i) Charge when money conversion is required (i.e) If your bank is using Euro and the payee pays in dollars, then a Dollar to Euro conversion is required, for that paypal will charge of 2.5%
(ii) If you are an active user and also periodically making transactions with PayPal, then they will give a small amount of discount for your transactions
(iii) Of course, Some big companies using PayPal for their full time business management will pay your receiving charge themselves, since it will attract their customers..
Hope this helps you..
Cheers..!!
V
@Vick77 (488)
• Mexico
10 Jan 12
Hi thanks for your response, I'm start to think the point iii is the answer, maybe some companies pay the fees for the transactions.
The question now is, when you send money, are there an option to pay the fees yourself and this way avoid your receiver to pay it?
Do you need to have a different type of account beyond personal one?
Do you need a special configuration in you account to do that?
