Thursday, 16 July 2009

PayPal:Send money online free

PayPalhas published it’s new terms for June 2009, and the new change make you can almost send money free to anyone inside the US if you do it correct.In some cases, it’s free to Send Money. Sometimes there are fees.

Within the US, Personal transfers to friends and family:

Payment Method

Send Money

Receive Money

PayPalbalance

free

free

Bank transfer

Credit card

free

2.9% + $0.30 per transaction

Debit card

Fee may be paid by the sender or recipient – sender decides.
Making a purchase, i.e. goods, services, or eBay items

Payment Method

Buyer

Seller

PayPalbalance

free

free

Bank transfer

Credit card

free

1.9% + $0.30 per transaction

Debit card

Outside the US: Personal transfers to friends and family

Payment Method

Send Money

Receive Money

PayPalbalance

sender decides

0.5% to 2% – varies by recipient’s country

Bank transfer

Fee may be paid by the sender or recipient – sender decides.

Payment Method

Send Money

Receive Money

Credit card

sender decides

3.4% to 3.9% plus 30 cents – varies by recipient’s country

Debit card

Fee may be paid by the sender or recipient – sender decides. Making a purchase, i.e. goods, services, or eBay items.

Payment Method

Buyer

Seller

PayPalbalance

Free (unless using the PayPalplug-in)

Bank transfer

Credit card

Fee varies by country

Debit card

There’s no charge to open a PayPalaccount and to transfer money from your bank account to your PayPalaccount.
There are fees in other cases, such as:
  • Receiving payment for goods and services.
  • Receiving payments from friends and family made using a debit or credit card.
  • Receiving a payment from someone in another country.

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