Paypal Friends and Family

[fallschirmjaeger]

Am i correct in thinking that paypal will now charge for Friends and Family transactions - Am I reading this correct?

https://www.paypal.com/gb/webapps/mpp/ua/upcoming-policies-full?locale.x=en_GB

Cheers Mike

 

[NDT Level 3]

Gave up on the T&C's about 3 pages in...

For small amounts I suggest you try cryptocurrency, coinbase.com is free to send between coinbase accounts. Also it's so much more fun than PayPal.

Word of warning though. Cryptocurrency can be volatile so unless you have a appetite for risk it may be best to keep the sums low!

 

[TotalWebSolutions]

"Free when funded by the sender’s PayPal balance, bank account or debit card. If you use a credit card to send money, a fee of 3.4% + 20p applies"

 

[fallschirmjaeger]

Many thanks for clarifying this - did not see/understand the credit card bit!

 

[TotalWebSolutions]

Many thanks for clarifying this - did not see/understand the credit card bit!

You are welcome. That is obviously just taken from their website so best to contact them directly for confirmation I would say. 3.4% + 20p per transaction is the same as their selling rates start at for merchants to process customer payments (same rate regardless of Credit or Debit card).

 

[antropy]

For small amounts I suggest you try cryptocurrency, coinbase.com is free to send between coinbase accounts. Also it's so much more fun than PayPal.

Terrible advice. Cryptocurrencies are very expensive ways to transfer money.