You can now receive paypal payments without any fees

JVC · Jul 10, 2009

This is a useful tool for anyone on here to send payments to other board members without having paypal take their chunk out in fees. If you are sending a payment to someone and don't want them to incur any fees, follow these steps:

1. Click on the Send Money tab
2. After filling out the email address of the recipient and the amount to be sent, choose "personal" rather than "purchase"
3. Under the next set of options choose either "payment owed" or "other" (I am not sure if the other 3 options work as well, but I know that these two do work)

Your paypal payment will be sent with no fees for the recipient as long as you fund the payment with a paypal balance or bank account.

Messier2 · Jul 10, 2009

Wow, that's great....I gotta save this somewhere so that when I sell stuff here I can ask them to do that!

EricInCT · Jul 10, 2009

JVC said:
This is a useful tool for anyone on here to send payments to other board members without having paypal take their chunk out in fees. If you are sending a payment to someone and don't want them to incur any fees, follow these steps:

1. Click on the Send Money tab
2. After filling out the email address of the recipient and the amount to be sent, choose "personal" rather than "purchase"
3. Under the next set of options choose either "payment owed" or "other" (I am not sure if the other 3 options work as well, but I know that these two do work)

Your paypal payment will be sent with no fees for the recipient as long as you fund the payment with a paypal balance or bank account.

You have been thanked!

cgilmo · Jul 10, 2009

you should be aware that you will have problems filing a chargeback using this option, should you need to do so.

G $MONEY$ · Jul 10, 2009

cgilmo said:
you should be aware that you will have problems filing a chargeback using this option, should you need to do so.

+1, basically you can't. Personal is too friends and family only. So if you trust the person do it, if not don't. This has been around for a long time.

prospectorgems · Jul 10, 2009

That's pretty cool. Definately a "thank post".

Johan Santana 57 · Jul 10, 2009

Problem I've found is that I can't print a shipping label if it is sent that way.

metallicalex777 · Jul 10, 2009

That is an awesome work around...do you know how this works come tax season? I was given $1500 last year as a gift to put towards moving from my grand parents and I had to let the IRS know during tax season and got taxed on it all as well. I don't know if that would be the same via paypal or if normal paypal fees acount for that when you have fees taken out of a sale...sorry for the "rookie" question and I hope it makes sense

justinmandawg · Jul 10, 2009

metallicalex777 said:
That is an awesome work around...do you know how this works come tax season? I was given $1500 last year as a gift to put towards moving from my grand parents and I had to let the IRS know during tax season and got taxed on it all as well. I don't know if that would be the same via paypal or if normal paypal fees acount for that when you have fees taken out of a sale...sorry for the "rookie" question and I hope it makes sense

A gift was taxed? That seems a bit odd.

Skillz · Jul 10, 2009

cgilmo said:
you should be aware that you will have problems filing a chargeback using this option, should you need to do so.

+2, I would never, ever, ever do this unless the payment was made to a spouse/good friend/girlfriend, etc.

Johan Santana 57 said:
Problem I've found is that I can't print a shipping label if it is sent that way.

Paypal.com/shipnow

JVC · Jul 10, 2009

cgilmo said:
you should be aware that you will have problems filing a chargeback using this option, should you need to do so.

I was thinking that this would be a good solution for payments for the group BGS subs.

xcantgobackx · Jul 10, 2009

JVC said:
cgilmo said:

you should be aware that you will have problems filing a chargeback using this option, should you need to do so.

Click to expand...

I was thinking that this would be a good solution for payments for the group BGS subs.

Or if members are trying to pool money together to raise funds for a member in needs, as is the case here:

viewtopic.php?f=2&t=51981

imac220 · Jul 10, 2009

EricInCT said:
JVC said:

This is a useful tool for anyone on here to send payments to other board members without having paypal take their chunk out in fees. If you are sending a payment to someone and don't want them to incur any fees, follow these steps:

1. Click on the Send Money tab
2. After filling out the email address of the recipient and the amount to be sent, choose "personal" rather than "purchase"
3. Under the next set of options choose either "payment owed" or "other" (I am not sure if the other 3 options work as well, but I know that these two do work)

Your paypal payment will be sent with no fees for the recipient as long as you fund the payment with a paypal balance or bank account.

Click to expand...

You have been thanked!

+1!

trevordchi · Jul 10, 2009

I know gifts are taxed here. I think that's pretty standard if they are big enough.

metallicalex777 · Jul 11, 2009

trevordchi said:
I know gifts are taxed here. I think that's pretty standard if they are big enough.

Yeah...I believe for Washington state its anything after $600 or so.

bballcardkid · Jul 11, 2009

justinmandawg said:
metallicalex777 said:

That is an awesome work around...do you know how this works come tax season? I was given $1500 last year as a gift to put towards moving from my grand parents and I had to let the IRS know during tax season and got taxed on it all as well. I don't know if that would be the same via paypal or if normal paypal fees acount for that when you have fees taken out of a sale...sorry for the "rookie" question and I hope it makes sense

Click to expand...

A gift was taxed? That seems a bit odd.

Yup, say you make $50,000 per year, and you decide to give your parents a $10,000 car, your income tax will be based on $60,000 I believe. I love the government.

nurvanna · Jul 29, 2009

is there a way to pay for an ebay auction this same way with sellers that offer free shipping?
sort of a way to give thanks for offering free shipping - helping out the seller and not ebay triple fold.

miguelcabrera · Jul 29, 2009

nurvanna said:
is there a way to pay for an ebay auction this same way with sellers that offer free shipping?
sort of a way to give thanks for offering free shipping - helping out the seller and not ebay triple fold.

just click personal when you pay

predatorkj · Jul 29, 2009

Just to let everyone know...if its over a certain amount of money that you send in this fashion...you will be hit with a fee.I got hit with a fee for sending like this to a board member.The amount was for $100 and the fee came out to like $3.20.Just figured I'd let people know this.

Huffamaniac · Jul 29, 2009

Are you sure you did not pay via credit card? It was showing up as a fee for me when I was paying via credit card, but once I switched to having the money removed directly from my checking account the fee was removed.

predatorkj said:
Just to let everyone know...if its over a certain amount of money that you send in this fashion...you will be hit with a fee.I got hit with a fee for sending like this to a board member.The amount was for $100 and the fee came out to like $3.20.Just figured I'd let people know this.

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