As of 9/2/22 pay pal now charging fees on buyers who now send gift payments

[megalimey]

AS OF 9/2/22 PAY PAL NOW CHARGING FEES ON BUYERS WHO NOW SEND f/f GIFT PAYMENTS

OH WELL SO MUCH FOR THE FREE RIDE for sellers
any one else notice it

[bnorth]

How much are they charging?

[Republicaninmass]

Dead presidents ttm

[megalimey]

Originally Posted by bnorth

How much are they charging?

they charged me 2.5% fee of the amount i sent
not sure if recipient is also getting dinged ??
waiting to hear

[Griffins]

didn't they always do that if you paid by credit card?

[megalimey]

Originally Posted by Griffins

didn't they always do that if you paid by credit card?

WITH A CREDIT CARD YES but if you look its higher than before
I HAVE SENT DOZENS OF PAYMENTS p/p f/f WITHDRAWN FROM MY Bank Account no fees as of 9/1/22
as of today i had to pay 2.50 % FEE

[G1911]

This does not appear to be true, or at least not universally so as is being alleged.

[megalimey]

Originally Posted by G1911

This does not appear to be true, or at least not universally so as is being alleged.

apparently your correct I just spoke to paypal

they informed due to the frequency of gift payments I have sent in 1 month
over 35 transactions that way that they will be charging a fee
I asked how long they said "till further notice"
I asked for it in writing as yet nothing from them

[G1911]

Originally Posted by megalimey

apparently your correct I just spoke to paypal

they informed due to the frequency of gift payments I have sent in 1 month
over 35 transactions that way that they will be charging a fee
I asked how long they said "till further notice"
I asked for it in writing as yet nothing from them

Interesting, good to know. I hadn’t heard of a 35 transaction limit before.

[megalimey]

Originally Posted by G1911

Interesting, good to know. I hadn’t heard of a 35 transaction limit before.

35 last month
over 160 times this year

[hockeyhockey]

i mean, 35 is a lot of gifts if you think about it. if you're interested in sending any more gifts out, let me know

[Shoeless Moe]

See what happens when you abuse the system.

[megalimey]

Originally Posted by Shoeless Moe

See what happens when you abuse the system.

these were all sellers request to save the fees , done many as goods and service,
its the norm for most NET 54 SELLERS

[Shoeless Moe]

Originally Posted by megalimey

these were all sellers request to save the fees , done many as goods and service,
its the norm for most NET 54 SELLERS

...but 35 a month caught their attention.

[BobC]

I wonder if they are only measuring the 35 on the sender, or if there is also going to be a watch on recipients getting 35 or more gifts. Sending gifts doesn't necessarily indicate a potential "business" purpose as much as receiving them, at least to me.

[Casey2296]

Originally Posted by megalimey

apparently your correct I just spoke to paypal

This is the most significant point of this entire thread, that you can actually speak to PayPal, has never been my experience.

[Aquarian Sports Cards]

I call paypal all the time.

[mrreality68]

Just enjoy joy to the card collecting process.

Never new about the monthly limit

[Jim65]

Its utterly ridiculous that companies want to get paid for the service they provide.

[D. Bergin]

Hot take here.

F&F is a service that Paypal offers, and that people take advantage of... because it's a service that Paypal offers... Period.

It's basically a straight wire service similar to aspects of Venmo (which Paypal also owns) and Zelle.

Don't mistake the terms "Friends" or "Family" as literal. Paypal doesn't have hundreds of customer service folks scouring ancestry dot com and Facebook pages, every time a payment goes through. They don't care your actual relation to the person you're sending money to.

It's simply their..."we'll send your money free, because it's your money and it doesn't cost us anything to do so...and in return, you will not whine, complain or ask us for help if you get conned, catfished, ripped off, scammed, taken to the cleaners, natural disastered, Ponzi schemed or crypto bro'd."

It's like handing over a pile of cash to somebody. You don't go back to the bank after leaving the ATM, and ask them to get your money back because a grifter on the street conned you in a shell game on your way to the casino. Once you remove that money from the machine...all bets are off.

At some point, Paypal makes their money somewhere along the money trail. Trust me. They'll be fine.

Just don't go overboard (35 a month does seem like a lot) or complain to them when things go south on you.

.....or take the time and go do the Venmo and Zelle thing a ma jigs that I mentioned earlier.

By the way, Paypal already told me I can't accept F&F payments anymore, because I have a "Business" account with them (new policy). They did say I was welcome to open a "Personal" account with them so I can accept F&F payments...but I haven't bothered to go through the hassle of taking them up on that quite yet.

[Exhibitman]

Zelle is the best truly free option.

Venmo charges a fee; unsurprising since it is a PayPal company.

[Pat R]

Originally Posted by D. Bergin

Hot take here.

F&F is a service that Paypal offers, and that people take advantage of... because it's a service that Paypal offers... Period.

It's basically a straight wire service similar to aspects of Venmo (which Paypal also owns) and Zelle.

Don't mistake the terms "Friends" or "Family" as literal. Paypal doesn't have hundreds of customer service folks scouring ancestry dot com and Facebook pages, every time a payment goes through. They don't care your actual relation to the person you're sending money to.

It's simply their..."we'll send your money free, because it's your money and it doesn't cost us anything to do so...and in return, you will not whine, complain or ask us for help if you get conned, catfished, ripped off, scammed, taken to the cleaners, natural disastered, Ponzi schemed or crypto bro'd."

It's like handing over a pile of cash to somebody. You don't go back to the bank after leaving the ATM, and ask them to get your money back because a grifter on the street conned you in a shell game on your way to the casino. Once you remove that money from the machine...all bets are off.

At some point, Paypal makes their money somewhere along the money trail. Trust me. They'll be fine.

Just don't go overboard (35 a month does seem like a lot) or complain to them when things go south on you.

.....or take the time and go do the Venmo and Zelle thing a ma jigs that I mentioned earlier.

By the way, Paypal already told me I can't accept F&F payments anymore, because I have a "Business" account with them (new policy). They did say I was welcome to open a "Personal" account with them so I can accept F&F payments...but I haven't bothered to go through the hassle of taking them up on that quite yet.

The F&F is confusing but I always thought the reason there are no fees is because when you use F&F paypal isn't providing the protection that they do with G&S that's why it says sending to someone you trust.

The way I read it in paypals terms using F&F for a purchase on the BST for example is within their rules and if I'm wrong maybe one of the lawyers on here can clarify what this means.

When you send money (initiated from the "friends and family" tab of the "send money" flow to, or receive money into your paypal account from, friends and family without making an underlying commercial transaction (that is, the payment is not for the purchase of goods or service or for making any other commercial transaction) we call that a "personal transaction"

and I think when you spoke to them that's why they said to open a personal account to do F&F transactions.

[G1911]

I agree with Dave. It’s never been my understanding that PayPal considers it abuse to do this in moderation. They’re absolving themselves of responsibility if anything goes wrong and it costs them nothing to process it, so they use it as the carrot to get you into their system. Tons of companies and financial tools do this; some features are free to attract you into the platform and keep you active, while others are the revenue centers. They don’t want people running full fledged businesses on F&F but they have never even tried to stop this in decades.

Whether you should purchase items without protection is another question, but PayPal does not seem to care or have a problem with it.

Now, as a PYPL shareholder, please use G&S for everything you ever buy and run all large transactions through it. Please.

[D. Bergin]

Originally Posted by Pat R

The F&F is confusing but I always thought the reason there are no fees is because when you use F&F paypal isn't providing the protection that they do with G&S that's why it says sending to someone you trust.

Yes, I covered that, but in a much more snarky way , here:

It's simply their..."we'll send your money free, because it's your money and it doesn't cost us anything to do so...and in return, you will not whine, complain or ask us for help if you get conned, catfished, ripped off, scammed, taken to the cleaners, natural disastered, Ponzi schemed or crypto bro'd."

Originally Posted by Pat R

...and I think when you spoke to them that's why they said to open a personal account to do F&F transactions.

To be clear, I never actually spoke with them. I didn't run afoul of them or anything. It just became part of their general policy. Telling me to open a Personal Account was just part of their boiler plate message.

Nobody with a business account can accept F&F or Gift payments anymore, as of a month ago or so. I was able to accept those types of payments before that without an issue. I think it's part of trending literalist definition of the word "business" account, for accounting or IRS reasons.

I actually went to pay my power bill a couple weeks ago and used my Paypal Debit card, and it got rejected for being flagged as from a Business account. Told me I had to use a different card. Never, ever happened before that.

I've always mixed business and personal with my Paypal account, but always claimed which was which properly. Maybe they see an issue with that now.

Not complaining, just the way it is.

[D. Bergin]

Originally Posted by Exhibitman

Zelle is the best truly free option.

Venmo charges a fee; unsurprising since it is a PayPal company.

Venmo has a free version and a Goods and Services version also, as long as you're not using a Credit card to transfer the money.

Now that I think of it, I think it's pretty funny that Paypal runs two platforms, that on the surface seem pretty identical to each other.