Home› Buy, Sell, & Trade - U.S. Coins

What Does Pay Pal "Gift" Mean? I'm new to using Pay Pal.

DANNYDANNY Posts: 378 ✭✭✭
in Buy, Sell, & Trade - U.S. Coins
Some sellers say Pay Pal Gift accepted.
Some sellers say Pay Pal plus 3%.

Comments

  • quattrocoinsquattrocoins Posts: 1,881
    When you pay using PayPal "gift", the recipient incurs no fees and receives the full amount.

    Edit to add: You must have the funds in your PP account or your linked checking account. If you use a credit card, you will incur the fees.
    FULL Heads RULE!
  • guitarwesguitarwes Posts: 9,290 ✭✭✭

    Paypal "gift option" is a method to send payments without the receiver getting charged any fees. You have to select it when sending someone a payment and can only be taken out of your PP account or Bank account.

    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • WingsruleWingsrule Posts: 3,070 ✭✭✭✭
    But you void any type of Paypal protection when you do this. For example, if you send someone a 'gift' and they do not send you any merchandise, or the merchandise is defective when you receive it, you have no recourse through Paypal's buyer protection plan. "Caveat emptor" definitely comes into play here.

    And, as several members can attest to, you run the risk of getting your account flagged for accepting too many 'gifts'.
  • DANNYDANNY Posts: 378 ✭✭✭
    If I sell an item on Ebay, and the buyer uses Pay Pal to pay me, I am charged about 3% in fees.
    If the buyer uses Pay Pal Gift as payment to me, I am not charged ANY fee and neither is the buyer.
    Is this correct?
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Correct no charges to buyer or seller.
    Avid collector of GSA's.
  • DANNYDANNY Posts: 378 ✭✭✭
    Thanks to all for the education.
  • RedHerringRedHerring Posts: 2,077 ✭
    ---If I sell an item on Ebay, and the buyer uses Pay Pal to pay me, I am charged about 3% in fees.
    If the buyer uses Pay Pal Gift as payment to me, I am not charged ANY fee and neither is the buyer.
    Is this correct?---

    ============================================

    I wouldn't try this. If you sell an item on eBay, you get hit with the 3% PayPal charge. Going around this voids buyer and seller protection and risks you losing your eBay and PayPal accounts.
  • DBSTrader2DBSTrader2 Posts: 3,498 ✭✭✭✭
    I believe there's a slightly different answer to who gets charged when using "gift".

    The seller/recipient will not get charged = right

    But the sender will not get charged only if he has the funds to cover the amount in his account or linked bank account......

    If the sender does not have enough balance to cover the amount or a bank account linked, and ends up running a balance that gets charged to their linked charge card, however, THEN the sender pays the fees!


    Can I get confirmation of this?


    - - Dave
  • shorecollshorecoll Posts: 5,447 ✭✭✭✭✭
    I have only done a few of these, always to a cc (I do not trust paypal with my primary acct info) and have never been charged anything extra. This may have changed, but I haven't seen it.
    ANA-LM, NBS, EAC
  • PokermandudePokermandude Posts: 2,713 ✭✭✭
    I believe the sender of the "gift" payment pays the ~3% fee if they use their credit card to fund the payment. Only if it's from funds in their PP account is there no fee.

    I also believe that the sender of a gift payment really has no recourse if the transaction goes bad.
    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
Sign In or Register to comment.