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Paypal question about sending money...


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You can make a personal payment on Paypal and there are NO fees. They are only supposed to be done between people who know each other, so it is not supposed to be used for payment of goods to someone you don't know. BUt it would be perfect for sending money to a family member.

 

However, just to mention, if she is needing cash in hand tomorrow, Paypal won't work, unless she has a Paypal debit card. It takes several days to transfer a Paypal balance from her own account to her bank account to withdraw it. But it will be available for her to make a purchase immediately through Paypal, or to make a withdrawal with a Paypal debit card.

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If your PayPal account is linked to a credit card, I do believe there are fees on the receiving end- the PayPal website tells you what those fees are. It walks you through sending money- including a calculator that will tell you what the fees are before you proceed as well as giving you an option as to who pays those fees- either yourself or the receiver.

 

There are no fees if your PayPal is linked to your bank account or if you are using your PayPal balance. Since you're in Canada there will likely be some sort of currency exchange that will have to be paid, but that will be something that you pay since you get to select what currency you send your funds in.

 

HTH a bit.

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