Paypal Gift - A Few Weeks Experiences

[TWINSET]

I got two paypal accounts and noticed a few things using 'gift' payments;

Somehow both paypal acounts (A and B ) have been 'upgraded' and so are subject to receipt charges.

If I have funds in A and transfer them to B, by paying myself for goods, I lose the fees.

If I transfer the same amount (from existing funds again) from A to B but select 'personal' payment, there's no fee to either account!

So, if you have to pay someone, yet have the necessary funds in your Paypal account already, send it as a gift/personal payment anyway - that way, PP don't get their fee and the recipient gets their full ££/$$

To give you an idea, I was just paid £30 and the fees came to £1.26 +/-

That's money Paypal get just for moving funds around - No credit card usage, just funds already in Paypal's system!

It's not that I can't live without the £1.26, but why should Paypal get it when we can

[mongoose1983]

Thank you for the tip, Twinset!!

[Bimdapogs]

This is good news. What type of accounts do you have? Persoanal/Premier/Business?

[TWINSET]

This is good news. What type of accounts do you have? Persoanal/Premier/Business?

2 Personal accounts

The second one was for receiving balance payments so they weren't subject to charges, but it's kinda redundant now the gift facility exists.

The main benefits here are to the recipient - If you have sufficient funds to pay someone, send it as a personal payment - It doesn't cost you any more and they get 100% or the ££/$$

Not sure of the buyer protection as far as getting ripped off goes, so check it out before you send a complete stranger a 'gift'

[Blacque Jacque]

PayPal's rules seem to change almost weekly, but last time I checked, if you use Gift, you have NO protection at all (it's a gift after all, why would you need any compensation ?)

As much as I dislike PP's fees, I'd rather pay them myself than risk losing something in the post, or be ripped off by an unscrupulous seller.

[ChrisB]

Its good to know for paying people you know and trust or moving money around, but as Blacque Jacque points out for transactions where you don't know the seller I don't think you are covered.

I have had people offer to pay using Paypal gift transactions for best offer auctions on ebay, (arguing that I will get more as I won't pay fees, which is technically true.....). Even though it may be a TC member, I'm still not comfortable with it because if it gets lost in the post or they change their minds and reverse the payment as a seller I have no comeback as I understand it?

Don't get me wrong, I really dislike Paypal and ebay with their nickel and diming whenever you sell things, but its still the only game in town if you want to get the best price for something, or are unsure of its value.

[TWINSET]

This is true - Don't pay someone with paypal gift that you wouldn't be happy to post cash to - sorry for not saying that earlier.

Paypal will not entertain a claim for non-receipt of goods/services using the gift system as, technically, you're sending the ££ as a gift, not as payment for services.

Here's what it says if you try to start a dispute for a 'gidt' payment;

We're sorry, but this transaction cannot be disputed because it is not a purchase of goods or services.

Please contact the recipient directly.