In fact, using PayPal friends and family for business purchases is explicitly against their User Agreement : This can be a convincing argument as there is no fee required, meaning they may offer you a discounted rate. Occasionally, sellers will request that you make a purchase using PayPal friends and family rather than the traditional Goods and services payment. Here’s a good rule: If they’re not your friends and family in real life, they shouldn’t be your friends and family on PayPal. Can you get scammed on PayPal friends and family?īut you can always count on Michael Scott to get you out of a jam Currently the rate is 2.9% + a fixed fee ( varies by currency $0.30 in the U.S.). When you pay with a debit or credit card, you’ll be charged a small processing fee-for both domestic and international transactions. If you are sending money internationally, you may be charged a transaction fee equal to 5% of the send amount (up to $4.99 USD). for free (from your bank account or PayPal). The process is pretty similar on the app-you just enter the payment amount before selecting whether or not it’s a friends and family payment.įriends and Family payments can be made to anyone in the U.S. You can also send friends and family payments using the PayPal app or PayPal.Me. Note: PayPal friends and family may not be available in some countries. Enter payment amount, add a note (optional) and Submit.When prompted, select Sending to a friend.Under Send money, Enter phone number, email or contact name.Sending money with PayPal friends and family only takes a few steps: In order to send money using PayPal friends and family, both you and the recipient need to have a PayPal account (you can set one up for free ). When you send or request money through your personal PayPal account, you can choose whether it’s a “Friends and Family” payment or a “Goods and Services” payment.įriends and Family payments are often used to pay back a friend, deliver money to family members abroad or send digital gift cards. If you have a PayPal Business account, friends and family payments may not be available to you. Note: The following applies to Personal PayPal accounts. Here’s everything you need to know about PayPal friends and family transfers (and a few friendly warnings as well). I didn't care if we took a hit with the PayPal tax because we are pretty dependent on PP for everything from club fees to tourney registrations and so on.It pays to know the terms and conditions of the services you use.PayPal is a popular payment processor for businesses and individuals-but things get messy when you mix the two. As a result, I insisted all transactions via PP with our disc golf club be done G&S instead. I think a lot of those people were constantly buying/selling discs via FB and insisting all transactions be done F&F. The wailing and gnashing of teeth on FB was quite a cautionary tale. On a related note a few months ago A LOT of people in the disc golf community got absolutely hammered by PP with accounts getting locked left and right. Yes it does mean tying the PP account to the bank account and I do have to keep a vigilant eye on that situation but at least I know we'd never be more than $100-$200 out if the PP account ever did get locked. While tedious and annoying to do there's the piece of mind knowing that the money is there when needed which is especially helpful the weeks leading up to a disc golf tournament when we have a lot of stuff to pay for and a lot of registration fees are pouring in. To avoid the loss of funds due to PP locking our club account I am constantly transferring money to the club bank account. I filed a DBA and got a checking account for the club along with a PP account. My other hobby is disc golf and I run a disc golf club.
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