posted on February 16, 2009 08:25:22 AM new
I would like to send my grandson 100.00 he has a paypal account so it would be very easy for me to transfer the money from my checking account.
What I would like to know is if I do this would there be a paypal charge for the transaction, would he receive the entire 100.00 or would fees be deducted.
If I could do this without a paypal charge how would I go about it.
posted on February 16, 2009 09:23:51 AM new
it depends on the type of account he has to receive money...personal account (below $500.00mnth) doesn't have the fees...business or premiere account is up to 3.9% fee.
posted on February 16, 2009 09:27:42 AM new
there is also a 30 cents transaction fee on top of the 3.9% discount fee.
*
Economic Reform act of Chairman Obama of the socialist States of America :
10 ounces of meat per month,half a yard of cotton per year per adult.
Hellilujah!
posted on February 16, 2009 07:15:51 PM newSend him a check. At least he will get the whole $100 then.
Not if he doesn't have a checking account.
I think mcjane's question about PayPal has already been answered.
When I was looking to set up a money transfer system for occasional cash infusions to a relative, I opened a free checking account and sent her the ATM card.
posted on February 16, 2009 08:30:38 PM new
She can always send him $105 instead of $100 to make sure he will get at least $100.
*
Economic Reform act of Chairman Obama of the socialist States of America :
10 ounces of meat per month,half a yard of cotton per year per adult.
Hellilujah!
posted on February 16, 2009 08:38:18 PM new
Thanks for the replies, cleared up my questions very well. He has recently opened a checking account so I am sending him a check in the mail, decided not to use PayPal.
posted on February 17, 2009 03:25:01 AM new
For next time - there is no fee to receive $ if he has a personal account AND you send it using a balance (not credit card).
Here is the chart from the PP site:
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posted on February 17, 2009 12:54:17 PM new
Sending a check seems so much simpler.
It gets even easier if you have an online checking account. Nothing to write out, nothing to mail -- generally the bank will mail it for you and pay the postage.
posted on February 17, 2009 05:06:01 PM new
fLufF wrote: It gets even easier if you have an online checking account. Nothing to write out, nothing to mail -- generally the bank will mail it for you and pay the postage.
Even easier, faster and safer is electronic bank transfer which are normally free to both parties in much of Europe, Asia and Oceania. In fact in the EU you can now do cross-border transfers for free!
