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Free to Receive Payments using Paypal

Discussion in 'Business & Tax Advice' started by MoGreen, Jun 26, 2009.

  1. MoGreen

    MoGreen Regular Member

    Joined:
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    Location:
    USA
    I've been doing this for awhile but I know there are a lot of people that don't know about this. If you're offering a service for payment through Paypal. You should ask the sender to send money through the personal method, there's no fee. Paypal will think that the payment is from a friend/family. It's around 1.9% - 2.9% + $.30 to do it the regular way, this isn't much but if you're gonna receive payment from the sender anyway, why not save some money. This only works if the money comes from you Paypal balance or bank account.

    I use this between all my JV partners and all the people that offer me service that I TRUST.

    It's a personal transaction so I don't think you can dispute. So if you're the sender, be careful when using this type of transaction - you won't be protected. I haven't had to dispute, which is good for, and it keeps all my people happy.

    If you're the recipient, it's great, you pay no fee! and your buyer can't dispute.....please don't rip people off with this.

    I hope this save you guys some money! You know where that THANKS button is ;)