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[trick] Send PayPal Money Without Fees

Discussion in 'Making Money' started by Arthas, Jan 13, 2009.

  1. Arthas

    Arthas BANNED BANNED

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    Hi all. Some people know about this. Many do not. One of the frustrating things about PayPal are the fees you have to pay when sending/receiving money.

    There is a simple trick that allows you to send as much money as you want for a $1 fee. All you have to do is use the Mass Pay option under "send money." To do this you only need to create a .txt file with the transaction details. It shows you how to do this in the mass pay section.

    So thats it. Always use it to send money and tell people who are sending you money to use Mass Pay :)
     
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  2. TheWicker

    TheWicker Power Member

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    That's beyond cool :D

    I've never heard about it, but just the thought that a giant such as paypal has a big loophole as this makes me happy.

    I haven't tried it yet. Does it really work if you're sending to ONE recipient only?
     
  3. ShadeDream

    ShadeDream Elite Member

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    This is not a loophole :lmao: nor a trick. To be able to do this you need to have a premier or business paypal account. The money you send via Mass Pay CANNOT be recovered in anyway, so watch out who you send your money to via Mass Pay.

    I'm not sure about the US but in the UK you have the option to send money as a personal gift and this doesn't charge any fee's.
     
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  4. zuk1

    zuk1 Newbie

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    Yep I've been doing this on large payments for awhile, pretty damn useful.
     
  5. richjerk85

    richjerk85 Junior Member

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    this is a damn useful tips... thanks... that's what i hate about paypal... the transaction fees... with this.. it shld be good...
     
  6. abansb

    abansb BANNED BANNED Premium Member

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    I also used this to send 1 payment. before I got a bank account here is the actual steps to create the mass paypemt file.

    Code:
    Mass Payment
    
    According to PayPal's mass pay instructions, you are supposed to create
    an Excel file with the payment information and save the file as text file 
    with tab separated values. 
    I believe there is a much easier way to do it:
    
    I. Open up notepad (or any text/ascii editor)
    
    II. Type the following information, separated by tabs (use tab key, not 
    spaces).
    
    An example of a payment text file:
    
    payment@domainsale.com 999 USD
    
    This textfile will, when uploaded to PayPal, process a payment of $999
    US Dollars to the PayPal address payment@domainsale.com
    
    Save the textfile as anything you'd like, just try to remember where you 
    saved 
    it for later.
    
    III. Log in to your PayPal account the usual way, but instead of sending a 
    payment the regular way, look for the small link on the bottom of your screen
    that says "Mass Pay". Found it? Good, now click it.
    
    IV. You are now one step away from doing a mass payment. Browse to find the 
    text file you just created in notepad and upload it to PayPal as directed. 
    Type in the e-mail address you want the receipt to be sent to and perform 
    the payment by clicking the button.
    
    Voila! The PayPal recipient has now received his/hers payment and it only 
    cost you $1 in fees, instead of 4% !
    
    Good luck with mass pay payments, it has saved me a couple of bucks as some 
    deals involve adding the 4% fee to the final sales price.
     
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    Last edited: Jan 13, 2009
  7. sherly21

    sherly21 Junior Member

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    Does it really work? i hate about paypal transaction fees
     
  8. abansb

    abansb BANNED BANNED Premium Member

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    yes it works cost me a 1.00 to send 450.00 to another paypal account
     
  9. kubel

    kubel Jr. VIP Jr. VIP Premium Member

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    Paypal charges me for receiving, not for sending money.
     
  10. abansb

    abansb BANNED BANNED Premium Member

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    It cost 1.00 to send and 0.00 to receive if you use mass pay to transfer money to another paypal account
     
  11. rogerrabbit

    rogerrabbit Registered Member Premium Member

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    Huge thanks from me! I'm always moving 400+ between accounts
     
  12. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    i rarely give thanks out, but this is an absolute gem. Thank you very much!
     
  13. blogbd1

    blogbd1 Jr. VIP Jr. VIP Premium Member

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    I have not seen any charge while sending money to other people. It only costs to receive money.
     
  14. topsytips

    topsytips Regular Member

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    Same here...but I'm in the UK so guess it's different for other countries....
     
  15. abansb

    abansb BANNED BANNED Premium Member

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    I have 2 paypal accounts and it only cost me a 1.00 to send to the other and the one I am sending to does not get charged to receive any funds

    No one said there was a charge for sending money

    This is if you have 2 paypal accounts and want to transfer money between the 2 paypal accounts

    Which would you rather pay 1.00 to send to another account or pay the 4% fee to receive the money when you use mass pay there is only 1 charge the 1.00 and you do not get charged for receiving any money for the account you are sending to...
     
  16. aardanyul

    aardanyul BANNED BANNED

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    great trick!
     
  17. pink princess

    pink princess BANNED BANNED

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    I just used this thanks a ton you saved me almost 80 in fees.

    Thanks added
     
  18. foreclosureking

    foreclosureking Regular Member

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    Thanks, this is awesome. I will be using this one from now on. Great post!
    b:)
     
  19. Black_Hat_freak

    Black_Hat_freak Jr. VIP Jr. VIP Premium Member

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    Yeh. I have been doing this for a year now. When I receive a payment I ask the buyer to use mass pay using the file I send him and give him a $2 discount. LOL. Go save money now.
     
  20. cybermage

    cybermage Newbie Premium Member

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    dam and i just find out about this now!!! where were you 2 weeks ago?