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Paypal Friends and Family

I sent a payment to a seller for $2,900 by friends and family, when he received it $166.00 was deducted from Paypal fees, the seller wrote me to say that Paypal got wise and no longer sends funds with a fee, so there is no reason to say send money by friends and family they are now charging a fee for that but at least you won't get hit with a tax bill like you were a business. Just a FYI. This seems to have just started because I got the full amount on a sale paid by friends and family. 

128x128phillyb
roxy54's avatar
roxy54
7,982 posts
 

I used a credit card assigned to paypal. When did this begin?

geof3
1,129 posts
 

If you use a credit card for an F&F transaction you will get charged a fee. You might even get hit with a higher CC rate as it is technically a “cash advance”. If the seller was charged a fee, then you didn’t send it F&F. F&F is essentially a cash transaction.

czarivey
5,946 posts
 

Paypal is a mechanism of legalized extortion. Should be void at all costs.

phillyb's avatar
phillyb OP
401 posts
 

No, I sent cash from the balance that I had accumulated.

elrod
244 posts
 

I apologize for being the master of the obvious, but why don't you just contact PayPal and find out what that charge was for?

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