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How To Send Someone Money Through Paypal – PayPal is a popular payment processor for businesses and individuals – but things get messy when you mix the two.
Here’s everything you need to know about PayPal friend and family transfers (and a few friendly warnings, too).
How To Send Someone Money Through Paypal
Note: The following applies to personal PayPal accounts. If you have a PayPal Business account, Paying Friends and Family may not be available to you.
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When sending or requesting money through your PayPal account, you can choose whether it’s a payment for “friends and family” or a payment for “goods and services.”
Friend and family payments are often used to pay friends, transfer money to family members abroad, or send digital gift cards.
To send money to friends and family using PayPal, both you and the recipient need to have a PayPal account (you can set one up for free).
You can also send friends and family to pay using the PayPal app or PayPal.Me. The process is the same in the app – you just need to enter the payment amount before choosing whether or not to pay friends and family.
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Payments can be made to anyone in the United States to friends and family. Free (from your bank account or PayPal).
If you’re sending money internationally, you may be charged a transaction fee as high as 5% (up to $4.99) of the transfer amount.
When you pay by credit or debit card, you are charged a small processing fee for both internal and external transactions. Pricing is currently 2.9% + flat fee (varies by currency; $0.30 in the US).
Here’s a good rule of thumb: If they aren’t your friends and family in real life, they shouldn’t be your friends and family on PayPal.
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Sometimes merchants need to make purchases with PayPal for friends and family instead of traditional payment for goods and services. This can be a compelling argument because there is no fee required, which means they can offer you a discounted rate.
You should not use “Send money to a friend or family member” in your PayPal account when paying for goods or services.
Business owners who know this should also not ask you to pay in this way. Take this as an alarm bell and pay only for goods and services.
While PayPal protects against “goods and services” fraud, PayPal does not refund “payments sent to friends and family using PayPal transactions”.
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If any of these things happen to you, PayPal promises to refund the full purchase price plus shipping costs (just be sure to report the problem within 60 days of the transaction).
PayPal tells you to start working with the seller, but if they refuse to press the “Issue Refund” button, you can open a dispute in the Resolution Center.
However, for sellers to be protected by PayPal, they must have proof of delivery or shipment and submit all information. Learn more here.
For business transactions, anything works better than PayPal for friends and family – Square, Stripe, even PayPal Business.
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In general, payment processors designed for buying and selling goods will always have better security – and better prices. For example, Free Invoice allows businesses to make payments digitally, giving them better security and getting paid faster.
If you’re serious about transferring money between friends and family, PayPal is just the option. There are many peer-to-peer payment programs out there. My target is Venmo, but I’ll let you compare it yourself. Learning how to send money on PayPal without fees is a useful skill when you want to send money to a friend or family member.
When it comes down to it, PayPal holds no money for the sender unless a currency exchange is required. However, payees on PayPal can bring in money when they receive money or send money for goods or services.
When you buy a product or service on PayPal, the person or organization receiving the money brings the payment to you, but not you as the sender.
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When sending money through PayPal, it is important to let PayPal know what type of transaction you are doing. Depending on the option you choose, your recipient may or may not pay a fee.
So, if you’re sending money to PayPal friends or family members, you’ll need to make sure you choose the right option when initiating the transfer.
When you go to send money in PayPal, you’re asked whether you’re “sending a friend” or “paying for an item or service.” To avoid costs, you must select the “Send to a friend” option.
The steps to send money in PayPal for free on a mobile device are the same as when tapping on the send money option in Android or iOS.
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It’s important to note that in order to send money to PayPal without fees, you must have a credit card (checking account) linked to your PayPal account. Money sent via credit card is still subject to PayPal transaction fees, even if the money is sent to a friend or family member.
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Sending Money To Family And Friends With Paypal
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PayPal is one of the most popular ways to send money to friends, family, and merchants through its mobile app or website.
If you’re sending money to a friend or family member, you won’t be charged any fees. All you need is your friend’s email address, phone number, or PayPal username and a linked bank account, credit or debit card.
Here’s how to send money to PayPal using your iPhone and Android mobile devices or the desktop website.
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2. On the home page there is a toolbar at the bottom of the screen. Click Send, which should be an option on the left.
3. Enter the email address or phone number of the person you want to send money to. One section of the page is filled with your contacts – in other words, people you’ve sent money to or received money from in the past.
4. Enter the amount you want to send. If you click on the small arrow below Currency, you can change the currency in which you want to send your money. Click Next to confirm the amount you want to send.
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5. On the next page, you can make sure everything is correct about sending your money, as well as add a note and choose the payment method you want to use.
2. Once you’re signed in, find and then click “Submits and Requests” in the menu at the top of the page.
3. Type in the email address, username or phone number of the person you want to send money to in the input box.
4. A pop-up will appear asking if the money has been sent to a friend or merchant. Be sure to select “Send to a friend” – there’s no charge for this.
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5. Use the input box again to enter the amount you want to send. You can also add a note at the bottom explaining the purpose of the money or sending it as a gift. Click Continue when you’re done.
6. Paypal will select your preferred payment method. If the payment method you want is not the one you want to use for this sale, select “Change Payment Method” before continuing.
7. After reviewing your recipient information, payment amount, and desired payment method, select Send Payment Now. Once submitted, you will receive a confirmation email and the funds will be immediately available in the recipient’s PayPal account.
Mira Jabal is a freelance journalist based in Portland, Oregon. He writes about business, culture and technology for Insider. His work has been featured in Digital Trends, Willamette Week, USA Today, and more. Graduated from Columbia Journalism School and San Francisco State University. feel free to talk to her