How do I avoid sending PayPal fees to friends and family?

Avoid PayPal Fees When Sending Money to Loved Ones

Sending money to friends and family should be an easy and cost-free process. With PayPal, you can avoid paying unnecessary fees by utilizing their designated Friends and Family function.

How to Use PayPal’s Friends and Family Option

1. Log into your PayPal account.

2. Click on “Send & Request.”

3. Select “Send to a friend or family member.”

4. Enter the recipient’s email address or phone number.

5. Choose “Friends & Family” as the payment purpose.

6. Enter the amount you want to send.

7. Click on “Send.”

Key Points to Remember

• Transaction Origin: For the Friends and Family option to be fee-free, the payment must originate from a linked bank account or your existing PayPal balance.
• No Buyer Protection: Transactions made through the Friends and Family function do not include buyer protection. This means that if you send money to the wrong person or do not receive the goods or services as expected, you may not be able to recover your funds.
• Limits: PayPal may impose limits on the amount you can send using the Friends and Family option. These limits may vary depending on your account status and location.

Benefits of Using the Friends and Family Option

• No transaction fees: Avoid the standard PayPal fees of 2.9% + $0.30 per transaction.
• Simplicity: The process is straightforward and easy to complete.
• Convenience: You can send money to friends and family members without worrying about additional costs.

Conclusion

By utilizing PayPal’s Friends and Family function, you can send money to your loved ones without incurring any transaction fees. Ensure that the payment originates from a linked bank account or your PayPal balance, and keep in mind the transaction limits and lack of buyer protection associated with this option.