How do I receive money through PayPal without fees?

Receiving Money through PayPal Without Fees

PayPal, the global payment platform, offers various methods to receive money without incurring transaction fees. Here’s a breakdown of the fee-free options available:

Using Your PayPal Balance

When receiving funds from another PayPal user, you will not be charged a fee if you choose to store the money in your PayPal balance. This is a convenient option for those who frequently use PayPal for transactions and prefer to keep their funds within the platform.

Receiving from a Bank Account

If you link your bank account to PayPal, you can receive money without fees as long as the sender uses the “Friends and Family” payment option. However, it’s important to note that your bank may charge a fee for receiving funds through PayPal.

Amex Send

PayPal has partnered with American Express (Amex) to offer the Amex Send service. When you receive funds from an Amex cardholder using Amex Send, no PayPal fees will be charged. This option is particularly beneficial for businesses that accept payments from Amex customers.

Additional Considerations

While the above methods allow you to receive money fee-free on PayPal, there are certain instances where you may incur fees:

• Using Credit or Debit Cards: PayPal charges a 2.90% + fixed fee for receiving payments made with credit or debit cards.
• International Payments: When receiving money from a sender located in a different country, PayPal may charge additional fees for currency conversion and processing.

For a detailed breakdown of PayPal’s fee schedule, please refer to the official PayPal website. By carefully considering the available options and payment methods, you can minimize fees when receiving money through PayPal.