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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
geof3
1,125 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
5,698 posts
 

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

phillyb's avatar
phillyb OP
394 posts
 

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

elrod
231 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?

waorwraith
28 posts
 

Did you by chance indicate what it was for?

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