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Is PayPal Gift free

Discussion in 'audio' started by Sovereign, Feb 2, 2013.

  1. Sovereign

    Sovereign pfm Member

    I have to send some money to my family in the States.
    Am I correct in thinking PayPal gift is free? Does PayPal charge me to deposit money into PayPal?
  2. allen6266

    allen6266 pfm Member

    Paypal want to charge me GBP 10 for GBP 200 transfer.
  3. Sovereign

    Sovereign pfm Member

    Is that PayPal Gift?
  4. hifi-dog

    hifi-dog pfm Member

    gift is free...
  5. truk

    truk pfm Member

    Yes as misterc6 says, it is free unless you are sending the money to another country in another currency when you will be charged a fee. Still cheaper than a bank transfer though.
  6. neiljadman

    neiljadman Senior Member

    But also check the exchange rate offered - you'll probably also lose about 3% compared to the current wholesale rate. Depending on how much you are going to transfer a bank wire can be cheaper despite the higher fees.
  7. espresso

    espresso pfm Member

  8. muzzer

    muzzer Numb Nut

    If you use your debit/credit card as the source funds then there is a charge (0.5% I think)which the payer or receiver pays, you get the choice as you go through the process.
    If you have enough funds in your PP balance then it's free.

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