I've noticed that some listing of items for sale say "PayPal Gift or 3% regular". Could someone explain please. I'm assuming that it an additional 3% for a regular PayPal payment. So what is a gift payment?
Bmd-owner Senior Member 341 posts Joined Dec 2007 Location: Embrun, ON Canada More info | Jul 29, 2012 14:36 | #1 I've noticed that some listing of items for sale say "PayPal Gift or 3% regular". Could someone explain please. I'm assuming that it an additional 3% for a regular PayPal payment. So what is a gift payment? Stephanie
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Calsar Senior Member  709 posts Likes: 15 Joined Sep 2010 Location: Illinois More info | Jul 29, 2012 14:39 | #2 It is a personal payment via paypal that is intended to send money for a gift to relatives , friends or whomever. It is not intended to be used as a means of product purchase and as such offers no 'purchase' protection from paypal. The typical "fee" for the seller is avoided so they will get the full amount of the price sent. The buyer however will pay this fee when they send the gift payment. Stuff and Things
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Jul 29, 2012 14:39 | #3 Thank you|! Stephanie
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magicmikey Goldmember  1,019 posts Likes: 37 Joined Feb 2005 More info | Jul 29, 2012 14:42 | #4 If you have a premier account (can accept more than low-dollar payments), PayPal charges a 2.9% fee plus an additional $0.30 per transaction. PayPal Gift allows you to accept money with no fees but is not supposed to be used for transactions. It's only supposed to be used when you are sending someone some money as a gift. PayPal Gift does not have the same protections for the person sending money as a regular PayPal transaction. Many sellers here will accept PayPal Gift or ask for 3% additional if you use the regular PayPal.
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warbandit Member  114 posts Joined Dec 2010 Location: Canada More info | Jul 29, 2012 14:49 | #5 In addition, you don't necessarily need to calculate the 3% yourself. When you punch in the payment total in PayPal, it will calculate the 3% and you have to select to cover the 3% or make the other person cover it. So you should clarify with the seller/buyer who is covering beforehand. [5D, 50D] [Canon 50 1.4, 85 1.8, 80-200 2.8L] [580EX, 550EX, 430EXII] | My Feedback
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acajun Goldmember  2,055 posts Likes: 3 Joined Apr 2010 Location: South Louisiana More info | Jul 29, 2012 14:52 | #6 ^^^ Good tip, I never realized this. _______________
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