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() The main points are:
¶ PayPal fees will always be charged if the payment is funded by credit cards.
¶ PayPal fees won't be charged if the payment is designated as for one one of those personal categories AND it is cash-funded (i.e., from your Paypal balance or your bank account).
It is against PayPal's policy if you lie and designate a payment for merchandise as "personal" (like a loan payment or a gift). In my write-up about QuickPay, I said:
"======== Alternative to, and Advantages over, PayPal=====
Like many others, I have been searching for an alternative to PayPal.
I recently sold someone $300 worth of chips via PayPal. The PayPal fee to me was $9.00. With Chase QuickPay it would have been zero!
Dealers and collectors can no longer settle trades and purchases using PayPal WITHOUT PAYING FEES. It used to be (before June 3rd) that ANY receipt into a PERSONAL PayPal account was not charged a fee so long as it was NOT credit card-funded. No longer. Since June 3rd, EVERY receipt (including cash-funded ones) going into any PayPal account is charged the 2.9%-plus-$0.30 fee unless the sender formally designates it as personal, such as a "gift" or "loan" payment. Even if you were willing to perpetrate lying, PayPal would eventually suspend or terminate your account if you have NUMEROUS and suspicious "gift," "loan" or "other" "personal" receipts showing up in your PayPal account. PayPal has also said that if you ask someone to falsely declare a purchase payment as personal, "PayPal may remove your ability to accept personal payments." .... .... Lastly, even if you receive a legitimate "personal" PayPal payment, you would be subject to the 2.9%-plus-$0.30 fee if the payment was funded by a credit card!
I think I have found the perfect alternative to PayPal in Chase Bank's QuickPay."
In another post on this thread, I explain QuickPay.
Robert
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