Date
1 - 20 of 27
sending the full amount of money through pay pal
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Troy Burnham
Hi all,
I know there's a way to send money through pay pal where the person on the other end gets the full amount because I've done it before but I can't seem to figure out how to do it now. Can somebody remind me? Btw I have the pay pal app on my iPhone but I prefer to use the computer for pay pal transactions because I feel like there's less of a chance of me messing something up. Thanks. Troy
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Mich Verrier
Hi Troy. I think youwill go to paypal and enter in the edit field the amount you are going o send to the other person. Hth. From Mich. Ps I agree with you about using the computer to do paypal since I have never got the hang of how to use the app on my phone. From Mich.
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-----Original Message-----
From: main@TechTalk.groups.io <main@TechTalk.groups.io> On Behalf Of Troy Burnham Sent: August 26, 2019 8:48 PM To: main@TechTalk.groups.io Subject: [TechTalk] sending the full amount of money through pay pal Hi all, I know there's a way to send money through pay pal where the person on the other end gets the full amount because I've done it before but I can't seem to figure out how to do it now. Can somebody remind me? Btw I have the pay pal app on my iPhone but I prefer to use the computer for pay pal transactions because I feel like there's less of a chance of me messing something up. Thanks. Troy
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Olusegun -- Victory Associates LTD, Inc.
Troy, if you're NOT PAYING for GOODS AND SERVICES on Paypal, you're
essentially sending me money as a friend or family member. Make that choice on Paypal and NO RED CENT shall be deducted from whatever you send to the recipient. One caveat before I run: If you're sending money to someone outside the United States, Paypal WILL MOST DEFINITELY CHARGE YOU a fee for converting the money being sent into the currency in use in the recipient's country. Sincerely, Olusegun Denver, Colorado
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Holly
I think if you use the 'friends and family' option, there is nothing taken out of the amount transferred, but you don't have any protection if you are making a purchase from an unknown party.
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Evan Reese
Hmmm, I guess I need to check whether I'm sending money via goods and services or friends and family.
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I live in the U.S. I've bought a few hundred music downloads from record labels on Bandcamp. A lot of these labels price their stuff in Euros, and sometimes in other foreign currencies, and I've never been charged a fee for currency conversion. I think it's the recipient that gets charged because I sure never have been. Evan
-----Original Message-----
From: Olusegun -- Victory Associates LTD, Inc. Sent: Monday, August 26, 2019 9:51 PM To: main@TechTalk.groups.io Subject: Re: [TechTalk] sending the full amount of money through pay pal Troy, if you're NOT PAYING for GOODS AND SERVICES on Paypal, you're essentially sending me money as a friend or family member. Make that choice on Paypal and NO RED CENT shall be deducted from whatever you send to the recipient. One caveat before I run: If you're sending money to someone outside the United States, Paypal WILL MOST DEFINITELY CHARGE YOU a fee for converting the money being sent into the currency in use in the recipient's country. Sincerely, Olusegun Denver, Colorado
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Troy Burnham
Once I log into pay pal how do I select friends and family? I logged in before asking my question and I didn't see anything on the main pay pal page for sending to friends and family.
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Troy
On 8/26/2019 8:52 PM, Holly wrote:
I think if you use the 'friends and family' option, there is nothing taken out of the amount transferred, but you don't have any protection if you are making a purchase from an unknown party.
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Holly
After you log in, you need to click on 'send money' or something like that. As you progress through the process, at some time you will see the option for 'friends and family'
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Troy Burnham
Thanks I figured it out.
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Troy
On 8/26/2019 9:35 PM, Holly wrote:
After you log in, you need to click on 'send money' or something like that. As you progress through the process, at some time you will see the option for 'friends and family'
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enes sarıbaş
you do actually get charged. You will see the charge on your e-mail receipt.
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On 8/26/2019 9:05 PM, Evan Reese wrote:
Hmmm, I guess I need to check whether I'm sending money via goods and services or friends and family.
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Evan Reese
No, I have never been charged. I pay exactly the quoted price, or the price I decide to pay, in the case of one of those Name Your Price items. I have bought a few hundred items on Bandcamp over several years now, many of them priced in Euros. I have never been charged for currency conversion, or had to pay any fee on top of the price I pay for the item.
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I would know if I had been charged. I read those email receipts from PayPal, and I save all of them. I also check my bank account regularly to keep track of what has gone out and what has come in. There has never been a transaction charge, and there has never been a currency conversion charge in the case when I pay in Euros or some other foreign currency. Foreign currency in this case means Non-U.S. currency. Evan
-----Original Message-----
From: enes sarıbaş Sent: Sunday, September 01, 2019 5:12 PM To: main@TechTalk.groups.io Subject: Re: [TechTalk] sending the full amount of money through pay pal you do actually get charged. You will see the charge on your e-mail receipt. On 8/26/2019 9:05 PM, Evan Reese wrote: Hmmm, I guess I need to check whether I'm sending money via goods and services or friends and family.
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enes sarıbaş
Hi,
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See this from my nvaccess purchase for example. From amount £34.56 GBP To amount $60.00 AUD Exchange rate: 1 GBP = 1.73598 AUD Invoice ID: Issues with this transaction? You have 180 days from the date of the transaction to open a dispute in the Resolution Center. Currency conversion: To complete this transaction, we converted the payment amount to the currency of your card based on our agreement with you. PayPal's currency conversion fee is added to the exchange rate, set by an external financial institution. For more information about fees, see our user agreement.
On 9/1/2019 4:55 PM, Evan Reese wrote:
No, I have never been charged. I pay exactly the quoted price, or the price I decide to pay, in the case of one of those Name Your Price items. I have bought a few hundred items on Bandcamp over several years now, many of them priced in Euros. I have never been charged for currency conversion, or had to pay any fee on top of the price I pay for the item.
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Evan Reese
My email receipts from PayPal don't say anything like this.
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The closest they come is to say that PayPal makes money on converting currencies, but nothing about a fee on my particular transaction, as is the case in your receipt. Read the following receipt from August 13 of this year: * Description Unit price Qty Amount V.A. - Mind Over Matter, digital album by D Noir Records €9.00 EUR 1 €9.00 EUR Subtotal €9.00 EUR Total €9.00 EUR Payment €9.00 EUR Payment sent to support@bandcamp.com Payment sent from mentat1@dslextreme.com Funding Sources Used (Total) JPMORGAN CHASE BANK, NA x-3270 $10.45 USD Exchange rate: $ 1 USD = € 0.8613 EUR Converted From: $10.45 USD Converted To: €9.00 EUR PayPal makes money on converting currencies. Invoice ID: payment_id=713725100&sig=030af9f0f7263351a8a28f36159d1c63 Issues with this transaction? You have 180 days from the date of the transaction to open a dispute in the Resolution Center. Questions? Go to the Help Center at www.paypal.com/help. Please do not reply to this email. This mailbox is not monitored and you will not receive a response. For assistance, log in to your PayPal account and click Help in the top right corner of any PayPal page or please contact us toll free at 1-888-221-1161. You can receive plain text emails instead of HTML emails. To change your Notifications preferences, log in to your account, go to your Profile, and click My settings . Copyright © 1999-2019 PayPal, Inc. All rights reserved. PayPal is located at 2211 N. First St., San Jose, CA 95131. PayPal PPX001066:1.1:afdeeeb768f0d * So nothing in there about a fee. I wonder if it is because you are in a different country? Evan
-----Original Message-----
From: enes sarıbaş Sent: Sunday, September 01, 2019 6:04 PM To: main@TechTalk.groups.io Subject: Re: [TechTalk] sending the full amount of money through pay pal Hi, See this from my nvaccess purchase for example. From amount £34.56 GBP To amount $60.00 AUD Exchange rate: 1 GBP = 1.73598 AUD Invoice ID: Issues with this transaction? You have 180 days from the date of the transaction to open a dispute in the Resolution Center. Currency conversion: To complete this transaction, we converted the payment amount to the currency of your card based on our agreement with you. PayPal's currency conversion fee is added to the exchange rate, set by an external financial institution. For more information about fees, see our user agreement. On 9/1/2019 4:55 PM, Evan Reese wrote: No, I have never been charged. I pay exactly the quoted price, or the price I decide to pay, in the case of one of those Name Your Price items. I have bought a few hundred items on Bandcamp over several years now, many of them priced in Euros. I have never been charged for currency conversion, or had to pay any fee on top of the price I pay for the item.
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enes sarıbaş
They just charge the fee and add it. I bet the conversion rate is much better. a dollar is alot more than than 68 euro cents.
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On 9/1/2019 5:17 PM, Evan Reese wrote:
My email receipts from PayPal don't say anything like this.
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enes sarıbaş
I just checked, and one dollar is 0.91 euro. This is why it is probably better to use a curency exchange service, as the exchange rates from banks etc, are terrible.
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On 9/1/2019 5:17 PM, Evan Reese wrote:
My email receipts from PayPal don't say anything like this.
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Evan Reese
Hmmm, what you say may very well be true, but it raises another question. If that were the case, why would they tell you that they're charging you a fee, as per your agreement, but not tell me that they're charging a fee as per my agreement?
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They can always charge the business the fee, and not the consumer. Since they aren't telling me that they're charging me a fee, I'll bet that's what they're actually doing. Rules may be different for different countries. And currency rates can change quite a bit from day to day. Evan
-----Original Message-----
From: enes sarıbaş Sent: Sunday, September 01, 2019 7:20 PM To: main@TechTalk.groups.io Subject: Re: [TechTalk] sending the full amount of money through pay pal They just charge the fee and add it. I bet the conversion rate is much better. a dollar is alot more than than 68 euro cents. On 9/1/2019 5:17 PM, Evan Reese wrote: My email receipts from PayPal don't say anything like this.
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Evan Reese
I am doubtful that it's an appreciable difference for small transactions such as the kind I gave a receipt for below, hardly worth the trouble.
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Besides, as I said, 0.91 Euro may be the currency rate now. Back on August 13, it could very well have been what my receipt says it was, 0.8613 Euro. It's not that much different from 0.91 Euro. It could have gone a lot higher and lower in the past few weeks just by daily currency exchange fluctuations. Evan
-----Original Message-----
From: enes sarıbaş Sent: Sunday, September 01, 2019 7:21 PM To: main@TechTalk.groups.io Subject: Re: [TechTalk] sending the full amount of money through pay pal I just checked, and one dollar is 0.91 euro. This is why it is probably better to use a curency exchange service, as the exchange rates from banks etc, are terrible. On 9/1/2019 5:17 PM, Evan Reese wrote: My email receipts from PayPal don't say anything like this.
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Olusegun -- Victory Associates LTD, Inc.
Mr. Evan Reese wrote in part:
"I've never been charged a fee for currency conversion. I think it's the recipient thatSorry sir, international business transactions DO NOT WORK as you indicated. The recipient of any funds transferred across borders IS NOT THE INITIATOR of the transaction; therefore, all transaction charges, including foreign currency exchange fees, will never be borne by the transferee. Ask any bank--U.S. Bank, Wells Fargo, Chase, and CapitalOne. These entities MOVE A HECK OF A LOT when it comes to international business transactions. Credit unions don't do nearly as much at least here in the United States but not so in Britain where they are commonly referred to as cooperatives! Sincerely, Olusegun Denver, Colorado
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Olusegun -- Victory Associates LTD, Inc.
Evan, in your post, the following statement appears:
"Paypal MAKES MONEY from CURRENCY CONVERSION." Not sure I know what else you need to know that the COST OF FOREIGN EXCHANGE CONVERSION was added to the transaction fee you paid Paypal. At least Paypal is reasonably transparent within the law on that score. Just ask Paypal directly and you'll be surprisingly shocked. Paypal won't EXCHANGE THE FUNDS for you if it won't make a cent on the transaction. In some cases, those conversion fees ARE NOT EVEN REFUNDABLE should you cancel your transaction. Even if you send the funds as FRIENDS & FAMILY, a currency exchange fee will still apply on such international transactions. Sincerely, Olusegun Denver, Colorado
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Olusegun -- Victory Associates LTD, Inc.
If the dollar has a higher value compared to the currency you're exchanging
it for, then the transaction fee may be insignificant. However, you'll definitely FILL THE PINCH if the dollar value is much lower as is sometimes the case with the British Pound Sterling! Sincerely, Olusegun Denver, Colorado
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enes sarıbaş
don't even get me started. Chase charged me $1.33 per pound, even though the exchange rate is like 23.
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On 9/1/2019 7:06 PM, Olusegun -- Victory Associates LTD, Inc. wrote:
If the dollar has a higher value compared to the currency you're exchanging
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