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Can i transfer owed money to parents paypal account and is there a fee please?
heskpesk
Posts: 2,006 Forumite
I owe my parents £100 and wondered if I could transfer that figure from my Paypal account to their Paypal account to save the hassle of sending a cheque as they live a fair way away. Is this possible please and will either of us have to pay a fee? Thank you
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AFAIK You can send the £100 to there paypal account as a gift, and no charges will be added.0
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One of you has to pay the fee. You can sneakily make it so they pay the fee, or you can pay it yourself.The quickest way to become a millionaire is start off as a billionaire and go into the airline business.
Richard Branson0 -
Bowling_4_Gold wrote: »One of you has to pay the fee. You can sneakily make it so they pay the fee, or you can pay it yourself.
If the sender has sufficient money already in their paypal account neither party incurs a fee if the option of 'gift' is chosen.
There will however be a fee if sender is drawing money from a card or bank transfer to send.I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.0 -
If the sender has sufficient money already in their paypal account neither party incurs a fee if the option of 'gift' is chosen.
There will however be a fee if sender is drawing money from a card or bank transfer to send.
Proven wrong again, lol.The quickest way to become a millionaire is start off as a billionaire and go into the airline business.
Richard Branson0 -
Bowling_4_Gold wrote: »Proven wrong again, lol.
Hey, just showing I spend waaaay too much time on the small print whilst I ought to be doing real work online :rotfl:I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.0
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