Im looking to paypal someone money and have their email address. However, i dont have the full amount i want to send them so my bank to paypal usually takes 3 business days.
Is there a way to get my funds from bank of america to paypal quicker where i could send the amount to the paypal account?
Also i read that you could send it as a gift and it would be free so if i send $500, it wouldn’t cost anything but if i just regularly send it, theres a 2.9 percent fee? Im bit confused at this b/c if this is the case, why doesn’t anyone that send to another paypal user always send as a gift then?
If you have $100 in your Paypal account, and want to send $300 to a friend, you don’t have to wait until you can transfer $200 from your bank account to your Paypal account. You can send it immediately, and Paypal will pull the funds from your bank account as soon as it can.
Sending money to a friend is free, and that entices people to use Paypal’s services. But if you need any additional functionality, such as the ability to process credit cards, send invoices, or request money from someone through Paypal, that payment will incur a fee. These are sometimes very handy features, and it helps with paperwork and traceability, so many users are willing to pay a small percentage for that.
Can’t you just send an email money transfer directly from your bank? Pretty much all banks here (Canada) have this functionality through their online website.
There is a wide gulf of difference between the services provided by Canadian and American banks to their clients. American banks consider their clients to be commodities that can be bought and sold in bank mergers. In fact, I have just been notified that I’ve been sold to to a bigger bank.