Are there any restrictions or limitations when using digital currency for friends and family payments on PayPal?

3 answers

• Marcell TakácsJun 05, 2021 · 4 years ago
  When using digital currency for friends and family payments on PayPal, there are a few restrictions and limitations to keep in mind. Firstly, PayPal only supports certain types of digital currencies, so you need to make sure that the currency you want to use is supported by PayPal. Additionally, PayPal has specific guidelines for using digital currency, such as requiring you to have a verified PayPal account and limiting the amount of digital currency you can send or receive. It's also important to note that PayPal may charge fees for converting digital currency into traditional currency. Overall, while PayPal does allow the use of digital currency for friends and family payments, there are some restrictions and limitations that you should be aware of to ensure a smooth transaction.
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• Nturanabo HoraceJun 29, 2023 · 2 years ago
  Using digital currency for friends and family payments on PayPal can be convenient, but there are a few restrictions and limitations you should know about. Firstly, not all digital currencies are supported by PayPal, so you need to check if the currency you want to use is accepted. Secondly, PayPal has certain guidelines for using digital currency, such as verifying your account and setting transaction limits. Additionally, PayPal may charge fees for converting digital currency into traditional currency. It's important to be aware of these restrictions to avoid any unexpected issues when making payments.
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• akbar_baregheJul 16, 2020 · 5 years ago
  When it comes to using digital currency for friends and family payments on PayPal, there are a few things to keep in mind. Firstly, PayPal supports a limited number of digital currencies, so you need to make sure that the currency you want to use is supported. Secondly, PayPal has specific guidelines for using digital currency, such as verifying your account and setting transaction limits. It's also worth noting that PayPal may charge fees for converting digital currency into traditional currency. Overall, while PayPal does allow the use of digital currency, there are some restrictions and limitations that you should be aware of to ensure a smooth payment process.
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