How does PayPal handle fees for sending digital currency to friends and family?

3 answers

• ThamaraDec 31, 2020 · 6 years ago
  When you use PayPal to send digital currency to friends and family, PayPal does charge fees for these transactions. The fees vary depending on the amount being sent and the currency used. It's important to note that the sender is responsible for paying the fees, not the recipient. PayPal will deduct the fees from the total amount being sent, so the recipient will receive the remaining balance. The fee structure can be found on PayPal's website, and it's always a good idea to review the fees before making a transaction.
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• Sasiru JayawardanaFeb 10, 2021 · 5 years ago
  Yes, PayPal does charge fees for sending digital currency to friends and family. The fees are based on a percentage of the total amount being sent, and they can vary depending on the currency used. It's important to keep in mind that these fees are separate from any conversion fees that may apply if you're sending a different currency than what your PayPal account is denominated in. To avoid any surprises, it's recommended to check PayPal's fee schedule before initiating a transaction.
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• Alexey OrekhovOct 27, 2024 · 2 years ago
  When it comes to sending digital currency to friends and family using PayPal, there are indeed fees involved. PayPal charges a fee based on a percentage of the total amount being sent. The fee percentage may vary depending on the currency used and the country you're sending the funds to. It's worth noting that PayPal also offers different fee structures for personal and business accounts. To get the most accurate information on fees, it's best to visit PayPal's official website or contact their customer support. Keep in mind that fees can change over time, so it's always a good idea to stay updated on the latest fee structure.
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