How do I avoid PayPal fees when sending money?
Avoid PayPal Fees When Sending Money
PayPal is a popular online payment platform that allows users to send and receive money around the world. However, PayPal charges a fee for certain types of transactions. Here are a few tips on how to avoid PayPal fees when sending money:
Use Your Linked Bank Account
The best way to avoid PayPal fees is to use your linked bank account to fund your transaction. PayPal does not charge a fee for this type of transfer.
Use Your PayPal Balance
If you have a PayPal balance, you can also use it to fund your transaction without incurring a fee.
Avoid Paying with Credit or Debit Card
PayPal charges a 2.9% charge plus a 30-cent processing fee for transactions funded with a credit or debit card. If you can, avoid paying with a credit or debit card to save money.
Choose Your Funding Source Wisely
When sending money via PayPal, be sure to choose your funding source wisely. If you have a linked bank account or a PayPal balance, use those options to avoid fees. If you must use a credit or debit card, be aware of the fees that will be charged.
By following these tips, you can avoid PayPal fees and save money on your transactions.
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