How to avoid paying PayPal fees when sending money?

How to Avoid Paying PayPal Fees When Sending Money

PayPal is a popular online payment service that allows users to send and receive money worldwide. While PayPal is convenient, it’s important to be aware of the fees associated with using the service. One way to avoid paying PayPal fees is to use your linked bank account or PayPal balance.

Using Your Linked Bank Account

When you send money via PayPal using your linked bank account, there is no fee charged. This is the most cost-effective way to send money using PayPal. To link your bank account to PayPal, follow these steps:

1. Log in to your PayPal account.
2. Click on the “Wallet” tab.
3. Click on the “Link a bank account” button.
4. Enter your bank account information.
5. Click on the “Link account” button.

Using Your PayPal Balance

If you have a PayPal balance, you can also use it to send money without incurring any fees. To add money to your PayPal balance, you can transfer funds from your bank account or use a debit card.

Using a Credit or Debit Card

If you don’t have a linked bank account or PayPal balance, you can use a credit or debit card to send money via PayPal. However, using a credit or debit card incurs a 2.9% charge plus a 30-cent processing fee.

Choosing Your Funding Source Wisely

To avoid paying PayPal fees, it’s important to choose your funding source wisely. If you have a linked bank account or PayPal balance, using either of these options will allow you to send money without incurring any fees. However, if you don’t have either of these options available, you can use a credit or debit card, but be aware of the fees associated with this option.

By following these tips, you can avoid paying PayPal fees when sending money.