At long last PayPal, will allow Americans to do what the British have been doing for years: send gift money by PayPal for free.
PayPal has been taking up to 2.4% from the top of money gifts you send to friends and family (i.e. not for payments of service). The opposite has been true in the UK, they have been able to send money to each other left & right and it doesn't cost them a penny.
Beware though: the service is only free if it's funded by your PayPal balance or by your checking account; debit and credit card funding will still cost you. Again.
Thanks PayPal.
Friday, June 26, 2009
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