is paypal free?
By sophialin
@sophialin (2677)
China
April 16, 2008 8:19pm CST
i hear that both papal and alertpay charge 2.9% transfer fee plus an additional $0.30 base fee when we receive funds.
while i havn't seen any deduction of my march earnings on mylot.it's just the amount which i have earned in march.
is paypal totally free? if not,when will it charge the fee?
4 people like this
14 responses
@GardenGerty (157629)
• United States
17 Apr 08
I do not know why, on some things, PayPal charges fees, but on others does not. I have one income source where fees are deducted, but never from my myLot earnings. If you receive the funds and it does not list a fee at that time, then that transaction has no fee.
3 people like this
@sophialin (2677)
• China
18 Apr 08
do you know whether it charges or not between international funds transfer if both are personal accounts.
2 people like this
@GardenGerty (157629)
• United States
19 Apr 08
When I received payments from a friend in the UK there is usually a fee. That is as much as I can tell you about international fees.
1 person likes this
@ravinskye (8237)
• United States
17 Apr 08
Paypal is free. I transferred money from my paypal account to my regular bank account and it didn't charge me anything. I think that if you want like an immediate transfer to your account then they charge you, but other than that its free. I'm not sure about alertpay, i haven't used them. Paypal has a page that explains all the ways you can transfer you money.
2 people like this
@sophialin (2677)
• China
18 Apr 08
unluckily,paypal may be free to all personal members in the world other than china,it charges $35 every time we apply for transfering funds to bank account in china.while it's free for bank account in Hongkong.
i don't know why is it so unfair.
@chiyosan (30184)
• Philippines
18 Apr 08
i dont think it charges from mylot. maybe paypal charges on other stuffs you get.. and maybe mylot was a verified sender so they are not charging if funds came from the site.
as for me, if i withdraw less than P7000 amount to bank, there will be a fee charged to my account, about $1.
2 people like this
@zed_k4 (17589)
• Singapore
18 Apr 08
Hello there sweetie, I think that the transfer fee is for those doing transactions on a "fast" basis. Otherwise, I'm none too sure. Where you are from by the way? If you are from a particular country, log on to your own regional paypal and check out the FAQs. Or you can also email them to find out when the transfer fee applies.
Take care there.
2 people like this
@haisky (64)
• China
18 Apr 08
I have no idea for it because i have never received a found
or payment throuth paypal.But in paypal's TOS it does request a transfer fee when you receive founds.I wish i can
receive my earnings on mylot as soon as possible,so i can
experience whether there is a transfer fee for myself.
2 people like this
@desertdarlene (8910)
• United States
8 May 08
I generally don't pay any type of fee when someone sends me cash, like Mylot does. I also don't pay anything to directly transfer it to my bank account. But, I also sell my artwork and whenever someone pays with a credit card, I have to pay a fee. They seem to charge fees for other things, too, but most of them relate to receiving money through someone else's credit card. In a way, it's not too bad as it's cheaper than what the credit card companies charge me for the same service if I went on my own.
1 person likes this
@jayalaksmi (1039)
• India
8 May 08
As per my knowledge paypal charges only $0.30 when we do any transaction there. I didn't knew about the transfer fee but i will surely check it when i do any transfer and then i will surely reply in this discussion.
@williamjisir (22819)
• China
17 Apr 08
Hello dear sophialin. I have no idea about it, but I know that if we take our earnings from paypal, we will be charged 35 dollars for the transferring fee to from paypal to our bank account. I wonder why we are charged that high, which does not seem reasonable.
@williamjisir (22819)
• China
17 Apr 08
Hello dear sophialin. I do not think that it is worth transferring the money when we have not made enough at mylot. The so-called enough, I mean, is an ideal amount of money that you think is ok for you to transfer it to your own bank account. I am afraid that I will have to wait for at least one or two years before I have made enough by my standard before my getting it transferred. Thanks for your question.
1 person likes this
@sophialin (2677)
• China
17 Apr 08
oh i have seen it in my paypal account.it's amazing that i should pay $35 first to withdraw money to my bank account.it seems $35 is the base fee it charges every time we transfer money to our bank account in china.thus when can i get money?
1 person likes this
@sophialin (2677)
• China
18 Apr 08
you are right,$35 is such a large amount.what i have worked hardly for 40 days only reaches $24.1 on mylot.when can i accumulate enough money in my paypal account.
while i have a good idea that maybe we chinese can transfer all money to an only account and cashout it with the only person's bank account,after which we can get our own money from the person respectively.in that case,we can decrease the cost through apportionment of expenses.what do you think about it?
1 person likes this
@gemini_rose (16264)
•
17 Apr 08
With my paypal account, I get charged if I transfer any money and it is under £50, then I get charged 25p. If the amount that I transfer is over £50 it is free. I did not get charged for having money paid into my paypal account.
1 person likes this
@sophialin (2677)
• China
18 Apr 08
oh that's a large amount.in china,it's $35 every time you withdraw your money from paypal to your domestic bank account.while if your account is in hongkong,it's free.
@rhane7315 (5649)
• Philippines
18 Apr 08
there are some things that paypal charges and others don't
1 person likes this
@sophialin (2677)
• China
17 Apr 08
do you mean it's also free to transfer funds between international personal accounts?by the way,i'm a chinese.
