PayPal Vs. PayPal Gift?

volblorx8634 · 04-26-2010, 11:45 AM

I was just wonderin what the difference is and i guess advantages/disadvantages of one over the other. thanks.

Zacky1053 · 04-26-2010, 11:49 AM

Gift payments charge no fees to the receiver, but also have no buyer/seller protection.

iluvfish2 · 04-26-2010, 11:50 AM

Paypal fees are currently 2.9% + 0.30 per Transaction.
Example: if someone sends you 100 bucks, paypal will take 3.20 of the 100 so you will actually receive 96.80.

If a paypal payment is marked goods, then the buyer's shipping info will be included with the payment to the seller. A seller must send their item with DC (sig. confirmation if the payment is above $250) that can be electronically tracked in order to be "protected" against chargebacks/claims (keeping in mind its the sellers responsibility to get the item to the buyer safe and sound, if the item is broken/damaged in route and insurance is not provided/purchased, the seller is responsible).

A paypal gift cant only be made with paypal funds (assuming you dont want the standard fees assessed). Given this is a "gift" there are no recourses for the buyer so the seller really has nothing to worry about.

jonnytrouble · 04-26-2010, 11:51 AM

Quote:

Originally Posted by volblorx8634

I was just wonderin what the difference is and i guess advantages/disadvantages of one over the other. thanks.

Advantage is for the Seller. They get 100% of the payment instead of a fee being taken.

Disadvantage is for the Buyer. You are not protected by PayPal on gift transactions. i.e. if they decide to not send you your item, good luck getting your money back.

Final Prognosis DONT DO IT UNLESS YOU TRUST THE PERSON

Zacky1053 · 04-26-2010, 11:56 AM

Well on here you also have the backing of an entire forum so if you get duped by a member or try to dupe a member yourself it won't go unnoticed but still not worth taking the chance (Using PayPal Gifting) in some cases.

papajim · 04-26-2010, 12:00 PM

I think I seen somewhere on here that if you over use "gift" PayPal can shut your account down

hockeyjunkie99 · 04-26-2010, 12:03 PM

Take that 1 out of there. Its .029% + .30....lol

or you can say 2.9% + .30

Quote:

Originally Posted by iluvfish2

Paypal fees are currently 1.029% +0.30 per Transaction.

If a paypal payment is marked goods, then the buyer's shipping info will be included with the payment to the seller. A seller must send their item with DC (sig. confirmation if the payment is above $250) that can be electronically tracked in order to be "protected" against chargebacks/claims (keeping in mind its the sellers responsibility to get the item to the buyer safe and sound, if the item is broken/damaged in route and insurance is not provided/purchased, the seller is responsible).

A paypal gift cant only be made with paypal funds (assuming you dont want the standard fees assessed). Given this is a "gift" there are no recourses for the buyer so the seller really has nothing to worry about.

iluvfish2 · 04-26-2010, 12:19 PM

Good catch Nick, I used the number I for checking group breaks and figuring out how much paypal will be taking (in order to factor it in).

gman71 · 04-26-2010, 12:20 PM

Quote:

Originally Posted by papajim

I think I seen somewhere on here that if you over use "gift" PayPal can shut your account down

Know a few people that's happened to so far

I've got 2 paypal accounts linked to 2 different checking accounts,have been able to send back forth as a gift with no issues yet

g8rzfan · 04-26-2010, 12:21 PM

i have on occasion made gift payments on here and havent had any problems. as well a few people have sent gift payments and i still ship with dc.

i dont mind paying gift if it was from a reputable board member or someone who i have done deals with alot.

04-26-2010, 11:45 AM	#1
volblorx8634 Member Join Date: Feb 2010 Location: OC Posts: 4,143 kd35durant	PayPal Vs. PayPal Gift? I was just wonderin what the difference is and i guess advantages/disadvantages of one over the other. thanks. __________________ PC: Sacramento Kings and Cleveland Indians Looking for these cards: 1. 2018-19 National Treasure Tim Duncan Game Gear /10 (non-trim) 2. 2016 Kawhi Leonard Hoops Base Parallels (and Bird's Eye View Gold /10)

04-26-2010, 11:50 AM	#3
iluvfish2 Moderator Join Date: Jul 2007 Location: Lansing, Michigan Posts: 26,685 iluvfish2 iluvfish2	Paypal fees are currently 2.9% + 0.30 per Transaction. Example: if someone sends you 100 bucks, paypal will take 3.20 of the 100 so you will actually receive 96.80. If a paypal payment is marked goods, then the buyer's shipping info will be included with the payment to the seller. A seller must send their item with DC (sig. confirmation if the payment is above $250) that can be electronically tracked in order to be "protected" against chargebacks/claims (keeping in mind its the sellers responsibility to get the item to the buyer safe and sound, if the item is broken/damaged in route and insurance is not provided/purchased, the seller is responsible). A paypal gift cant only be made with paypal funds (assuming you dont want the standard fees assessed). Given this is a "gift" there are no recourses for the buyer so the seller really has nothing to worry about. __________________ Blowouts Resident Wade Boggs Super Collector Last edited by iluvfish2; 04-26-2010 at 12:18 PM. Reason: edited values

04-26-2010, 12:00 PM	#6
papajim Member Join Date: Jul 2007 Location: SoCal Posts: 2,558 retiredafgi	I think I seen somewhere on here that if you over use "gift" PayPal can shut your account down __________________ LOOKING FOR EDDIE ROYAL MAYO RED INK AUTOS

04-26-2010, 12:19 PM	#8
iluvfish2 Moderator Join Date: Jul 2007 Location: Lansing, Michigan Posts: 26,685 iluvfish2 iluvfish2	Good catch Nick, I used the number I for checking group breaks and figuring out how much paypal will be taking (in order to factor it in). __________________ Blowouts Resident Wade Boggs Super Collector

04-26-2010, 12:21 PM	#10
g8rzfan Member Join Date: Feb 2010 Location: Reynoldsburg, OH Posts: 5,359	i have on occasion made gift payments on here and havent had any problems. as well a few people have sent gift payments and i still ship with dc. i dont mind paying gift if it was from a reputable board member or someone who i have done deals with alot. __________________ If You're Not A GATOR You're Just Gator Bait! PROUD FEMALE COLLECTOR!! ALWAYS SEEKING USA BASEBALL NEED: 2010/11 SP AUTHENTIC Steve Alford Letter Autos A,O,R

04-26-2010, 11:49 AM	#2
Zacky1053 Member Join Date: Oct 2007 Posts: 22,750 Zacky1053	Gift payments charge no fees to the receiver, but also have no buyer/seller protection.

04-26-2010, 11:56 AM	#5
Zacky1053 Member Join Date: Oct 2007 Posts: 22,750 Zacky1053	Well on here you also have the backing of an entire forum so if you get duped by a member or try to dupe a member yourself it won't go unnoticed but still not worth taking the chance (Using PayPal Gifting) in some cases.