Business Service Fee

jbfolsom
New Community Member

Why was i charged a business service fee for sending money to an acquaintance?  Is it because they are using a business email?

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1 REPLY 1

Quandary
Advisor
Advisor

If you used a debit card or credit card as the funding source there is a fee - for US accounts it's 2.9% plus $0.30 USD of the amount you send.  An example would be, you send $100.00 USD to a friend and you used your credit card as the funding source, the fee would be $3.20 USD ($2.90 + $0.30).  When you use either your PayPal balance or a bank account or a combination of both there are no fees (assuming you're sending to someone in the U.S.).

 

 

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