Paypal Insurance

raylafont
Contributor
Contributor

Greetings! Is my payment also insured through Paypal if I choose the payment for Friends option? Thanks everyone. 

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kernowlass
Esteemed Advisor
Esteemed Advisor

@raylafont 

 

A friends / family (or gift payment) is intended as a transfer of funds from family or friends to one another. For this reason, there is no processing fee when payment is made with bank or PayPal balance.
However as it is a “gift” payment, there is also no Buyer protection as no goods or services should have been exchanged.

If he was not a close mate or family member you should never use that option as it enables the seller to evade paying his paypal fees and negates your buyer protection at the same time. You would also not be able to open a dispute apart from one citing an unauthorised transaction (but that option is for hacked accounts so would be closed as you had authorised the transaction).

You also 'risk' having your account limited for using this option when you are purchasing goods as its against Paypal user agreement.

So to answer your question ...NO 😉


Advice is voluntary.
Kudos / Solution appreciated.

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kernowlass
Esteemed Advisor
Esteemed Advisor

@raylafont 

 

A friends / family (or gift payment) is intended as a transfer of funds from family or friends to one another. For this reason, there is no processing fee when payment is made with bank or PayPal balance.
However as it is a “gift” payment, there is also no Buyer protection as no goods or services should have been exchanged.

If he was not a close mate or family member you should never use that option as it enables the seller to evade paying his paypal fees and negates your buyer protection at the same time. You would also not be able to open a dispute apart from one citing an unauthorised transaction (but that option is for hacked accounts so would be closed as you had authorised the transaction).

You also 'risk' having your account limited for using this option when you are purchasing goods as its against Paypal user agreement.

So to answer your question ...NO 😉


Advice is voluntary.
Kudos / Solution appreciated.
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raylafont
Contributor
Contributor

@kernowlass 

 

Mighty kind of you to reply so quickly with such a thorough piece of info!

Much appreciated. I'll take all of this advice and go with it! 😉

 

ALL BEST! 

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