New Account

[NewbieIowa]

Set up a new account for my teenage son, who has received money as a graduation gift. I thought the funds would be directly transferred to the linked bank account, and am surprised that he has to accept the deposit and pay a fee. Is there a better way?

[kernowlass · Accepted solution]

@NewbieIowa 

Its down to how the payment was SENT to the account.

1. If you sent using money > goods / services option then paypal would see him as a seller and apply the new seller hold. They would also charge a fee.

2. If you had sent using the send money > family / friends option then they would have had the payment instantly with no fee. (However that option is not available in every country).