Is there a fee to Send cash using a credit card and is there a limit?

temp20220417b
New Community Member
If someone wants to send me money over 10k using a credit card, is there a fee to do this? Is there an additional fee when transferring the money into my bank account? Also, can I decide exactly how much I want to transfer into my bank account?
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sharpiemarker
Esteemed Advisor
Esteemed Advisor

@temp20220417b wrote:
If someone wants to send me money over 10k using a credit card, is there a fee to do this?

*Personal transactions (sender pays fee**): https://www.paypal.com/us/webapps/mpp/paypal-fees#SendAndReceiveMoney
Business transactions (recipient pays fee): https://www.paypal.com/us/webapps/mpp/merchant-fees#statement-2


*No Seller or Buyer protection on PayPal disputes/claims but sender has credit card chargeback abilities.

Is there an additional fee when transferring the money into my bank account?
 

Personal Acct: https://www.paypal.com/us/webapps/mpp/paypal-fees#TransfersOutOfPayPal

Business Acct: https://www.paypal.com/us/webapps/mpp/merchant-fees#statement-15


Also, can I decide exactly how much I want to transfer into my bank account?

 
Yes, but up to the withdrawal amount limits, see the last two links and scroll past the withdrawal fees.

Also note:

If one don't have a PayPal account, one can send a one-time payment of up to $4,000.

 

If one has a PayPal account and is Verified, there’s no limit on the total amount of money one can send from their account. One can send up to $60,000, but may be limited to $10,000, in a single transaction. (This amount can vary, though, depending on the currency used.)

If one’s account is Unverified, there’s a limit on the total amount of money one can send from their account.

 

How do I verify my PayPal account?

 


Kudos & Solved are greatly appreciated. 🙂
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