Will PayPal charge a fee on GoFundMe withdrawals to my PayPal account?

bulian
Member
Member

Have set up a GoFundMe to help a family I have been working with. GoFundMe (GFM) don't seem to allow withdrawals to my bank so have had to use my PayPal account. When I withdraw the money from to my PayPal account, will I be charged a fee on that incoming money or will it go through like 'friends and family'?

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9 REPLIES 9

kernowlass
Esteemed Advisor
Esteemed Advisor

@bulian 

 

As you haven't added your country to your profile (so we can see when we hover over your username) or said in your post which country you are in so unfortunately we can't advise.
Paypal varies a great deal country to country so you need to tell us where you are on this worldwide community forum.


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bulian
Member
Member

@kernowlass Hi, sorry about that, didn't realise. I'm in the UK.

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bulian
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Member

@sharpiemarker That just seems to talk about fees paid if you are making a payment through PayPal to GFM, not if you are withdrawing funds raised to a paypal account. Hope that makes sense.

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

@bulian 

 

I’m looking at gofundme and it seems like the only option is to withdrawal to bank account. No PayPal withdrawal except through PayPal Giving Fund.

https://support.gofundme.com/hc/en-gb/articles/360001992767-How-to-transfer-funds


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sharpiemarker
Esteemed Advisor
Esteemed Advisor

@bulian 

 

And if you were able to transfer to PayPal, just click on the transaction and look for “Fee” where the amounts are.


Kudos & Solved are greatly appreciated. 🙂
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kernowlass
Esteemed Advisor
Esteemed Advisor

@bulian 

 

In that case check out this link for more information.

https://www.paypal.com/uk/smarthelp/article/what-fees-will-be-charged-for-funds-donated-through-gofu...


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bulian
Member
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@kernowlass I think that's talking about payments made via payal to GoFundMe rather than if there are any fees charged when withdrawing funds raised to a PayPal account.

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