How do I use PayPal friends and family? What is the difference between regular PayPal & PayPal friends with family? These are quite a frequently asked question over the internet nowadays. Hence, I believe, these questions deserve a comprehensive answer. That's why I have picked up this topic for today's discussion. As we progress in our discussion, you will also get to know about simple steps to use friends & family features on PayPal.
Before I proceed, there is one important point to keep in mind! Be informed that family & friends feature is only available for only those who hold a personal PayPal account. It means users with PayPal business accounts can't avail of the benefits that come with a personal PayPal account. So, let’s learn the basics to ensure you don’t make the mistakes that others make.
What is PayPal friends and family 2020?
As we all know that PayPal offers fast, safe, and reliable money transfer services at a global level. People use it for both personal & commercial purposes. And as the name suggests, friends & family service is referred to personal use only. Its actual relation is with the fees & charges. When you send or request money to and from your account, PayPal asks to clarify the type of payment.
On-screen, you get two options to choose anyone: "sending to a friend" or "Paying for an item or service". Though you can choose any option according to your purpose of payment. But, before that, I recommend you once to scroll down to find out the difference in fees between these two options.
What are PayPal friends and family fees?
If you hold a personal account on PayPal and send funds to any friend or family member, then you will not be charged unless you send money outside of the US. Sending payment outside of the US will be considered as an international payment which is a paid service.
Transfer money beyond the US will attract a fee up to 5% or a fixed amount up to $ 5 USD. In case if you use your debit or credit card to send money from the US to any other country, you may have to bear a small amount of processing fee for making an international transaction.
What are PayPal friends and family limits?
Now I have a piece of good news for you. And the good news is that there is no limit to sending money to your family member or friend. Yes, you can make so many transactions & send as much money as you wish with ease of mind. However, there is one point to keep in mind. And that is there is a cap for sending the maximum amount to any individual person. Let's understand it with an example.
If you want to send $20,000 money to your friend, then you will have to make two transactions. Each transaction of $10,000. Also, don't forget that this facility is available for only domestic payment in the US and for verified users only. In case if you switch money to any international country then regular terms will be applicable.
How to use friends & family on PayPal?
It is quite simple to send or request money on PayPal. If both of you have a PayPal account. You can follow the below-mentioned steps with ease of mind:
The first step is to sign in to your PayPal account.
Now select the "Send & Request" option available at the home screen.
Here comes a field where you need to enter a phone number, email, or name of the person whom you want to transfer money.
When you ask, select " Sending Payment to a friend".
Now enter the amount and send money.
What is the best alternative of PayPal to send money to family & friends?
Good question! There are so many money transfer applications available in the US. But, from my point of view, I prefer to use Square Cash App. Why? Because this one smart app fulfills all kinds of my requirements from sending money to buying Bitcoin & Stocks. Also, it offers handsome discounts on store purchases and many hassle-free services. You might be interested to know how to use Cash App.
So, here comes an end to our today's tutorial: What is PayPal Friends and Family & How to use it. Hopefully, you will find all the information quite helpful & effective. Need more clarification over anything related to PayPa?. You are welcome to contact us 24 hrs.