Recently, PayPal introduced free money transfers – I find it a convenient way to send and recieve money. It’s fast.
In some cases, it’s free to “Send Money”. Sometimes there are fees. Here’s how it breaks down.
- Within the US (in USD): Personal transfers to friends and family
- Must be: Fully funded by PayPal balance or Bank account (not credit card)
I've highlighted the 4 areas to edit to use "personal transfer"
The confirmation page will show you "$0" fee
see video with more details
see also: Send Money Free vs. Fees
3 Comments
Ari,
Thanks for the post. I find PayPal complicates things more than they need to, like all the things they stick under “More” in the profilel drop down. It’s always great to learn a new trick to save a little money.
If it’s not within the US, is it still free?
I don’t think personal payments are free if they involve a currency conversion. A quick search at PayPal didn’t turn up a definitive answer so please leave a comment if you find out more.