Paypal offers the PayPal protection program for protection or dispute assistance in case something goes wrong with the transaction. Even if you are not banned after they complete their investigation, several months or even years can pass before reaching a verdict. If you're suspected of violating the terms of service for restricted activities, you will be locked out of your account and unable to access your funds for the length of the investigation. PayPal will lock your account as they go through and complete their investigation. They may lock or even ban your account, if they suspect you are accepting money for goods and services as a seller via the “friends and family” option. The PayPal Enforcement Division team doesn't play when it comes to following the rules. I know there are times that you feel like, what if I do it just this one time? Don't do it. Like transaction fees when accepting payments from customers for goods and services you've provided. Risks of Violating PayPal's User AgreementĪs a seller or services provider, you are representing yourself as a business, so you might as well accept that there are some things you will need to pay for. You must not use the “send money to a friend or family member” feature in your PayPal account when you are paying for goods or services. Sending money using PayPal friends and family for business purchases is totally against their User Agreement (See "Restricted Activities"- section Af): They may even offer you a discount for doing so. Sometimes sellers will request that you make a purchase using PayPal friends and family rather than the using the Goods and Services option. That's why you should only use that option with actual PayPal friends and/or family members. Should you Request Payment Using PayPal's “Friends and Family” Option?Ĭan you get scammed using the friends and family option? Yes indeed. They charge a fee of 2.89% + a fixed fee and a currency conversion spread based on the currency. Sales of ‘Goods and Services’ and online purchases are considered to be a commercial transaction by PayPal. Services are just that, services that are provided by someone else like a Tax professional. Goods are physical items or products that you buy from someone else. When you click the Buy Now button on a website or use a checkout system, PayPal will process the payment as Goods and Services. If you send money using international transactions, you may be charged a fee equal to 5% of the payment amount (up to $4.99 USD). If you're sending money using your PayPal balance or your bank account, there is no fee at all. If you're sending money using a debit or credit card, you will be charged a Paypal Friends and Family fee of 2.9%. Just click the Send Money button and choose Paypal Friends and Family as the payment option. PayPal provides an added layer of protection for your financial information because you don’t expose bank details or card numbers. PayPal's purchase protection policy provides for full refunds if an order doesn't come to you, is substantially different from the item ordered, or wasn't purchased from you. A number of security measures are in place for monitoring fraud. Payments made via PayPal and are encrypted through an SSL-based encryption scheme. When you receive a payment after using the “request money” feature in your business PayPal account, it's considered a “commercial transaction.” Your purchase could be covered under the PayPal Seller Protection for Merchants. The person receiving your payment request and initiates the payment on their end, it hits your account immediately. All you need to do is hit the Request Money button. PayPal offers an online payment service that makes it very easy for someone to pay you either from their bank account or using their PayPal balance.
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