How To Send PayPal Payment Through Family and Friends

   PayPal is a common platform for processing payments for businesses, family, and friends, but combining the two may complicate things, especially for people new to receiving or making payments. 

This guide will provide you with all the information on PayPal friends and family transfers you need and a few helpful indications to keep you informed.

Paypal Friend & Family Payment Option

After opening the Paypal payment platform, you can send or request payment through the “Goods and Service” or the “Friends and Family” payment option. We will focus on the “Friends and Family” option in this case.

Among many, there are a few common uses for the Friends and Family payment method, which include paying a friend, sending money to relatives living in another country, or purchasing digital gift cards.

How To Use Paypal Friends and Family

Before using the friends and family option, you and the recipient (receiver) must have a PayPal account. To create one, you can always sign up on the Paypal platform. Below are a few simple steps required to send money to friends using PayPal:

• Create a PayPal account by signing up.

• Select “Send & Request.”
• Under the Send Money icon, input your Phone/Email/Contact Name.
• Choose the “Send to Friend option” when displayed.

• Fill out the payment amount and give a remark (if desired).
• Finally, click the “Submit Button.”

You can also use the PayPal app or PayPal.Me transfer money to friends and family members. The procedure is pretty much the same when using the platform; you only have to input the payment amount before choosing the payment to friends option.

Frequently Asked Questions

How Much Do the Service Fees Cost?

You can use the Friends and Family payment plan for free transactions anywhere in the US. However, a service fee is deducted for international transactions, especially outside the United States. 

A transaction fee of up to $4.99 (or 5% of the amount sent) is always charged for all international money transfers. 

In addition, there is little cost associated with using a debit or credit card for payment, which applies to domestic and foreign purchases. The current rate is 2.9% plus a flat charge (which varies by country but is currently $0.30 in the US).

Does Paypal Refund Suspicious Payments on the FnF Plan?

Unfortunately, Paypal does not refund payment on FnF. Paypal only makes returns of payment to the Good and Services option. However, you should be careful not to make transactions with clients or business partners other than your friends/family with the FnF option.

Business owners know about these plans due to the discounted rate. Always ensure not to fall for such bait.

How Can Ratefy Help?

Ratefy is a peer-to-peer (P2P) payment platform that makes transactions with business owners, freelancers, marketers, international students, and online entrepreneurs, serving as a bridge between receiving funds from online platforms like Paypal and prospective clients/ freelancers to their local banks at standard market rates.