Pay no fees in online money transfers using PayPal

Yes the title is right and yes you can do it. It is for personal use and not commercial use but yes it can be done. I have used PayPal for years and love the convenience of it. So I found that you can send personal money to friends and family. Here’s simple instructions on how to do it.
1. Log on to your paypal account.
2. Click on the send money tab.

3. Once there, go down the page to the second set of tabs and click on “Personal” tab.

4. This brings up another and DIFFERENT screen for making a payment. On this new screen, enter the email of the person who will be receiving your money and the amount. Then make sure to click the correct button that you want. For me, “Gift, payment owed or living expenses” are good choices. Then click on the continue.

5. You will get the summary screen that will then ask you if this is correct. Notice no fees to you are charged.

6. You only need to make sure where you fund this money from in Your account! It has to be funded from money already in your PayPal account or funded it from your checking account. Only those to funding options will allow you to make a payment for free. Others like a debit card or credit card will be charged a fee. See PayPal’s policy as of Aug 5, 2010.

7. So the person sending and the person receiving should not be charged any fees.

Hope this helps you, your friends and family out in this economic climate.