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From: Trust No One� on 6 Aug 2010 05:17
A general note that you should exercise caution in sending PayPal payments
(for Ebay transactions and in general) as a "gift", unless you absolutely
trust the seller.

Firstly the PayPal fees are by default charged to the sender of the "gift" ,
though this can be changed.

The more important thing is that you have absolutely no comeback through
PayPal if things go wrong with the transaction.

This does make perfect sense after all as you have declared to PayPal that
the money was sent as a "gift" :)

Not sure whether there are tax implications, if "gifts" exceed a certain
amount?

Brgds,

--
Peter <X-Files fan>


From: petrolcan on 6 Aug 2010 05:59
In article <8c228uFk5hU1(a)mid.individual.net>, Trust No One® says...
>
> A general note that you should exercise caution in sending PayPal payments
> (for Ebay transactions and in general) as a "gift", unless you absolutely
> trust the seller.

Well, yeah.

> Firstly the PayPal fees are by default charged to the sender of the "gift" ,
> though this can be changed.

No fees charged if the funding comes from paypal balance.

> The more important thing is that you have absolutely no comeback through
> PayPal if things go wrong with the transaction.

*ding*

> This does make perfect sense after all as you have declared to PayPal that
> the money was sent as a "gift" :)
>
> Not sure whether there are tax implications, if "gifts" exceed a certain
> amount?

If an account receives too many gifts over a short period of time paypal will
think you are a charity. I know someone who had to jump through many hoops to
regain access to their account due to lots of gift payments in a week.


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