In case you just typed “PayPal goods and services, fees, etc”, this article will be of great help to you. You will be able to know to which extent you are protected as a seller or buyer. You will also be able to know how much Paypal charges to receive payments for all the goods and services you provide if you live in the US.
In case you are a family and friend account user too, do not worry this post is only here to help you out as well.
So,
Table of Contents
Paypal Goods And Services: What Is It?
PayPal Goods and Services is one of the 2 options available for consumers and sellers who need to trade online in a secure manner. If you are using PayPal Goods and Services, your payment is automatically secured by PayPal Purchase Protection, which provides the 2 parties with a sense of security.
You can make use of it as a merchant or a beneficiary of a charity transaction or a donation, it is also for receiving money. FYI Paypal has 2 main options through which you can send/receive money: Paypal Friend And Family and Paypal Goods and Services.
Paypal Goods And Services Protection
In case you do not receive the product you purchased or it arrives in a materially different condition than described, you may be eligible for Purchase Protection, which would pay you for the original purchase price + any cost of shipping, subject to certain limits and conditions. If you are billed for a payment that you did not make, you will be reimbursed if you notify Paypal within 60 days.
Venmo Goods And Services
There is just one method to take money on Venmo for Goods and Services, and that is either by applying for a business profile, or by using the payment tag feature to indicate that the payment is for a purchase.
Keep in mind that people who use Venmo to transfer money to one another should already know and trust one another.
But the money transfer app is now expanding its offerings in order to better meet the demands of its consumers.
Paypal Seller Protection
PayPal Seller Protection is a means of protecting your transactions from refunds, chargebacks, and the costs that come with them. This implies that if you sell anything to a buyer and they reject or reverse the transaction, you may be able to keep the whole purchase price and avoid any chargeback costs (credit or debit card transactions). Buyer complaints about goods that do not match what they requested are not covered by Paypal Seller Protection.
To qualify for Seller Protection, your PayPal account’s main address has to be in the U.S, the product must be a tangible item that one can ship, and you can only send the item to the shipping address listed on the transaction details page in your own PayPal account.
How To Use Paypal Goods And Services
- Sign in to your PayPal account
- Hit the Send & Request just at top of the front page.
- Alternatively, you may choose an existing contact from your list and have them automatically populate the recipient’s phone number, contact name, or email address.
- The payment amount can be entered here, as well as a comment if you’d like. Once you’ve done that, click Continue.
- Chose Paying For An Item Or Service right from the pop-up menu. You must decide where the money comes from.
- Once you’ve double-checked the information, click the Submit button to transfer the money.
Paypal Goods And Services Fee (August 2022 Update)
From July 28, 2022 Paypal Goods And Services fee has changed from 2.89% + 0.49 USD to 2.99% only for all USA transactions.
If you are confused about the exact percentage you will be paying based on the way you receive payment (QR code, Venmo, etc), then check out the table below:
| Type Of Payment | Percentage |
| Send or Receive Money for Goods and Services | 2.99% |
| Alternative Payment Method | 2.59% + 0.49 USD |
| PayPal Checkout Fees | 3.49% + 0.49 USD |
| Transactions with QR code and at least 10.01 USD amount | 1.90% + 0.49 USD |
| PayPal Checkout As A Guest | 3.49% + 0.49 USD |
| Venmo Payments | 3.49% + 0.49 USD |
| Transactions with QR code and at most 10.01 USD amount | 2.40% + 0.49 USD |
| To send or receive money through Paypal Goods And Services | 2.99% |
| Billing | 3.49% + 0.49 USD |
| Any Other Business Transactions | 3.49% + 0.49 USD |
| Transactions with QR codes via a third-party integrator | 2.29% + 0.09 USD |
For transactions related to charities, or donations through Paypal, make sure to learn more here
Paypal Fee To Send Money In The US
You will pay nothing to send money to friends and family in the US when you utilize only your PayPal balance or bank account, or a combination of your PayPal balance and bank account.
There is a cost to send out cash if you are making use of your debit or credit card for a personal need. The list of all charges on the Paypal Fee page.
*** As of today, the majority of Latin American countries are not able to send or receive personal payments to/from friends and family. There is a possibility of having an alternative in the future.
What If You Are Sending From Your Bank Using Paypal?
There are no costs to get cash from friends and family within the U.S. as long as they send the money from the PayPal website utilizing only their PayPal balance or their savings account, or a mix of their PayPal balance and checking account.
Check this out in case you want to Venmo with Paypal.
Item And Services For Purchase payments:
There’s no fee to utilize PayPal to purchase services or products. Nevertheless, if you receive cash for services or items (such as from offering a product on eBay), there is a fee for each transaction.
International Payment With Paypal
There is a cost when you send money to someone in another country or when you receive money from someone that is in another country. The PayPal User Agreement has particular info. You can discover the User Agreement by clicking Legal at the bottom of any PayPal page.
Note: It is currently not possible to send out or get a personal payment to and from India utilizing PayPal. If you’re sending money for an individual payment to India, we ask that you discover another way, we currently suggest Xoom.com.
Withdrawing Money From Paypal
You can withdraw money from your PayPal account to your bank account at no charge. For a summary of all charges, log into your PayPal account and hit Fees at the bottom of any PayPal page.
Does PayPal Hold Funds For Goods And Services
For small businesses, PayPal provides a quick and safe way to accept payments for their products and services. PayPal reserves the right to retain funds on your account for up to 21 days in the event of a problem with an order.
Then,
Why Does Paypal Hold Funds
To maintain the safety of the platform for both sellers and buyers, PayPal places money on hold. If you’re a new seller or in case your PayPal account has been dormant, your money may be on hold. Adding tracking details to your orders or printing a mailing label through PayPal will help make funds available in a very short time.
How Much Is Paypal Goods And Services Fee (August 2022 Update)
The price that PayPal charges for goods and services has decreased from 2.89% plus 0.49 USD to only 2.99% for all transactions made in the USA.
Check out the chart below if you are uncertain about the actual percentage that you will be required to pay based on the method that you will be using to collect payment (QR code, Venmo, etc.):
| Type Of Payment | Percentage |
| Send or Receive Money for Goods and Services | 2.99% |
| Alternative Payment Method | 2.59% + 0.49 USD |
| PayPal Checkout Fees | 3.49% + 0.49 USD |
| Transactions with QR code and at least 10.01 USD amount | 1.90% + 0.49 USD |
| PayPal Checkout As A Guest | 3.49% + 0.49 USD |
| Venmo Payments | 3.49% + 0.49 USD |
| Transactions with QR code and at most 10.01 USD amount | 2.40% + 0.49 USD |
| To send or receive money through Paypal Goods And Services | 2.99% |
| Billing | 3.49% + 0.49 USD |
| Any Other Business Transactions | 3.49% + 0.49 USD |
| Transactions with QR codes via a third-party integrator | 2.29% + 0.09 USD |
Paypal Goods And Services Protection Reddit
The recommendation on Reddit as per the below screenshots is that you should use Paypal Goods And Services when you do not know the seller from anywhere. In other words, you should avoid using Paypal Family and Friends with someone you do not know. Screenshots below
Will Paypal Cover Me If I Get Scammed
Buyer protection guarantees that you receive the goods or services for which you have paid. PayPal Buyer Protection will take care of you in the event that something turns out badly with one of your qualified transactions. You are entitled to a complete refund in the event that your order is considerably different from how it was advertised or does not reach your home.
Paypal Buyer Protection Time Limit
You have one hundred eighty days from the time your order was placed to lodge your complaints with Paypal so that they can assist you if the order does not come or does not reflect the vendor’s descriptions.
Paypal Buyer Protection Facebook Marketplace
Paypal buyer protection will protect you even if you buy from the Facebook marketplace with local pickup on the conditions that you used Paypal Good and Services. Keep in mind that Facebook will only protect you when you buy your products with checkout or shipping on Facebook.
Does Paypal Refund Money If Scammed
If you have been scammed using the Paypal Family and Friends option, there is nothing Paypal can do for you. However, if you use the Paypal Good And Services option, rest assured that you will be fully refunded by Paypal. Remember to lodge a complaint within 6 months from the day of your order.
Goods And Services Fee PayPal (August 2022 Update)
The Goods and Services fee charged by PayPal has decreased from 2.89% + 0.49 USD to 2.90% for all transactions made within the United States.
Consult the following chart if you’re uncertain of the exact proportion you’ll be responsible for paying based on the method through which you’ll be receiving money (QR code, Venmo, etc.).
| Type Of Payment | Percentage |
| Send or Receive Money for Goods and Services | 2.99% |
| Alternative Payment Method | 2.59% + 0.49 USD |
| PayPal Checkout Fees | 3.49% + 0.49 USD |
| Transactions with QR code and at least 10.01 USD amount | 1.90% + 0.49 USD |
| PayPal Checkout As A Guest | 3.49% + 0.49 USD |
| Venmo Payments | 3.49% + 0.49 USD |
| Transactions with QR code and at most 10.01 USD amount | 2.40% + 0.49 USD |
| To send or receive money through Paypal Goods And Services | 2.99% |
| Billing | 3.49% + 0.49 USD |
| Any Other Business Transactions | 3.49% + 0.49 USD |
| Transactions with QR codes via a third-party integrator | 2.29% + 0.09 USD |
Paypal Goods And Services Buyer Protection
If you do not obtain your item from a vendor or when it came you realized that it is not what you purchased, you can file a claim with PayPal’s Buyer Protection program. You will be reimbursed for the full purchase amount of the item as well as the initial shipping costs that you paid, if there are any.
Is There A Fee For PayPal Checkout?
Yes, Paypal Check out will cost both the seller and the buyer 3.49% + 0.49 USD wheither the buyer checks out as a buyer or or a guest. Keep in mind that a “guest” means you are making a purchase in an incognito browser.
Can You Get Scammed On PayPal Using Goods And Services
No, you cannot get scammed on Paypal Using Goods and services because your seller must have submitted either his / her SSN for verification purposes or a Tax Identification Number if he /she makes more than $20,000 or 200 transactions a year.
Paypal Goods And Services For Tickets
Paypal clearly stated on its website that Paypal Goods And Services cover purchases of tangible items, and also tickets and vacations services. It added that its protection will apply to your tickets purchase at no additional cost to you. Learn more
Paypal Goods And Services Shipping
Paypal Seller Protection protects physical products sold and dispatched with evidence of delivery from the US to buyers all over the world.
Paypal Goods And Services Invoice
With PayPal’s online invoice templates, you can create professional looking paypal goods and services invoice quickly so that your buyers can pay in justa click.