True gifts. This rule applies only to true gifts. You canât avoid paying income tax by calling something a gift when it isnât. For example, a âgiftâ you receive in exchange for services or some other consideration isnât a gift. Income after gift.
Actually, they can. PayPal will put your account into a negative balance and any funds you add or receive will first go towards that negative amount. If you keep a negative balance for over 30 days, they will send you to collections and close your account.
PayPal balance: If someone sent you money through PayPal or youâve sold something on eBay, you have a balance in your PayPal account. This balance is first applied to any purchases youâve made. Then, when your account has no balance, you can choose to pay by credit card.