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.
Update: I remember seeing somewhere in the past on the paypal website that you can send money to friends and family for free, these people I could add as my friends if I knew how to so then you can send money as a gift. 1 following. 3 answers 3.