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.
Personal Transactions. If you use PayPal to send money that comes from your PayPal balance or a bank account to friends or family, PayPal doesn't charge anything to you or the person to whom you send money. However, if you send money through PayPal that you're drawing from a debit or credit card, then PayPal charges 2.9 percent of the amount you send.