PayPal.me? A guide to what you should know

With PayPal Me you can send a personalized radio link to friends, family members, or occupation customers to request a requital directly to your PayPal account.¹ It can be a handy manner to share costs with local friends, for case — but you ’ ll find that PayPal imposes a charge for many transactions .
If you ’ ra making payments to person who has a PayPal account outside of the US, then the external PayPal fees can be specially steep. And it can get even more painful when you add in overseas business transactions with PayPal. In these cases, you ’ re probably better off if you choose an option to PayPal entirely — such as Wise. More on that later .
Open a free Wise account
here ’ s all you need to know about using PayPal.Me :

What is PayPal.Me and how does PayPal Me work?

PayPal Me launched in the US a few years back, and allows users with a PayPal score to create a customize link to send to friends, family, clients or customers, to request a payment.¹
It can be used both personally, and for your business. You might use this if you ’ re eating out with friends and want to pay back the person who covered the confirmation, for exercise. Or, if you ’ re an entrepreneur or freelancer, you can use PayPal.Me to ask customers and clients to make a requital via PayPal.¹
You precisely create your personalized connection and send it to whoever you want. You can either include a dollar amount you want to be paid, or leave it open — which could help, say if you ’ ra collecting voluntary contributions towards a give and everyone can give what they wish.²
There are costs involved in using PayPal Me for business, though. And you may besides run into fees if you use it personally, particularly if there ’ s any currency conversion or international requital involved. More on that later .

What is the difference between PayPal and PayPal me?

The two services are n’t very different — as PayPal.me is a service created by PayPal to help its customers get paid faster and easier. indeed, with your PayPal.me link, you can receive money from payees rather of using your electronic mail address or call number you registered on PayPal .

Is there seller protection when you use PayPal.Me? Is it safe?

PayPal offers both buyer and seller protections — however precisely how these apply depend a distribute on the transaction in question. You can ’ metric ton get seller auspices on digital items for example, so if you ’ re a vane developer, or sell any form of digital product, then you wouldn ’ thymine be eligible for this cover.⁸
To see whether your transactions are covered, you ’ ll motivation to check out the small print on the PayPal Me FAQ, and PayPal user agreement.⁸

How do you create a PayPal Me link?

You ’ ll need a PayPal account to create your PayPal Me associate. If you don ’ t have one already, you can open a regular PayPal explanation and then take the come steps on your background or using the PayPal mobile app :

  1. Go to the PayPal.Me webpage and click Create Your Payal.Me Link.
  2. Select a username — this is the name which will appear at the end of the link you share to get paid. If you can’t get the name you want because someone else has already signed up for it, you’ll need to choose a new one or select one of the ones PayPal automatically suggests.⁷
  3. Click Grab this link — and it’s all yours.
  4. You can now follow the steps to personalize and then activate the link. You can add a profile picture and change the colours of the background for example, to that your friends or customers can easily see that it’s your link when they come to pay.

Can you change a PayPal.Me link?

At portray it ’ s not possible to change your PayPal Me username, so choose wisely. You can not delete your link either once it ’ south created, although you can hide it from public view if you want to stop using it.²
PayPal Me can be a handy way to pay friends or kin members for personal and share expenses. however, if you ’ re making a payment — even domestically in the US — with a credit or debit card, there are fees to pay. And if the payment is international, or made for clientele purposes these charges can mount up very quickly .

If you’re looking for international money transfers without the costs involved with PayPal, you could be significantly better off if you use a specialist like Wise. Check out Wise today, and see what you could save.

Get a Wise account in minutes

How do I pay someone through PayPal.me?

It ’ s a fairly childlike process. All you have to do is follow these steps :

  1. Open the PayPal.me link you received from the payee
  2. Select the amount of money you’d like to send.
  3. Press ‘Next’ to the payee and choose how you’d prefer to pay.
  4. Make sure to tick the “Paying for a good or a service?” if you are paying for a product or service.
  5. Choose how you’d prefer to pay.
  6. Press “Send Now”. And that’s it!

Do you need PayPal me to receive money?

While setting up a PayPal.me liaison decidedly more commodious as it can save some time for you, it ’ s not necessary to create one. To receive money with PayPal, equitable give the payee your e-mail address or call count you registered with on PayPal .

PayPal Me fees

It ’ south very important to know when you set up your PayPal Me link that the terms and conditions — and the costs — will vary depending on whether you ’ re using the link for personal or clientele use. If you try to avoid the business fees by classifying payments as personal when they ’ re actually for goods and services, then PayPal can hush charge you the allow fees afterwards.³
here ’ s how PayPal explain this in their terms and conditions. The use of capitals by PayPal shows that their lawyers likely thought this particular point was worth emphasizing :

YOU MAY NOT USE A PERSONAL PPM LINK TO RECEIVE PAYMENTS FOR COMMERCIAL PURPOSES, NOR MAY YOU USE A COMMERCIAL PPM LINK FOR PERSONAL TRANSACTIONS.³

late, the terms cover the consequences of breaking the rules :

If PayPal determines, in its exclusive discretion, that you have received payments for goods and services on a Personal PPM Link, PayPal may retroactively charge you the appropriate fees and prospectively reclassify the PPM Link as Commercial.³

indeed, you ’ ll be charged clientele manipulation fees if PayPal believes you ’ ra taking business payments under the guise of personal ones. It ’ mho besides deserving noting that if you have a PayPal Business Account, the assumption is that the PayPal Me associate associated with that explanation will be for business purposes, and whenever you send a connection and request money, it ’ ll be identified as commercial, and charged as such.³

Domestic PayPal.Me fees (friends and family)

To send money to friends and kin in the US or Canada, you ’ ll pay the follow :

PayPal Me Domestic fees⁴ Cost for friends and family
Paying by balance or linked bank account No fee
Paying by credit or debit card 2.9% of the total transaction amount + a fixed fee based on the currency being used

You can see where the repair fees could apply by following the yoke in the source section.⁴

Domestic PayPal.Me fees (goods and services)

If you have a US PayPal account and are being paid by a customer who besides has a US PayPal account, then the fee is :

2.89 % of the transaction amount + a fixed fee based on the currency⁵

International PayPal.Me fees (friends and family)

To send money to friends and family outside of the US or Canada, you ’ ll pay the follow :

PayPal Me International fees⁴ Cost for friends and family
Fixed fee⁵ Based on the currency
Paying by balance or linked bank account 5% (A minimum fee of 0.99 USD and a maximum fee of 4.99 USD)
Paying by credit or debit card (partially or fully funded) 2.9% + 5% (A minimum fee of 0.99 USD and a maximum fee of 4.99 USD)
Currency conversion fee (added on top of the base exchange rate)⁶ 4 %, or such other sum if sending money to friends and kin and they receive a different currentness 3 %, or such other sum in case of all other transactions

About the currency conversion fee. PayPal adds this tip to the substitution rate they use when you make an international payment. This means that you won ’ thyroxine get the actual exchange rate you see on Google .
alternatively, PayPal takes an extra profit by adding a share tear on top of the rate used. They set a Base Exchange Rate⁷ for the relevant currency, and than add a conversion fee on top of that .
If you want to transfer money to your friends and class abroad, you could be better off if you choose a specialist in international money transfers, like Wise. You ’ ll be able to make a transfer using the actual mid-market commute rate, and with only a small, upfront fee to pay .
This could save you money — and the crystalline fee structure and clean exchange rate means there aren ’ t hidden fees to worry about, either. And if you want to send money as a business you won ’ thyroxine be charged a higher fees. You ’ ll pay the like low, transparent fee .
Save money with Wise

International PayPal.Me fees (goods and services)

If you ’ re being paid by a customer or paying an international invoice of person who has a PayPal account based outside of the US, the fees will be higher .

PayPal Me International fees Cost for goods and services
Fixed fee⁵ Based on the currency
Paying by balance or linked bank account⁴ 5% (A minimum fee of 0.99 USD and a maximum fee of 4.99 USD)
Paying by credit or debit card (partially or fully funded)⁴ 2.9% + 5% (A minimum fee of 0.99 USD and a maximum fee of 4.99 USD)
Currency conversion fee (added on top of the base exchange rate)⁶ 4 %, or such other sum if the goods or services or listed in another currentness 3 %, or such early sum in case of all other transactions

These costs mount up — cursorily. If you ’ re a business owner, freelancer, or entrepreneur and deal with clients who are based afield, you could be much better off if you choose an option payment method acting to PayPal .
wise charges the lapp for external transfers, whether they ’ re made for clientele or personal purposes. That can save your business a package. In fact, independent research found that you could save up to 9x on the like transaction if you use wise to take payments for your business, rather than PayPal .

Need to send or receive money in multiple currencies or countries? Wise could help

Banks much charge brawny fees for foreign and multi-currency accounts. And if you ’ ve already sample managing multiple accounts in multiple countries, you know it ’ s rarely simple .
Wise could help. With Wise, it ’ s barren to open a borderless multi-currency account with no monthly fees. There, you can manage and send dozens of different currencies all from the lapp history. All around the world. likely, for a set cheaper than your bank. You can besides get the Wise multi-currency debit card, which you can use to pay for goods and services all over the universe .
Learn more about Wise

Sources :
All sources checked on 13 June 2018
This publication is provided for cosmopolitan information purposes alone and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the capacity in this issue. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Prior results do not guarantee a similar result. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, accomplished or up to date .

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