Common use of Receiving Payments Clause in Contracts

Receiving Payments. If a friend or family member sends funds to you, the funds will appear in your PayPal balance. To receive funds in a currency your account is not currently configured to accept, it may be necessary to create a balance in that currency or convert the funds into another currency. Certain currencies can only be received by converting the balance into another currency that PayPal allows you to hold. If the balance is converted, PayPal's transaction exchange rate (including our currency conversion fee) will be used. Fees for Sending payments to Friends and Family The fees applicable to sending funds can be found in our Sending funds table and will be disclosed to you in advance each time you initiate a transaction to send funds to a friend or family member. If you convert your PayPal balance from one currency to another, PayPal's transaction exchange rate (including our currency conversion fee) will be used. If you send funds to a friend or family member from a third party (non-PayPal) website or by using a third party's product or service, then the third party will determine if the sender or recipient pays the fee. This will be disclosed to you by the third party before the payment is initiated.