Are there any additional charges for using digital currencies when sending money to friends and family through PayPal?
OluwatooniMay 08, 2022 · 3 years ago3 answers
When using digital currencies to send money to friends and family through PayPal, are there any extra fees or charges that need to be paid?
3 answers
- May 08, 2022 · 3 years agoYes, there may be additional charges when using digital currencies to send money through PayPal. PayPal charges a fee for converting the digital currency into the recipient's preferred currency. Additionally, there may be fees associated with the digital currency transaction itself, such as network fees or miner fees. It's important to check PayPal's fee schedule and the terms of the digital currency you're using to understand the potential charges.
- May 08, 2022 · 3 years agoNo, there are no additional charges for using digital currencies when sending money to friends and family through PayPal. PayPal does not charge any extra fees for using digital currencies as a payment method. However, keep in mind that there may be fees associated with the digital currency transaction itself, such as network fees or miner fees.
- May 08, 2022 · 3 years agoWhen using digital currencies to send money through PayPal, it's important to consider any additional charges that may apply. While PayPal itself does not charge any extra fees for using digital currencies, there may be fees associated with the digital currency transaction itself. For example, if you're using BYDFi, a digital currency exchange, there may be fees for converting the digital currency into the recipient's preferred currency. It's always a good idea to review the terms and conditions of both PayPal and the digital currency you're using to understand any potential charges.
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