PayPal Gift payment offers no protection at all. Nor are there any PayPal charges either to Buyer or Seller, associated with such transactions. This service is effectively same as a Bank Transfer, for those who have/use bank accounts. In recent years new banking laws have come into effect which promotes almost instant (same-day) transfers through automated banking systems. Prior to this, Bank Transfers would take 3-5 working days to clear.
A standard, basic PayPal payment attracts a charge of 3.4% + 20p paid for by the Seller, ie. the one receiving the payment. What this covers, in terms of protection to buyer, is non-delivery of goods, nothing more.
But the more pressing question has to do with dealing with PayPal in the first place after you have dealt with a buyer or seller. You have to be wary.
Corporate Scams make scammers look like child's play.
PayPal Gift payment offers no protection at all. Nor are there any PayPal charges either to Buyer or Seller, associated with such transactions. This service is effectively same as a Bank Transfer, for those who have/use bank accounts. In recent years new banking laws have come into effect which promotes almost instant (same-day) transfers through automated banking systems. Prior to this, Bank Transfers would take 3-5 working days to clear.
A standard, basic PayPal payment attracts a charge of 3.4% + 20p paid for by the Seller, ie. the one receiving the payment. What this covers, in terms of protection to buyer, is non-delivery of goods, nothing more.
But the more pressing question has to do with dealing with PayPal in the first place after you have dealt with a buyer or seller. You have to be wary.
Corporate Scams make scammers look like child's play.