I have always only accepted checks/cash for daycare payments, but I am looking into possibly offering daycare parents the option to pay me through Paypal. I was just looking at the Paypal website and I see that there is a fee of 2.9% plus $0.30 USD of the amount you receive if people pay you through the "Pay for goods or services" link, but it is free if they use the "Send money to friends and family" link. Obviously I would rather not pay any fees and I don't want to pass on any fees to the dayare parents for using Paypal.
My question is, for anyone here who accepts Paypal payments, can parents pay me using the "Send money to friends and family" link so that I don't incur any fees? I don't know if Paypal has a limit for how much money you can receive using this option or if I will run into any issues with Paypal if parents use this option?
Thanks in advance!
My question is, for anyone here who accepts Paypal payments, can parents pay me using the "Send money to friends and family" link so that I don't incur any fees? I don't know if Paypal has a limit for how much money you can receive using this option or if I will run into any issues with Paypal if parents use this option?
Thanks in advance!
Comment