Paypal is a very popular service for sending and receiving money in merchants. Individuals also able to settle amount via Paypal but until now there was a processing fee that was attached to the transaction you do via Paypal but now you can send money via PayPal to friends and family in the US for free. Yup that’s true, it won’t cost you a thing to send your friends or family the money you owe them but it should be paid via your bank account or your PayPal balance.If you chose to pay the amount by credit card or debit card then you have to bare some fee. you can choose to pay the fee or have the recipient pay it. The person you send money to doesn’t even need a PayPal account, just an email address or phone number.
So, when you’re out to dinner with your friends or planning to see a movie and you’re splitting the among within friends, then its very easy to do it. just have everyone send you money via PayPal. All you need is the email address or phone number of the person you want to send money to,
To do that, just click the “personal” payment tab and select how you want to make the payment (choose bank, balance or credit or debit card), and that’s it. The bill is settled. But just remember that transaction does not attract a fee as long as you pulled the fund from your Paypal Balance or from your bank account but fund that pulled from Cards won't be free.
You can also send money internationally, but there are few small fees to send cross-border that depend on the country you’re sending to and the currency conversion.
