Hi I've been lending my brother money using friends and family on PayPal around the last fiveyears Can someone tell me how I can get the total as he wants to start paying me back But stupidity neither of us are sure of total amount? Is there away I can trace just the payments to him? Thanks x
You say " using friends and family on PayPal " Do you mean the individual loans are scattered around, using other people's accounts? If so, I don't know how you did it, but tracing the sums and adding them up would be a nightmare. Does he have a Paypal account that family and friends have helped you put money into, or have you sent money to these people, who then handed money to your brother? I don't understand the mechanism.
There are two options with PayPal when sending money to someone:
1. Friends and family - no paypal fee 2. Business transaction: Buying item or service - charged paypal fee 2.9% and this comes out of what you send.
Difference is that Paypal will help with refunds if there's a problem with what you have bought and the person/company won't give a refund or replacement. The fee covers this.
They won't help if anything when you opt to tick the "friends and family" box.
I should imagine that's why DeeDum used that option. Her brother wouldn't have got all she was lending him with the other option. e.g. Lend £1000 as a business transaction and the receiver will receive £971. Same applies when he pays her back. He'll have to tick the 'friends and family' option.