True gifts. This rule applies only to true gifts. You canât avoid paying income tax by calling something a gift when it isnât. For example, a âgiftâ you receive in exchange for services or some other consideration isnât a gift. Income after gift.
Actually, they can. PayPal will put your account into a negative balance and any funds you add or receive will first go towards that negative amount. If you keep a negative balance for over 30 days, they will send you to collections and close your account.
Transferring money from PayPal to bank account. My brother sent me some cash via his Paypal to mine, no problem it showed up, I hit withdraw in order to send it to my bank account. Took around 24 hours to finally complete the transfer but it hasn't shown up in my account yet.