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.
Using PayPal: Sending Funds. Though PayPal rose to stardom via eBay, one of the keys to PayPal's success has been its ability to expand beyond that market. You can use it to send money to a friend, donate to charity and buy items online.In order to send money using your PayPal account, you'll need one of two things: 1  Funds already transferred to your PayPal account before the transaction.f you click to Send Money from the PayPal Web site, you have the following two tabs of options to indicate whether you're buying something or just sending money: 1  Purchase tab with the options of Goods, Services or eBay items. 2  Personal tab with the options of Gift, Payment owed, Cash advance, Living expense, Other.