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.
Best Answer: Paypal is free to send money. Money you receive is kept in the account until you use it or withdraw it. It is free to withdraw your money to your bank account, but you have to pay a fee if you want them to send you a check. They now also have online debit.