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.
If the person making a payment does not have a PayPal account you can still request money from them. After you log in to your My PayPal page, click Send and Request. On the next page click Request Money and enter the person's email address and the amount requested. On the next page add a note if desired.