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Questions About Paypal and T-Mobile

Erik Folgate

Please forgive me, but I am about to use you all for my own gain of knowledge. Actually, I do this every time I read your comments, because I get a lot of different perspectives from you all about various consumer and finance issues. Anyway, a couple of questions have risen today about paypal and t-mobile. I’m having a hard time finding the answers on Google, so I thought that I would ask you all.

1. When receiving a payment from someone through Paypal, does paypal still charge you a fee? The reason that I ask this is that I do some writing work online here and there, and I am usually paid through Paypal. It used to be that Paypal only charged a fee for receiving a payment from someone that paid you with a credit card. Receiving a payment through a bank account or from someone else’s paypal account did not yield a fee. Then, I started to notice that I was getting charged for fees even if someone paid with paypal funds. Now, it appears that I am not getting charged a fee. What gives? Does anyone know what the fee structure for paypal is now?

2. I read an article on Gizmodo from late 2007 that said that T-mobile was going to start prorating their early termination fees based on the amount of the contract you have used up. For instance, if the fee is $200 for a 2 year contract and you cancel the contract at 1 year, then you’d only have to pay $100. Does anyone know if this is true? I guess that I could call T-mobile and ask, but I don’t want to hear them give me the whole sales pitch about why I should stay. I want to switch to AT&T because they have much better phone choices.

Erik Folgate
Erik and his wife, Lindzee, live in Orlando, Florida with a baby boy on the way. Erik works as an account manager for a marketing company, and considers counseling friends, family and the readers of Money Crashers his personal ministry to others. Erik became passionate about personal finance and helping others make wise financial decisions after racking up over $20k in credit card and student loan debt within the first two years of college.

Learn more - including co-founders Andrew Schrage and Gyutae Park.

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Comments

  • steampunk

    Happened across this blog today, and thought I’d provide a quick answer to one of your questions – after a quick search, you can view PayPal’s current policies regarding fees etc. here: https://www.paypal.com/us/cgi-bin/webscr?cmd=p/acc/policy

    It’s kind of lengthy, or else I’d post the tables here :)

    As for T-Mobile, I like the sound of prorating the termination fees – I think all carriers should do that. I happen to be with AT&T, and have been for the last 8 years, so I have to agree the switch will be an improvement (IMHO).

    Take it easy…

  • http://madsaver.com Mac

    For #1, eBay policies have changed in the last year and the link provided no longer explains this. Currently, you can send/receive transactions for free if & only if the payer uses money from their paypal balance or checking account AND chooses Personal->Gift as the type of payment.

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