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PayPal as a way to collect league fees?

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PayPal as a way to collect league fees?

Postby clubhouseotter20 » Sat Jan 15, 2011 6:47 pm

Hi all,

I am creating a new money league this year, and have considered using www.leaguesafe.com to collect fees and distribute payouts. But before I do I'd like to know the pros and cons to using PayPal. For example, are there any fees for receiving money or sending money? Any restrictions? I've spent a lot of time on PayPal's help site but most of it is just legal gibberish to me. I'm just looking for a simple explanation in plain English, so any help from experienced users would be greatly appreciated.

Thanks!
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Re: PayPal as a way to collect league fees?

Postby fast dogs » Sat Jan 15, 2011 6:54 pm

you get to make a couple free transactions but after that if you aren't a premium member or whatever its called they charge you a small fee per transaction. We say if you are paying by paypal send $105 for a $100 league payment
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Re: PayPal as a way to collect league fees?

Postby bigmck » Sun Jan 16, 2011 12:19 am

Have your members send the amount on Paypal under "Personal" and "Gift". There will be no charge and you will get the full amount of what they send.
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Re: PayPal as a way to collect league fees?

Postby clubhouseotter20 » Tue Jan 18, 2011 6:14 am

Thanks guys, I appreciate the help. Any other "tricks" I should know regarding the use of PayPal and how to avoid their fees?
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Re: PayPal as a way to collect league fees?

Postby machine3 » Fri Jan 28, 2011 8:31 pm

Bigmck is right. Send as "gift"- no fees. I might consider doing this as well.
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Re: PayPal as a way to collect league fees?

Postby machine3 » Fri Jan 28, 2011 8:32 pm

And you would have proof that you paid.
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Re: PayPal as a way to collect league fees?

Postby bigmck » Fri Jan 28, 2011 9:01 pm

Hey Machinge 3 == How did you get that picture of my wife???
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Re: PayPal as a way to collect league fees?

Postby ricogarion » Mon Jan 31, 2011 8:20 am

Really good idea for those leagues where owners are not all located in the same place.
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Re: PayPal as a way to collect league fees?

Postby Zandar » Tue Feb 01, 2011 9:18 pm

I also run all of my fantasy leagues' money through paypal. There aren't any fees for sending personal gifts.
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