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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 WaCougMBS » Sun Jan 30, 2011 7:17 am

Man, I never thought of this! Forced my football league to move over to PayPal for league fees and had the same intention with baseball, but everyone was getting mad that they had to pay more to cover the fees. This should help eliminate that problem B-)
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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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