General Discussion
In reply to the discussion: I never thought I would be the one to need help [View all]veness
(413 posts)Paypal does not keep a cut if $$ is sent to Friends & Family using one's Paypal balance or funds from linked bank account; there is a 3% (or so) charge if using money from a credit card.
The funds are available instantly if using Paypal, so the recipient can use them to shop online or to pay bills right away. If the recipient has a Paypal debit card he/she can withdraw $$ at most ATMs ($3.00 to $4.00 fee) or can use it to pay for something at a store and ask for cash back (usually there is no charge). The recipient can also choose to have the money transferred to a linked bank account (it typically takes 3 to 4 days for the funds to be deposited), or sent by paper check.
Gofundme keeps around 8%, and withdrawals take between 5 and 7 business days. The recipient can choose between an electronic bank transfer or paper check delivery during the withdrawal process.
Am very glad you reached out, sensitive people are helping, and you could finally rest Marrah! I hope others help out even more, so you can also cover other basic needs that come up (too soon!).
Happy birthday to your son, and congratulations to you for doing your best for him. Best wishes to both of you and to everyone who has helped or will help you in any way!