I have never even had any types of jobs in finance, but even I know that what is being told to a certain group of bloggers is complete and utter crap.
Ok, listen up folks, PayPal, has NO minimum payment rules.
None.
They have a maximum payment rule, you can't send anyone more than $10,000, but there is no rule on how little you can send someone.
This applies to both individual persons and companies that use PayPal to pay employees or "independent contractors".
It doesn't matter if they are using mass pay or paying people individually, which is what is happening in this case, there is NO minimum payment amount that can be sent.
They DO NOT attach any fees AT ALL to the sender, not a single penny.
They do, however, take a fee from the recipient of the funds, a small percentage, and it doesn't matter if the sender sends you $1.00 or $100.00, PayPal will take that small percentage of fees from the recipient, NOT the sender.
The only time they do not take any fees is when the sender uses mass pay, but again, that's not the case with this particular issue.
You have been told that PayPal has forced a company to raise their minimum payment to $50.00.
You have been lied to.
PayPal has NO minimum payment amounts.
NONE.
Quit being blind little sheep and start questioning what you're being told.
====================
Ok, listen up folks, PayPal, has NO minimum payment rules.
None.
They have a maximum payment rule, you can't send anyone more than $10,000, but there is no rule on how little you can send someone.
This applies to both individual persons and companies that use PayPal to pay employees or "independent contractors".
It doesn't matter if they are using mass pay or paying people individually, which is what is happening in this case, there is NO minimum payment amount that can be sent.
They DO NOT attach any fees AT ALL to the sender, not a single penny.
They do, however, take a fee from the recipient of the funds, a small percentage, and it doesn't matter if the sender sends you $1.00 or $100.00, PayPal will take that small percentage of fees from the recipient, NOT the sender.
The only time they do not take any fees is when the sender uses mass pay, but again, that's not the case with this particular issue.
You have been told that PayPal has forced a company to raise their minimum payment to $50.00.
You have been lied to.
PayPal has NO minimum payment amounts.
NONE.
Quit being blind little sheep and start questioning what you're being told.
Somebody is paying Paypals fees and if it's not us it's the company who is paying us (mass pay or not).
I wasn't clear on the PPP forums about that but I've had my own health issues.