PayPal is a secure and easy way to send money from one person to another that is available to anyone with an email address. Recipients can connect their PayPal account to their bank account, transfer their balance or just make payments from their PayPal account. Your special cash gift account with PayPal is as good as having cash!
Sending money through PayPal to your cash gift account can be done easily online using a credit card, a bank account, or another PayPal account.
You do not need to have a PayPal account to set up your Cash Gift Fund. You can open one up at any time, but you must open a PayPal account once you have received your first contribution. PayPal will send you a notice to inform you that a contribution has been received and you can sign up with PayPal then.
You should open a Free Premier PayPal account. A Personal PayPal account will limit the amount of contributions you can receive and charge you a higher handling fee on each transaction. PayPal will give you a choice on the account type when you sign up. You can sign up now by clicking here.
We highly recommend that you have a Premier account on PayPal. Having a FREE Premier account will ensure you are not subjected to (or charged) any unnecessary fees or limitations on the amount of Cash Gifts you can receive. If you have a Personal Account and not a Premier Account, PayPal will limit you to 5 transactions per year and charge a higher handling fee.
Click here to sign into PayPal to check your Account Overview. If your account type says Personal, then click on Upgrade Account in the Enhance Your Account box. Then select Upgrade Now. If you have any issues or problems upgrading your PayPal account you can visit PayPal’s Help Center by clicking here.
MyRegistry.com does not charge members any fees to open or maintain a cash gift account. PayPal charges a transaction fee each time monies are transferred into your cash gift account. Depending on the type of PayPal account you have, you will be charged different rates. We highly recommend that you have a Premier account on PayPal. Having a FREE Premier account will ensure you are not subjected to (or charged) any unnecessary fees or limitations on the amount of Cash Gifts you can receive. Outside of the PayPal transaction fee, there are no additional fees to the Cash Gift Fund owner.
If you have a Premier PayPal Account, there are no limits to the amount of Cash Gift transactions you can receive. PayPal’s transaction fee for a U.S. Premier Account is 2.9% +$0.30 per transaction (i.e. $3.20 for a $100 contribution to your cash gift account).
If you have a Personal PayPal Account, PayPal limits the amount of credit card transactions you can receive to 5 in a year. PayPal’s transaction fee for a U.S. Personal Account is 4.9% +$0.30 per transaction (i.e. $5.20 for a $100 contribution to your cash gift account). For instructions on how to upgrade to a free Premier PayPal account, read How do I upgrade from a Personal to a Premier PayPal account?
To cover the costs involved in the Cash Gift service, MyRegistry.com assesses a reasonable handling fee to complete all Cash Gift Fund transactions. Once this fee has been processed, MyRegistry.com seamlessly redirects you to PayPal to complete your cash gift transaction. The MyRegistry.com handling fee will appear as a separate transaction on your monthly billing statement.
