Haygal "Gift" loop hole closed

ade06 · 01-14-2011, 03:32 PM

As an FYI, many of us have used the "gift" option when sending funds to people to avoid the recipient paying haygal's fees. It was a nice little loop hole to lower transaction costs. Well this practice as we know it appears to be over. When you now elect to send money via the "gift" option, at checkout haygal will give you the option to pay the recipient's fees or let the recipient pay the fees. For example if you want to send $30 to someone via gift and don't want them to pay haygal fees, the total $30 gift will become $31.17 to you. Or you can send $31.17 via gift (or noted as a purchase) and the recipient will pay the $1.17 transaction fee. Either way haygal will get their fee. I wonder how many millions of loss revenue it took for them to figure out that loophole.

Brutus2600 · 01-14-2011, 03:37 PM

I think that it's been that way for awhile. For as far back as I can remember (at least the last 8 months) when sending money via gift option it asked if I wanted to pay the fees or let the recipient pay the fees.

I may be wrong though

jitzy · 01-14-2011, 03:37 PM

Didn't the sender always pay the fee and the only one that got no fee's was the recipient.

ade06 · 01-14-2011, 03:40 PM

Quote:

Originally Posted by jitzy

Didn't the sender always pay the fee and the only one that got no fee's was the recipient.

I've never had to pay the fee when sending via gift before today?

jitzy · 01-14-2011, 03:42 PM

Quote:

Originally Posted by ade06

I've never had to pay the fee when sending via gift before today?

Are you sure about that? You may wanna go back and look cause I've never not paid the fee.

shvictor · 01-14-2011, 06:29 PM

Quote:

Originally Posted by jitzy

Are you sure about that? You may wanna go back and look cause I've never not paid the fee.

I've never paid either

Ogre · 01-14-2011, 03:38 PM

I just sent money today and didnt get tagged. I think if you send it to someone that has a business email known my them it gets tagged.

pektel · 01-14-2011, 03:41 PM

Did you pay using a card or with your bank account?

ade06 · 01-14-2011, 03:42 PM

Quote:

Originally Posted by pektel

Did you pay using a card or with your bank account?

CC, but this transaction was no different then my prior gifts.

pektel · 01-14-2011, 03:49 PM

Huh, weird. I know it tries to get a fee from me when using a card. So I always just use my bank account.

Emjaysmash · 01-14-2011, 03:52 PM

I've never paid a fee.

McSmokey · 01-14-2011, 03:58 PM

I just did a transaction with no fee through gift. I know if I use a CC it charges me a fee but those are the only times I have had a fee.

ade06 · 01-14-2011, 03:58 PM

Quote:

Originally Posted by McSmokey

I just did a transaction with no fee through gift. I know if I use a CC it charges me a fee but those are the only times I have had a fee.

Interesting.

Ogre · 01-14-2011, 04:00 PM

It sounds like a CC thing. Perhaps its PP way of recouping the CC fees.

ade06 · 01-14-2011, 04:02 PM

Quote:

Originally Posted by Ogre3239

It sounds like a CC thing. Perhaps its PP way of recouping the CC fees.

Next time I send money I'll send it from my bank account to see if I charged the fee.

Ogre · 01-14-2011, 04:07 PM

Quote:

Originally Posted by ade06

Next time I send money I'll send it from my bank account to see if I charged the fee.

I just did and was not charged.

hotreds · 01-14-2011, 04:06 PM

Quote:

Originally Posted by Ogre3239

It sounds like a CC thing. Perhaps its PP way of recouping the CC fees.

I think that is the case.

ade06 · 01-14-2011, 04:10 PM

Thanks for the clarification. You have to know the system to beat it.

jitzy · 01-14-2011, 06:47 PM

I think I stand corrected I just went and looked thru my PP and never got hit with fee's either

Brutus2600 · 01-14-2011, 07:04 PM

Yeah, I always use a CC...so that might be the case.

01-14-2011, 03:32 PM	#1
ade06 Have My Own Room Join Date: Jan 2009 First Name: Ade Location: Philadelphia Posts: 1,190 Trading: (24)	Haygal "Gift" loop hole closed As an FYI, many of us have used the "gift" option when sending funds to people to avoid the recipient paying haygal's fees. It was a nice little loop hole to lower transaction costs. Well this practice as we know it appears to be over. When you now elect to send money via the "gift" option, at checkout haygal will give you the option to pay the recipient's fees or let the recipient pay the fees. For example if you want to send $30 to someone via gift and don't want them to pay haygal fees, the total $30 gift will become $31.17 to you. Or you can send $31.17 via gift (or noted as a purchase) and the recipient will pay the $1.17 transaction fee. Either way haygal will get their fee. I wonder how many millions of loss revenue it took for them to figure out that loophole.

01-14-2011, 03:37 PM	#2
Brutus2600 Your resident lancerHO Join Date: Apr 2010 First Name: Brian Location: Fort Worth, TX Posts: 2,063 Trading: (46)	Re: Haygal "Gift" loop hole closed I think that it's been that way for awhile. For as far back as I can remember (at least the last 8 months) when sending money via gift option it asked if I wanted to pay the fees or let the recipient pay the fees. I may be wrong though

01-14-2011, 03:37 PM	#3
jitzy Illusione Whore Join Date: Oct 2008 Location: Windermere Fl Posts: 306 Trading: (17)	Re: Haygal "Gift" loop hole closed Didn't the sender always pay the fee and the only one that got no fee's was the recipient. __________________

01-14-2011, 03:38 PM	#7
Ogre **CENSORED** Join Date: Apr 2010 First Name: Larry Location: Central Florida Posts: 12,068 Trading: (46)	Re: Haygal "Gift" loop hole closed I just sent money today and didnt get tagged. I think if you send it to someone that has a business email known my them it gets tagged. __________________

01-14-2011, 03:41 PM	#8
pektel I'm nuts for the place Join Date: Jul 2010 First Name: Peter Location: Grand Rapids, MN Posts: 4,320 Trading: (28)	Re: Haygal "Gift" loop hole closed Did you pay using a card or with your bank account? __________________ The problem is not the problem. The problem is your ATTITUDE about the problem.

01-14-2011, 03:49 PM	#10
pektel I'm nuts for the place Join Date: Jul 2010 First Name: Peter Location: Grand Rapids, MN Posts: 4,320 Trading: (28)	Re: Haygal "Gift" loop hole closed Huh, weird. I know it tries to get a fee from me when using a card. So I always just use my bank account. __________________ The problem is not the problem. The problem is your ATTITUDE about the problem.

01-14-2011, 03:52 PM	#11
Emjaysmash The Hebrew Hammer Join Date: Oct 2008 First Name: M.J. Location: Milwaukee, WI Posts: 7,025 Trading: (76)	Re: Haygal "Gift" loop hole closed I've never paid a fee. __________________

01-14-2011, 03:58 PM	#12
McSmokey Feeling at Home Join Date: Aug 2009 First Name: Justin Location: Tuscaloosa, AL Posts: 948 Trading: (30)	Re: Haygal "Gift" loop hole closed I just did a transaction with no fee through gift. I know if I use a CC it charges me a fee but those are the only times I have had a fee. __________________ "Although personally I am quite content with existing explosives, I feel we must not stand in the path of improvement." Winston Churchill

01-14-2011, 04:00 PM	#14
Ogre **CENSORED** Join Date: Apr 2010 First Name: Larry Location: Central Florida Posts: 12,068 Trading: (46)	Re: Haygal "Gift" loop hole closed It sounds like a CC thing. Perhaps its PP way of recouping the CC fees. __________________

01-14-2011, 04:10 PM	#18
ade06 Have My Own Room Join Date: Jan 2009 First Name: Ade Location: Philadelphia Posts: 1,190 Trading: (24)	Re: Haygal "Gift" loop hole closed Thanks for the clarification. You have to know the system to beat it.

01-14-2011, 06:47 PM	#19
jitzy Illusione Whore Join Date: Oct 2008 Location: Windermere Fl Posts: 306 Trading: (17)	Re: Haygal "Gift" loop hole closed I think I stand corrected I just went and looked thru my PP and never got hit with fee's either __________________

01-14-2011, 07:04 PM	#20
Brutus2600 Your resident lancerHO Join Date: Apr 2010 First Name: Brian Location: Fort Worth, TX Posts: 2,063 Trading: (46)	Re: Haygal "Gift" loop hole closed Yeah, I always use a CC...so that might be the case.