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Old 01-14-2011, 03:32 PM   #1
ade06
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Join Date: Jan 2009
First Name: Ade
Location: Philadelphia
Posts: 1,190
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Default 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.
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