The monetary kind! This is a short post, after a tiny bit of experimenting (£1 worth), I am now able to accept hire fees (still the princely sum of £5) and deposits (also unchanged at £40) via PayPal.
The caveat is that it be sent using the ‘friends and family’ option, so that neither party incurs fees. I will then return it in the same fashion once the sling has been returned, as per our Terms and Conditions.
So, if you are at a slingmeet, have forgotten your cheque book and happen to have PayPal’s whizzy app on your phone, Bob’s your uncle!
Isn’t the future marvellous !?
Someone has kindly pointed out that there is a lack of Buyer Protection with the PayPal Friends and Family option. I suggest it for refundable deposits because the refund window for fee charging transactions is one month. If a slingmeet is slightly outside that PayPal’s month, PayPal retain the fees (which may have been paid by either the sender or receiver), as I run the library at the lowest rate possible, I cannot afford to pay these fees.
Below is a quote from PayPal on their community page, to clarify: