MyRegistry.com's patent-pending Cash Gift Service harnesses the power of PayPal
to bring you the cash you need. Your guests can easily send you cash gifts using
their credit card or another PayPal account.
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!
Your guests will be able to easily contribute money to your Cash Gift Fund online
using a credit card or their PayPal account.
In order to activate your Cash Gift Fund and start receiving contributions, you
must have a PayPal account. You can either open a PayPal account now at www.PayPal.com,
or after your have have opened your gift registry.
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 . Outside of the PayPal transaction fee, there are no additional
fees to the Cash Gift Fund owner.
PayPal’s transaction fees for a U.S. Account is 2.9%
+$0.30 per transaction (i.e. $3.20 for a $100 contribution to your cash gift account).
This fee will be deducted from the amount contributed on each transaction.
In order to comply with PayPal’s security provisions, contributions to your Cash
Gift Fund will be held for five business days before transferring monies to your
To activate your Cash Gift Fund, login to your account and click the link Activate
Cash Gift Fund under the Manage Registry tab. You will then receive an email to
verify your PayPal account. Once you have verified your PayPal email, your Cash
Gift Fund will display on your gift list for guests to contribute.