cancel
Showing results for 
Search instead for 
Did you mean: 

Do you have paypal buyer credit, want the mastercard, you already got it!

Member

Do you have paypal buyer credit, want the mastercard, you already got it!

If you are like me and didn't get approved for the paypal mastercard, well you already got it and don't even know it, all you have to do is order a paypal debit card, link it to the account, go to the settings, set it so if you don't have a balance it goes to the buyer credit, so anytime you use the mastercard it uses the buyer credit and boom, now you can use it anywhere not only where they say.. I bet no one knew about this! I figured it out, haha pretty nice!

 

plus you even get 2% cashback on EVERYTHING.. 

 

If I helped you let me know, I'm curious who didn't know about this.. It's a pretty easy card to get too..

Message 1 of 29
28 REPLIES
Senior Contributor

Re: Do you have paypal buyer credit, want the mastercard, you already got it!

We have had the paypal debit card with buyer credit as default for quite some time.

 

But truthfully, about the only time I use the buyer credit is if I buy something on ebay....pay to checkout, then PIF monthly.

 

Smiley Happy

 

 

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Message 2 of 29
Blogger

Re: Do you have paypal buyer credit, want the mastercard, you already got it!

does it report to the CRAs?
I live my life like I type, fast and with a lot of mistakes.
Spacebar broken. Watch for finger.

02/04/2015 || TU 08: 728 EX 08: 709 EQ 08: 748

Message 3 of 29
Member

Re: Do you have paypal buyer credit, want the mastercard, you already got it!

Yes it reports to all three of them, It is a error it is not suppose to be like this, because the paypal buyer credit is only supposed to be used on ebay and certain merchant sites..
Message 4 of 29
Valued Member

Re: Do you have paypal buyer credit, want the mastercard, you already got it!

]Yes it reports to all three of them, It is a error it is not suppose to be like this, because the paypal buyer credit is only supposed to be used on ebay and certain merchant sites.

great, now that you let the whole world know, they will probably change it. And I know of other people that  have figured it out

Message Edited by SDChrgrboy2 on 02-08-2010 12:12 PM
Message Edited by SDChrgrboy2 on 02-08-2010 12:12 PM
Message 5 of 29
Valued Contributor

Re: Do you have paypal buyer credit, want the mastercard, you already got it!

Just a reminder to all to please be Friendly, Supportive & Respectful.... when posting in these forums.
_____________________________________________________________________________
It's never too late to become the person you might have been. ~George Eliot

02/12/09 EX: 701 / 02/08/10 EQ: 719 / 02/08/10 TU: 723

Backdoor Numbers, Credit Scoring 101, Understanding Your FICO Score PDF
Message 6 of 29
Valued Member

Re: Do you have paypal buyer credit, want the mastercard, you already got it!

guess I do not get where you make these settings?  Where in paypal do you make these changes?

 

It ends up being a line of credit then?  your paypal balance will just go negative?   How does it work exactly?

 

Message 7 of 29
Senior Contributor

Re: Do you have paypal buyer credit, want the mastercard, you already got it!

Using the paypal buyer credit as a "backup funding source" to your paypal debit card is NOT a mistake nor error.

 

You click on PROFILE.  Then click on PAYPAL DEBIT CARD.  Then click CHANGE where it shows your backup payment method.  It will have "LINE OF CREDIT FOR YOUR PAYPAL BUYER CREDIT" as an option, if you have paypal buyer credit.  Select it and then SUBMIT.

 

No, your paypal balance will not go negative.  PayPal will use existing balance funds first, then it will pull funds from your backup source.  Backup sources can be a bank account, credit/debit card or your paypal buyer credit.

 

Therefore, if you have a $1000 paypal buyer credit account, you can turn your PayPal debit card into effectively a credit card by having a zero paypal account balance, then use your paypal debit card which will pull funds from your paypal buyer credit account as a "backup payment source" because your paypal balance is zero.  The debit card provides a reward of 1.5% I believe and there is no cash fee or advanced fee on it.

 

Smiley Happy

 

 

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Message 8 of 29
Valued Member

Re: Do you have paypal buyer credit, want the mastercard, you already got it!

ahh ok, I had this set already.. never used it though when I did not have the funds in my paypal account.  It shows 1000 dollar buyer credit thinger on my account.  Looks like it will just suck it outta my checking account if I go negative.

 

 

Message 9 of 29
Senior Contributor

Re: Do you have paypal buyer credit, want the mastercard, you already got it!

If you set your paypal buyer credit as your default funding source and as your backup payment method, then it will not pull from checking unless you manually select the checking at time of payment (online).

 

Smiley Happy

 

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Message 10 of 29