topic Re: Using credit card on PayPal in Credit Cards

Using credit card on PayPal

Anonymous — Fri, 10 Oct 2014 01:22:35 GMT

Are these viewed as "cash advances"? Or purchases?

Scenario:

I want to sent money to a friend for an item via PayPal. Just curious since I am not purchasing from day ebay...etc.

Re: Using credit card on PayPal

Blodreina — Fri, 10 Oct 2014 01:51:10 GMT

@Anonymous wrote:
There is no fee when you use your card to pay for goods, services, or eBay items.
If you use your card to send money to someone for personal reasons (not to pay for something), we charge a small fee.
You can pay the fee or ask the recipient to pay it. Your card issuer may charge a cash advance fee, too

Sounds like it depends on the card. I've never sent money this way, so I can't speak from personal experience.

Re: Using credit card on PayPal

Jaylima91 — Fri, 10 Oct 2014 01:50:31 GMT

If sent as goods or services it may be considered as a purchase. If sending to family or friend it may be considered cash advance

Re: Using credit card on PayPal

Anonymous — Fri, 10 Oct 2014 12:23:26 GMT

@Jaylima91 wrote:
If sent as goods or services it may be considered as a purchase. If sending to family or friend it may be considered cash advance

I think this is correct. When you get the option to choose, select "I'm paying for goods or services".

Re: Using credit card on PayPal

shakalaka — Fri, 10 Oct 2014 12:45:34 GMT

If you select "I'm paying for goods or services" at will count as purchase. At least for Amex, Discover and Chase. These are the ones I used so far and yes, it has been non ebay payments.

Re: Using credit card on PayPal

JSS3 — Fri, 10 Oct 2014 12:46:54 GMT

AFAIK whenever I used a credit card to send money, I'd choose, "Sending to friends and family". Never have I been charged a cash advance fee. I believe the difference between the two(Sending to friends/family vs Paying for Goods and Services) is who has to pay the 3% fee.

I vaguely remember the old paypal requiring you to first choose sending to family but then you'd have to select either "goods and services" or "cash advance". Not absolutely sure though.

Re: Using credit card on PayPal

takeshi74 — Fri, 10 Oct 2014 15:10:46 GMT

@Anonymous wrote:
Are these viewed as "cash advances"? Or purchases?

Depends on the type of transaction.

https://www.paypal.com/us/webapps/helpcenter/helphub/article/?articleID=FAQ499&m=SRE&url=https%253A%252F%252Fokminternal.paypal.com%252Finfocenter%252Findex%253Fpage%253Dcontent%2526id%253DFAQ499%2526actp%253Dsearch%2526viewlocale%253Den_US&answerId=16777227&searchId=1412953387863&rankId=11

Re: Using credit card on PayPal

Luscher — Fri, 10 Oct 2014 16:38:52 GMT

I used my BOA card to send $2600 through paypal and had no problem. Even left the balance on the card for 3 months......They kinda liked it considering they gave me a CLI of 8k after I paid it off

Re: Using credit card on PayPal

Anonymous — Fri, 10 Oct 2014 16:48:25 GMT

I've been using AMEX on paypal forever. No problems here.

Re: Using credit card on PayPal

Luscher — Fri, 10 Oct 2014 19:55:28 GMT

The only time a CCC will have a problem is if you are trying to use it as a cash advance like sending money to yourself somehow or sending money to a family member for yourself. If they catch on to it, they may not like it. Idk why anybody would do that since paypal charges a fee, but you never know these days

Re: Using credit card on PayPal

Shock — Fri, 10 Oct 2014 19:59:13 GMT

I think either way it will be a purchase. I sent 3k to my friend so he could send it back to me on paypal so i got the cash to pay off my car loan. If you do it as a gift, it charges you 3%. If you do it as goods and services, it will charge the receiver 3%.

Re: Using credit card on PayPal

Imperfectfuture — Fri, 10 Oct 2014 20:19:43 GMT

@Jaylima91 wrote:
If sent as goods or services it may be considered as a purchase. If sending to family or friend it may be considered cash advance

^^^THIS

have had PayPal since 2002. I list debit card in there for that purpose. Credit, is cash advance. They will also use your bank account first, before debit card (avoid fees). Personally, sis and I use wire to/from bank accounts instead of PayPal. YMMV.