cancel
Showing results for 
Search instead for 
Did you mean: 

Paypal Debit

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
Highlighted
Senior Contributor

Re: Paypal Debit


@longtimelurker wrote:

Guess I should call Paypal and remind them to remove it?  Maybe not!


I called in for all of us, they said the guy in charge of that has been out sick . . .

 

Just kidding, no idea what's going on, but not sure PayPal knows what's going on either. I think I'll do a bank account while the gettin' is still good.

 


Fico 08: 734/716/734 TU/EX/EQ
Message 21 of 70
Highlighted
Frequent Contributor

Re: Paypal Debit

@DaveInAZ wrote:

I called in for all of us, they said the guy in charge of that has been out sick . . .

 

Just kidding, no idea what's going on, but not sure PayPal knows what's going on either. I think I'll do a bank account while the gettin' is still good.


We can all hope for that grandfathering, can't we? Smiley Wink

$1,000 is a lot to owe, yet little to have.
Credit Cards

Debit Cards



Message 22 of 70
Highlighted
Established Contributor

Re: Paypal Debit


@Masterlink wrote:
Edit2: Thought you guys would like this as it's relevant. Decided to open a US Bank gold checking account, since it's free with my Cash+ card. Had the option to fund the opening deposit with a card, used my PPBD to test if backup was still working... It worked! It also lists as signature debit and qualifies, and shows on my CBMC. I just earned 3% on my own money. Smiley Happy Technically wouldn't that be getting PAID 3% on a "cash advance"?

Correct me if I'm wrong, but this is considered a manufactured spend, can be viewed as fraud, and can get you flagged and banned. Just something to think about.

 

Also, my credit card is also still linked. I have not tested paying with the card though.




Message 23 of 70
Highlighted
Frequent Contributor

Re: Paypal Debit

I signed in to subscribe to this topic.

 

It worked for a friend of mine and it's still showing as a backup funding method. I wonder if Paypal is pulling a Citi IT one or they decided to not act on the deadline right away.

 

But the fact that they sent emails about it means that it will die at one point since someone up there doesn't like it.





Message 24 of 70
Highlighted
Super Contributor

Re: Paypal Debit


@staticvoidmain wrote:

@Masterlink wrote:
Edit2: Thought you guys would like this as it's relevant. Decided to open a US Bank gold checking account, since it's free with my Cash+ card. Had the option to fund the opening deposit with a card, used my PPBD to test if backup was still working... It worked! It also lists as signature debit and qualifies, and shows on my CBMC. I just earned 3% on my own money. Smiley Happy Technically wouldn't that be getting PAID 3% on a "cash advance"?

Correct me if I'm wrong, but this is considered a manufactured spend, can be viewed as fraud, and can get you flagged and banned. Just something to think about.

 

Also, my credit card is also still linked. I have not tested paying with the card though.


Not really fraud. Synchrony would no doubt frown on it but PayPal is the one processing the transaction and if they let it go through, they let it go through. 

 

Obviously don’t go doing this a bunch of times but I doubt a one off is going to raise any flags at all. After all, the main card is a debit card and PayPal didn’t exactly put out a list of rules for using the credit card as a backup funding source. 

 

Also, mine is very much still attached. 🤷‍♂️ 



01/2019:
02/2020:

Closed: CareCredit $10K, B&H Payboo $7500
Hover over my cards to see my limits!
Goal cards: Cash+, Freedom.
Message 25 of 70
Highlighted
Frequent Contributor

Re: Paypal Debit

It's not quite fraud, no. MS is "legal" in a loophole sense, despite being seriously frowned upon. Also considering the limit 25-50, doesn't leave much room for abuse either. Not going rampant and opening a hundred accounts, think US Bank would flag me first.

There's also the fact that it ALLOWS it, US Bank had the option to open the account with a credit card (I chose the debit option) Also how it was charged came up like a bill pay. So even run as credit, it would have just earned 2% instead and not a CA. Considering even doctorsofcredit, this site, and more have info on the best ways to do it... I don't think paypal is going to flag me over a $30 deposit. Smiley Tongue If it was as dangerous a practice as flagging a single transaction as fraud, I'd think the relevant info would be out there.

Moving on topic: 03/20 still working.
$1,000 is a lot to owe, yet little to have.
Credit Cards

Debit Cards



Message 26 of 70
Highlighted
Mega Contributor

Re: Paypal Debit


@Masterlink wrote:


Moving on topic: 03/20 still working.

Yep, just paid a $20 medical bill, , so I earned a whole extra 20c over just using a 2% card!   Thank you paypal for being slow!

Message 27 of 70
Highlighted
Mega Contributor

Re: Paypal Debit


@staticvoidmain wrote:

@Masterlink wrote:
Edit2: Thought you guys would like this as it's relevant. Decided to open a US Bank gold checking account, since it's free with my Cash+ card. Had the option to fund the opening deposit with a card, used my PPBD to test if backup was still working... It worked! It also lists as signature debit and qualifies, and shows on my CBMC. I just earned 3% on my own money. Smiley Happy Technically wouldn't that be getting PAID 3% on a "cash advance"?

Correct me if I'm wrong, but this is considered a manufactured spend, can be viewed as fraud, and can get you flagged and banned. Just something to think about.

 

Also, my credit card is also still linked. I have not tested paying with the card though.


As others have said, fraud, no!  Fraud is a criminal matter, MS just violates the terms of service in some cases.   It could get your account closed if done "big" but this generally means at least tens of thousands per month, every month....

Message 28 of 70
Highlighted
Mega Contributor

Re: Paypal Debit


@Masterlink wrote:
It's not quite fraud, no. MS is "legal" in a loophole sense, despite being seriously frowned upon. Also considering the limit 25-50, doesn't leave much room for abuse either. Not going rampant and opening a hundred accounts, think US Bank would flag me first.

There's also the fact that it ALLOWS it, US Bank had the option to open the account with a credit card (I chose the debit option) Also how it was charged came up like a bill pay. So even run as credit, it would have just earned 2% instead and not a CA. 

.

Unfortunately, the fact that a merchant (in this case US Bank) allows something doesn't mean that the credit card issuer won't have problems!  In my bad days, CVS let me buy $2500 of gift cards every day but eventually Amex decided this violated their definition of normal personal use.

 

But I agree that the amount involved in your transaction isn't going to raise issues.

Message 29 of 70
Highlighted
Frequent Contributor

Re: Paypal Debit


@longtimelurker wrote:

@Masterlink wrote:
It's not quite fraud, no. MS is "legal" in a loophole sense, despite being seriously frowned upon. Also considering the limit 25-50, doesn't leave much room for abuse either. Not going rampant and opening a hundred accounts, think US Bank would flag me first.

There's also the fact that it ALLOWS it, US Bank had the option to open the account with a credit card (I chose the debit option) Also how it was charged came up like a bill pay. So even run as credit, it would have just earned 2% instead and not a CA. 

.

Unfortunately, the fact that a merchant (in this case US Bank) allows something doesn't mean that the credit card issuer won't have problems!  In my bad days, CVS let me buy $2500 of gift cards every day but eventually Amex decided this violated their definition of normal personal use.

 

But I agree that the amount involved in your transaction isn't going to raise issues.


I was meaning more towards the subject of fraud, but your points are definately still valid. Smiley Happy

$1,000 is a lot to owe, yet little to have.
Credit Cards

Debit Cards



Message 30 of 70
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.