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re: Banks that let you fund via PayPal with credit card

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New Contributor

re: Banks that let you fund via PayPal with credit card

For some reason I can't reply to this thread but it is relevant to me, so I'd like to ask:

 

My Discover category this month is Paypal. I don't understand why anything in there would be considered manufactured spend if that's literally what the category is? Paypal is a money "storage" and payment processor gateway for online ordering. Paypal doesn't offer any services beyond that?

 

I understand you guys are talking about funding a bank account with it, but I'm just talking about funding Paypal, lol.

 

So if I wanted to cap out this month, I could just fund my paypal wallet with my discover card and receive 5% cash back?

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Valued Contributor

Re: re: Banks that let you fund via PayPal with credit card

I'm not sure that would work. You have to make a purchase using PayPal as the payment method. 





Message 2 of 5
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Re: re: Banks that let you fund via PayPal with credit card


@Azza wrote:

For some reason I can't reply to this thread but it is relevant to me, so I'd like to ask:

 

My Discover category this month is Paypal. I don't understand why anything in there would be considered manufactured spend if that's literally what the category is? Paypal is a money "storage" and payment processor gateway for online ordering. Paypal doesn't offer any services beyond that?

 

I understand you guys are talking about funding a bank account with it, but I'm just talking about funding Paypal, lol.

 

So if I wanted to cap out this month, I could just fund my paypal wallet with my discover card and receive 5% cash back?


 

That would not be considered MS (topic not allowed here), but it would be considered a cash advance,  and as such, subject to a cash advance fee and interest. It might also make your lender think you're quite desperate for cash. 

Find a better way. 

I told my teens yesterday I'm done repeating myself. Darwin, take the wheel, please.
Message 3 of 5
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Senior Contributor

Re: re: Banks that let you fund via PayPal with credit card


@Remedios wrote:

@Azza wrote:

For some reason I can't reply to this thread but it is relevant to me, so I'd like to ask:

 

My Discover category this month is Paypal. I don't understand why anything in there would be considered manufactured spend if that's literally what the category is? Paypal is a money "storage" and payment processor gateway for online ordering. Paypal doesn't offer any services beyond that?

 

I understand you guys are talking about funding a bank account with it, but I'm just talking about funding Paypal, lol.

 

So if I wanted to cap out this month, I could just fund my paypal wallet with my discover card and receive 5% cash back?


 

That would not be considered MS (topic not allowed here), but it would be considered a cash advance,  and as such, subject to a cash advance fee and interest. It might also make your lender think you're quite desperate for cash. 

Find a better way. 


Yes, funding PayPal Wallet cash balance with a credit card would be a cash advance, which is why PayPal doesn't allow it. You can only fund PP Wallet with a transfer from a linked, verified bank account.


Message 4 of 5
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New Contributor

Re: re: Banks that let you fund via PayPal with credit card

Then what do you do to get it, just buy something through PayPal with the Discover? Isn't that funderrrr... Ok. So it's about *how* it's done. Got it.

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