Paypal and credit cards

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Just wondering if you register a credit card with Paypal, then you pay Paypal funded from your credit card, does this constitute a cash payment ? like drawing money from a cash machine with your CC, probably a daft question, but my reason for asking is you obviously accrue more interest on cash from a CC, so anyone got any answers please :)
 
Credit cards payments via Paypal attract 4%+ fees so I can't see how this would work?
 
puddleduck said:
Credit cards payments via Paypal attract 4%+ fees so I can't see how this would work?
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Sorry Andy, what do you mean "can't see how this would work" my brains not in gear today :D
 
I've never been charged extra for using my Lloyds credit-card.
I might be wrong but I feel it always gives me an extra layer of protection by funding any purchases in this way.
Never used a CC to withdraw cash but I understand the charges are a bit OTT.
 
waspjunior said:
I feel it always gives me an extra layer of protection by funding any purchases in this way.
OTT.
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Yes that was my reasoning on it.
 
Your better off registering your bank details - a credit/debit card is used as a back up if funds are not available in your bank account - seems daft with a debit card as if there's no funds available then how can a debit card be of any use...

They take the monies via direct debit... usually 3 days after making a payment via PP (if you dont have any money in the PP account)

According to PP costs - its cheaper to send money with Paypal (as quoted from their site) :rules: "If you use your credit or debit card, there is a fee of 3.4% of the transaction amount plus 20p" as they reckon....

:thinking:Dont look cheap to me.....

:thinking: Have I totally got the wrong end of the post & in the process totall confused you even more??
 
Trig's said:
:thinking: Have I totally got the wrong end of the post & in the process totall confused you even more??
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Ok it's probably my fault for not being more specific, ok this is what i mean, say for eg you take £200 out of a cash machine using your CC, the interest rates are a hell of lot more than buying a lens from jessops for £200 using your CC, and i think accrue by the day, there are some other things which are also classed as cash, ie such as going in to a bookmakers and using your credit card to put on a bet, or indeed doing it online.

So what i was wondering does Paypal work the same, as effectively your funding a cash purchase through Paypal using your CC, hope that makes more sense :)
 
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TG. said:
Ok it's probably my fault for not being more specific, ok this is what i mean, say for eg you take £200 out of a cash machine using your CC, the interest rates are a hell of lot more than buying a lens from jessops for £200 using your CC, and i think accrue by the day, there are some other things which are also classed as cash, ie such as going in to a bookmakers and using your credit card to put on a bet, or indeed doing it online.

So what i was wondering does Paypal work the same, as effectively your funding a cash purchase through Paypal using your CC, hope that makes more sense :)
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Gotcha.....

It seems that they charge then as according to their site "If you use your credit or debit card, there is a fee of 3.4% of the transaction amount plus 20p"

did that help or should I make a sharp :exit: towards the door......
 
Trig's said:
Gotcha.....

It seems that they charge then as according to their site "If you use your credit or debit card, there is a fee of 3.4% of the transaction amount plus 20p"
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I assume you mean the above is Paypal's charges ? what i'm trying to get at is the CC company,s charge, and do they look on it as cash or an item charge, i appreciate that varies depending who they are, maybe i should just call them :D
 
I think that just might be the best answer going as then you would have heard it from the horses mouth, instead of people miss reading in what you want to know....
 
Trig's said:
I think that just might be the best answer going as then you would have heard it from the horses mouth, instead of people miss reading in what you want to know....
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I did think about that originally, but didn't want to spend ages on the options on the phone, which is what normally happens, so as i was here i thought i might ask, i do think i was quite specific in post 8 though, and don't see how it could be misread :)
 
TG. said:
I did think about that originally, but didn't want to spend ages on the options on the phone, which is what normally happens, so as i was here i thought i might ask, i do think i was quite specific in post 8 though, and don't see how it could be misread :)
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With all this rubbish daytime TV - quite easily...:thumbs:
 
leaky5 said:
Using your CC through Paypal does not give you the usual CC protection.

http://www.which.co.uk/advice/paypal---your-rights/paypal-protection-problems/index.jsp
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Yep - I've said this before here. Due to Paypal brainwashing everyone thinks they are somehow "protected" but in reality protection in only on Ebay - paying with a CC via Paypal actually gives you less rights as technically Paypal are a 3rd party payment processor, therefore Credit Card companys are not obligued to support chargebacks via Paypal.

Paypal gives you 45 (on Ebay onkly), a Credit Card you have additional rights for up to 6 months via Consumer Credit Act.
 
TG. said:
I assume you mean the above is Paypal's charges ? what i'm trying to get at is the CC company,s charge, and do they look on it as cash or an item charge, i appreciate that varies depending who they are, maybe i should just call them :D
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Payments made with paypal that are card funded appear on your card statement as purchases, not as cash withdrawals so attract the purchase interest rate and interest free period if paid off when the bill comes in.

I think that is the question you were asking.


The 3.4% + 20p is what paypal charge the recipient of the money, not the sender, unless the sender does a "paypal gift" and then funds it with a credit card. In this case the recipient gets the full amount and the sender is charged the full amount plus the 3.4% + 20p by paypal. Even so, this appears on the credit card statement as a purchase and not as a cash withdrawal.
 
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