If you need help, please send us a modmail, DON'T message individual mods directly. Take a minute to double-check the costs before moving forward.IF YOU'RE NEW HERE, PLEASE READ THIS STICKY AND OUR FAQ Breaking the rules may result in a BAN. The fees of a transaction will vary based on your credit card and the amount you are sending. There’s no set rule, but take care that you aren’t putting your credit card on too many platforms. The more places you store your credit card information, the greater the likelihood that it’ll eventually be snatched. When combined with PayPal fees, a cash advance fee might be a dealbreaker for this type of transaction. Check the fine print of your credit card to determine whether or not you’ll face a cash advance fee. Depending on the details of the transaction, your credit card issuer may be able to charge a cash advance fee when you send money via PayPal. Before sending funds, confirm that you are comfortable with the total cost of the transaction. First and foremost, the fees tied to a credit card transaction on PayPal can add up. Why you shouldn’t use a credit card on PaypalĪs with all transaction options, there are also some reasons to avoid using a credit card with PayPal. Otherwise, the rewards you earn might be overpowered by the fees. Take the time to run the numbers before moving forward with a transaction. In either case, the goal is for your credit card rewards to outweigh the PayPal fees. In some cases, sending money via PayPal to someone else might help you hit the required spend. If you’ve recently opened a credit card with an attractive welcome bonus, you might have to hit a certain amount of spending. For example, if your credit card offers 5% back on your Paypal spending, then you’ll beat the 2.9% fee. Otherwise, you’ll still lose money to PayPal fees. But the rewards must amount to greater than 2.9% of your transaction. If you have a rewards credit card in your wallet, the rewards you earn might outweigh the PayPal fees. But in some situations, you might still come out ahead: The transaction fees tied to using a credit card to send money on PayPal can add up. When using a credit card for a PayPal transaction can make sense Instead, consider a different payment method to keep your costs down. If you determine that the PayPal fee is too steep, you don’t have to follow through with the transaction. ![]() Before you press send, you should see a summary of the transaction, which includes the PayPal fee. You can select the credit card from your payment methods.Īs you set up the transaction, keep the fees in mind.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |