eBay - beware of recurring payments on credit card?

Dilettante

Hi all,

First post and can't stress enough what a great site this is!

Anyway, my query is regarding eBay and PayPal. Recently I've been doing some buying and selling online. I thought it would be a good idea to add my cashback credit card to be debited by both eBay and PayPal to pay for online purchases, PayPal and seller's fees.

Now I've just read Martin's article 'Direct Debit D-Day' and it's got me a bit worried. It mentions recurring payments and he states that:

If you gave your credit or debit card number, rather than bank account and sort code for a regular payment, then it's a recurring payment. It's most commonly done for online subscriptions and some online telephone services.

I thought that as I make payments or transactions on an 'as and when' basis that it shouldn't be too much of an issue. I also regularly keep an eye things to ensure that there are enough funds to pay everything.

But I might be wrong. So does this mean that I've created, by definition, a recurring payment? If so, is it anything to be concerned about?

Any help would be greatly appreciated!

rash.m2k

I don't think you have anything to worry about. I have my egg cashback card registered.

I think the 'Direct Debit D-Day' refers to setting up a direct debit via your credit card rather than your bank account

kilasuit

Ebay and Paypal set up a recurring payment in the form of a DD but its a vairiable one that only will take funds that are requested as either bill payments for listing fees etc.

You've already said you keep an eye out on yourcard so i'd say you've not got to worry especially seeing as i've have the DD set up from my current account for almost 3 years and not had nething come out other than what i have requested.

Hope i've helped

Dilettante

kilasuit and rash.m2k - thanks for your swift responses.

It's a relief to know that something good can come out of paying the bills!

Innocent_Guy

Dilettante wrote: »

Hi all,

First post and can't stress enough what a great site this is!

Anyway, my query is regarding eBay and PayPal. Recently I've been doing some buying and selling online. I thought it would be a good idea to add my cashback credit card to be debited by both eBay and PayPal to pay for online purchases, PayPal and seller's fees.

Now I've just read Martin's article 'Direct Debit D-Day' and it's got me a bit worried. It mentions recurring payments and he states that:

I thought that as I make payments or transactions on an 'as and when' basis that it shouldn't be too much of an issue. I also regularly keep an eye things to ensure that there are enough funds to pay everything.

But I might be wrong. So does this mean that I've created, by definition, a recurring payment? If so, is it anything to be concerned about?

Any help would be greatly appreciated!

Nothing to worry about it just means you have set up a variable payment. You can cancel your subscription any time by
1)Removing your card details from the site
2) Cancelling your card

I do think that the above would be abit extreme though.

Best of luck