How to pay someone's bank account by credit card

sarah_id1

I have barclaycard and I pay my dues by direct debit. I borrowed some money from a family friend and want to return him back. I will get my pay by jan end by which time I can pay him back. I wanted to pay him ASAP and was wondering if I could use my credit card to pay him much earlier?

UsetheFORCE

yes but it will cost you.

Easiest way is to take cash out and put it into their bank account.

http://www.barclaycard.co.uk/personal/new-transaction-fee

Naf

There's a free way, but it's slow. Even slower the first time as you need to get it set up.
PayPal.

It's not too bad if he already has it set up with his bank account.
Alternatively explain it to him, and see if he'll let you pay for something (or part of something) for him. Something he would be buying anyway.

Gromitt

Naf wrote: »

There's a free way, but it's slow. Even slower the first time as you need to get it set up.
PayPal.

Paypal is free when you use your PayPal balance or your bank account linked to your PayPal account. There is a charge of 3.4% + £0.20 GBP for debit or credit card payments (either the sender or recipient can pay this fee).

UsetheFORCE

Gromitt wrote: »

Paypal is free when you use your PayPal balance or your bank account linked to your PayPal account. There is a charge of 3.4% + £0.20 GBP for debit or credit card payments (either the sender or recipient can pay this fee).

That is why I didn't bother mentioning it....

Hazel_

look at if he has a izettle account, Fee is 2.5% and your friend gets the money the next day.

Naf

Gromitt wrote: »

Paypal is free when you use your PayPal balance or your bank account linked to your PayPal account. There is a charge of 3.4% + £0.20 GBP for debit or credit card payments (either the sender or recipient can pay this fee).

When did that start? It wasn't like that last time I sent someone money.

williham

Naf wrote: »

When did that start? It wasn't like that last time I sent someone money.

Yes it was

Hominu

Paypal has never been free for card payments (you really think they are going to offer a service where they lose money?), but by default the recipient got the charge deducted from the amount sent, so maybe you didn't notice.

guesswho2000

There's no truly free way to get cash from a credit card.

Barclaycard have the option in online banking to transfer to current account, although I yet to hear of anyone actually being able to use this facility (it's permanently greyed out in mine). This would, I expect, come with a fee.

Other cards also offer this facility, those from the MBNA stable allow it at whatever rate they decide to charge at the time; those from the RBS stable (including Tesco, even though they're not RBS any more) allow it with no fee, but charge interest from day one.

Purchases are the only way to get "free" money from a CC these days.

sarah_id1

guesswho2000 wrote: »

There's no truly free way to get cash from a credit card.

Barclaycard have the option in online banking to transfer to current account, although I yet to hear of anyone actually being able to use this facility (it's permanently greyed out in mine). This would, I expect, come with a fee.

Other cards also offer this facility, those from the MBNA stable allow it at whatever rate they decide to charge at the time; those from the RBS stable (including Tesco, even though they're not RBS any more) allow it with no fee, but charge interest from day one.

Purchases are the only way to get "free" money from a CC these days.

Thanks for all the suggestion. I too see "transfer to current account" greyed out. So effectively I cannot use cash from my CC without paying any interest or being charged.