Using a credit card to pay a debt on Paypal

bobbysox1v

Can I used my credit card to send someone money via Paypal without it being seen as drawing "cash" ? The person I am paying does not have a credit card facility for their business so I asked if I could pay by paypal using my credit card.

Can I do this or will the Halifax see it as a cash transaction ?

PANIC !

grumbler

AFAIK, your bank will not see it as a cash advance, but Paypal will charge you 3%+ for the favour.

Hominu

Halifax don't regard Paypal transactions as cash advances, so you'll be fine. Paypal will charge a fee to who you send the cash to however.

You can even pay yourself with Paypal and its still regarded as a purchase, but you'll be charged 3.4% + 20p.

zerog

Hominu wrote: »

Halifax don't regard Paypal transactions as cash advances, so you'll be fine. Paypal will charge a fee to who you send the cash to however.

You can even pay yourself with Paypal and its still regarded as a purchase, but you'll be charged 3.4% + 20p.

But your account will probably get frozen if you make a habit out of that.

I think paypal gives you the option of whether to pay the fee or to let the recipient pay it (i.e. whether you pay the amount owed, or whether you want the receiver to receive the amount owed)

bsms1147

What if you PPG'd it instead; would that be counted as a cash advance or incur any fees?

Gromitt

zerog wrote: »

But your account will probably get frozen if you make a habit out of that.

Paypal once said on their forum that the limit was £1700 per year. After that, they assume you are a business.

dalesrider

bobbysox1v wrote: »

Can I used my credit card to send someone money via Paypal without it being seen as drawing "cash" ? The person I am paying does not have a credit card facility for their business so I asked if I could pay by paypal using my credit card.

Can I do this or will the Halifax see it as a cash transaction ?

PANIC !

No it won't be a cash transaction.
Get company to send you a invoice to pay for the goods....

Do not just send it as cash gift. As that leaves you with no protection if the goods do not arrive or there are any issues.

bobbysox1v

Tried to send the money to myself but it wont allow me to send money to the same email address as its coming from. (If that makes sense).

I think I'm going to have to ask around and see if anyone can recieve it for me. *wonders which of my friends look like they wont be fleeing the country any time soon*

gb12345

bobbysox1v wrote: »

Tried to send the money to myself but it wont allow me to send money to the same email address as its coming from. (If that makes sense).

I think I'm going to have to ask around and see if anyone can recieve it for me. *wonders which of my friends look like they wont be fleeing the country any time soon*

Why are you paying yourself/friends when it is a business that you want to pay the money to? You pay the business direct - anything else just looks like you are involved in some sort of scam/fraud.

Is this an online business that you are buying from? If so how do they normally take payments for their goods/services?

bobbysox1v

He's a farmer and hes sold me haylage and straw. He has invoiced me for it and I have a month to pay. Its a legitimate business but he wont accept credit cards and I dont have the cash. Its not a scam I can assure you. He's looked into having a credit facility but the charge wasnt worth it. So he accepts cash, cheque or bank transfer only.

My original plan was to use my cc to buy things I would normally use my debit card for but seeing as Im as poor as a church mouse (most horse owners are, unless your Zara Phillips) I dont use my cards much each month anyway so working my way through £1000 in day to day shopping might take me a good few months.

Im probably rambling now but you get the general picture. I hope he would have a paypal account so he could invoice me and I could pay him but he doesnt even have one of those... blurdy bumpkin

Nothing untoward going on here...

gb12345

Now I can see where the sending to friends comes from.

In that case your cheapest option is send the money to a friend or family member who you trust. As mentioned earlier, there will be a PayPal charge, but it will be a lot less than the charge for a cash withdrawal on the card.