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Paypal Question

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TimmySaver

TimmySaver Posts: 225 Forumite

25 September 2014 at 5:18PM in Mortgage-free wannabe

Hi,

Firstly, apologies if this is a stupid question!

I was wondering if it's possible to overpay a mortgage via a paypal account? Or do you have to transfer the money to a bank account and overpay from there?
I've never had a paypal account, but will need to soon for bubblews and possibly swagbucks.

Old Mortgage: [STRIKE]2009:£78500 2010:£76951.71 2011:£74414.49 2012:£71961.35 2013:£67813.54 2014:£64375.16 Current: £55,480.27[/STRIKE]

New Mortgage: 2016: £92795 Current: £87999.99

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Comments

Cariad71 Posts: 263 Forumite

25 September 2014 at 7:31PM

Hi,
You'd have to request payment is sent to your bank first then pay from bank account&#55357;&#56835;

Starting balance £173,000 (Sept 2012) interest only so if we do nothing We will owe this at the end of the term😁😁
Balance as of Sept 2014 £165,803
Balance as of Feb 2015 £163,360
Balance end of July 2015 £159,050
Balance as of Jan 2017.... £138,033:j
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TimmySaver Posts: 225 Forumite

25 September 2014 at 7:36PM

Cariad71 wrote: »

Hi,
You'd have to request payment is sent to your bank first then pay from bank account��

Thanks Cariad71. Do you know if there are any paypal charges?

Old Mortgage: [STRIKE]2009:£78500 2010:£76951.71 2011:£74414.49 2012:£71961.35 2013:£67813.54 2014:£64375.16 Current: £55,480.27[/STRIKE]

New Mortgage: 2016: £92795 Current: £87999.99
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CathT Posts: 7,133 Forumite

25 September 2014 at 9:53PM

There should be no charges to withdraw funds from PayPal into your bank account.

June 2025 - part 1 - £19,145 part 2 - £21,973 Total - £41,118 29 months to go!
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cb4fwh Posts: 165 Forumite

26 September 2014 at 7:51AM

But there are fees - these are removed at the point at which the money enters your Paypal account...

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