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Using Credit Cards for Paypal
Crumpy2015
Posts: 1 Newbie
in Credit cards
Regarding the issue of credit card companies being responsible for goods wholly or part paid for by their card (section 75 ??) , what is the situation with Paypal? Do the same rules apply as the account can be underwritten by a credit card if there are not sufficient funds in the account to satisfy a full payment.
If so, what happens if a payment is wholly made by the account funds without drawing on a credit card.
Would it actually be safer to keep a zero Paypal balance so the credit card is always used?
If so, what happens if a payment is wholly made by the account funds without drawing on a credit card.
Would it actually be safer to keep a zero Paypal balance so the credit card is always used?
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Comments
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Someone will correct me, but s75 does not apply if you pay for good through a third party (ie paypal). If you want protection, pay the company directly with your CC, not through paypal? Paypal has its own protection system for complaints.0
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Paully is correct. If you pay via CC via an intermediary i.e. PayPal, Amazon Marketplace etc, you have no section 75 protection.Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.
ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.0 -
Section 75 shouldn't apply, although I've heard of some people getting lucky with it - really not something you'd want to rely on though.
As for keeping a zero PayPal balance, that's something I do anyway: no point having cash sat in PayPal getting zero interest and with no FSCS protection.0
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