Credit Cards & Paypal

Ezra123

Hey,

I stumbled upon something the other day but not sure if its new or old.

I have 2 PayPal account and 2 bank accounts (1 paypal set under an old email address) - so I sent PayPal (1) and invoice from PayPal (2) for £100 and paid the invoice from my credit card where I have 0% spending for 36 months but no cash transfer deals.

This got me thinking, surely you could empty the credit card as it classes as a "transaction" under "purchases" and then have all that money in paypal (1) account then transfer into your bank account to help pay perhaps another card you don't have a deal on?

So far this has incurred no fees through PayPal or my Credit Card...

Good to hear thoughts.

[Deleted User]

No you cannot transfer money in that sense.

Fingerbobs

Ezra123 wrote: »

Hey,

I stumbled upon something the other day but not sure if its new or old.

I have 2 PayPal account and 2 bank accounts (1 paypal set under an old email address) - so I sent PayPal (1) and invoice from PayPal (2) for £100 and paid the invoice from my credit card where I have 0% spending for 36 months but no cash transfer deals.

This got me thinking, surely you could empty the credit card as it classes as a "transaction" under "purchases" and then have all that money in paypal (1) account then transfer into your bank account to help pay perhaps another card you don't have a deal on?

So far this has incurred no fees through PayPal or my Credit Card...

Good to hear thoughts.

This may work, but is against PayPal's rules. For a start, an individual is only allowed to have a maximum of two PayPal accounts - one personal one, and one business one. If you've got two personal accounts you're already breaking the rules.