Paying a family member by credit card- is it possible?

thinkstoomuch

Thanks everyone. Caused a bit of a ruction there...@spadoosh is correct that I'm not going to be credit worthy as I've been unemployed for years. All I have access to is my £2600 credit card limit and a max of £400 overdraft (I calculated the APR and it's eyewatering...)

@Jami74's suggestion of getting something cheaper- I guess I was trying to buy something that would last me a good few years and work out cheaper that would only last a year (if I'm lucky). I don't know any mechanics to help me with private sales and the local runarounds places owner is a real wide boy according to the online reviews...

I know that the fees for paypal are awful but I might have to suck them up myself if that's the only option apart from tons of little cash withdrawls.

Alternatively, as @Jami74 has suggested, maybe she'll take installments...although I think the money's already been earmarked and she can just sell privately if I can't pay.

What I will do is double check the spec of her car with the going rate- see if there's any scope to haggle down as I've just seen a near identical spec to her car being sold by the dodgy dave (not his real name) for £1000 cheaper but no mention of a service history...

Thanks- think I'll see about installments. If she can't do then it's down to dave's for something cheaper at least until I'm in a better position for a proper car loan 6-12 months down the line.

spadoosh

I can tell you there is such little difference between the mechanical capabilities of a £1000 car and a £2400 car as to make any decision based on its arbitrary value to determine its longevity is ineffective.

You want a car that wont break down and have high reapir bills buy a new. If your buying a second hand car, expect repair bills and break downs.

Emily_Joy

thinkstoomuch wrote: »

I know that the fees for paypal are awful but I might have to suck them up myself if that's the only option apart from tons of little cash withdrawls..

PayPal does charge you a fee, but it also provides protection for the buyer. Just imagine the car you bought fails/develops a fault within a couple of months and you are left without the vehicle and without means to fix it.

BlueWonder

Emily_Joy wrote: »

PayPal does charge you a fee, but it also provides protection for the buyer. Just imagine the car you bought fails/develops a fault within a couple of months and you are left without the vehicle and without means to fix it.

If they chose "Friends and Family" in paypal when they send payment paypal won't charge a fee, as the OP is planning on paying a family member this will be a safe option.

For the OP, as others have said it's completely possible to pay them via paypal with a credit card but i think some account have limits to what they can receive so that might need to be looked into. If you did manage to pay them they will then be able to withdraw the money from paypal into their bank account.

EarthBoy

Emily_Joy wrote: »

Does it appear as a purchase or as a cash transaction on the CC statement?

The recipient will have to pay fees anyway (and to face possible complications of PayPal blocking the account for suspicious transaction).

It shows as a purchase with the reference "PAYPAL *JOHNSMITH" or whatever the person's name is. I send the money as a "family and friends" transfer, so the recipient doesn't pay any fees, and they haven't had their PayPal account blocked.