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  • FIRST POST
    • thisiscreditcard
    • By thisiscreditcard 13th Apr 18, 10:41 AM
    • 2Posts
    • 0Thanks
    thisiscreditcard
    Pay UK Bank Account with Credit Card
    • #1
    • 13th Apr 18, 10:41 AM
    Pay UK Bank Account with Credit Card 13th Apr 18 at 10:41 AM
    Hi,

    I have this bug bear that I can't pay someone (friend/family etc.) easily with a credit card. I can either setup a new payee etc. and go through online banking (which is like fort knox now) or use Paypal (which is crazy expensive).

    I was thinking of setting up a simple site where you enter credit card details (they're not stored) and the service pays any UK bank account i.e. you can use your credit card to pay any person/business

    If something already exists even better! But wondered if anyone had any views or whether they'd use it if I created it?

    Thanks!
Page 1
    • stevenhp1987
    • By stevenhp1987 13th Apr 18, 10:53 AM
    • 615 Posts
    • 498 Thanks
    stevenhp1987
    • #2
    • 13th Apr 18, 10:53 AM
    • #2
    • 13th Apr 18, 10:53 AM
    It would be considered a cash advance and the payee would pay huge fees. Credit card companies would never let this happen.

    Many people would also use such a website for money laundering; turning stolen credit cards into cash.

    People would abuse it for cashback/frequent flier miles, e.g. sending their "friend" (or themselves) money who then gives it back... rinse and repeat. This is against all T&C of any card, and again would be a cash advance.

    If you want to send cash, you need to send it from your bank account, or using actual cash. There is a reason it's "crazy expensive" and to put it simply a credit card is not your cash to send.
    • Candyapple
    • By Candyapple 13th Apr 18, 11:05 AM
    • 2,866 Posts
    • 2,194 Thanks
    Candyapple
    • #3
    • 13th Apr 18, 11:05 AM
    • #3
    • 13th Apr 18, 11:05 AM
    I don't see why you'd be so bothered about sending cash to family/friends via your credit card - just use money in your bank account and send a faster payment which arrives in minutes and is free.

    If you don't have enough money to pay someone, then apply for a money transfer card, transfer the funds into your bank account and use the credit card that way:
    https://www.moneysavingexpert.com/credit-cards/money-transfers
    I'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com
    • thisiscreditcard
    • By thisiscreditcard 13th Apr 18, 11:20 AM
    • 2 Posts
    • 0 Thanks
    thisiscreditcard
    • #4
    • 13th Apr 18, 11:20 AM
    • #4
    • 13th Apr 18, 11:20 AM
    Thanks for that.

    How does PayPal differentiate it? i.e. if paypal sends a money request from say family, and I use a credit card to pay for that, that isn't considered a cash advance?

    I'd always thought cash advances were cash withdrawals as opposed to payments, how would the card companies differentiate?
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