swedge
Member
Registered: 3rd Sep 07
Location: Hawick,scotland drives: 1.4 sri corsa
User status: Offline
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right little question here regarding credit cards
i know that if you withdraw cash using your credit card it will charge you a fair bit
if i had a card with 0% apr for like 10 months and send money to my paypal account then withdrew it from my paypal to my bank.
would i get the same kinda charge as if it was withdrawing cash?
this is assuming i pay it all back in 10 motnhs?
P.S. im not trying a scam or anything just curious
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Nath
Member
Registered: 3rd Apr 02
Location: MK
User status: Offline
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Probably get charged through Paypal wouldn't you?
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swedge
Member
Registered: 3rd Sep 07
Location: Hawick,scotland drives: 1.4 sri corsa
User status: Offline
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ill just check paypal
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swedge
Member
Registered: 3rd Sep 07
Location: Hawick,scotland drives: 1.4 sri corsa
User status: Offline
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Q. Is paypal free
A. Yes, it's free to sign up for a PayPal account and to send money to friends and family. You can also transfer funds from your bank account to your PayPal account at no charge. Premier and Business accounts, as well as Personal accounts that accept credit card payments, are charged a small fee to receive payments.
anyone wanna double check that for me please
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swedge
Member
Registered: 3rd Sep 07
Location: Hawick,scotland drives: 1.4 sri corsa
User status: Offline
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just noticed it says free from bank to paypal
need to check oppsoite way round
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Nath
Member
Registered: 3rd Apr 02
Location: MK
User status: Offline
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quote:
Originally posted by swedge
just noticed it says free from bank to paypal
need to check oppsoite way round
That's probably where the charge may exist.
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swedge
Member
Registered: 3rd Sep 07
Location: Hawick,scotland drives: 1.4 sri corsa
User status: Offline
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Q What are there fees to withdraw funds from my PayPal account to my bank account?
A. There is a £0.25 GBP fee to withdraw £49.99 GBP or less and deposit it in your UK bank account. Withdrawals of £50.00 GBP or more are free. For more about withdrawal fees for bank accounts
anyone wanna double confirm that for me please
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Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
User status: Offline
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What you're saying would work, yes. Slippery path tho.
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John
Member
Registered: 30th Jun 03
User status: Offline
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Paypal will take a chunk of the money you pay in, it's normally quite a bit.
Why not just buy the stuff you need to buy on the card?
Also, if you are young and have no credit history, which it sounds like, chances of an interest free card are slim.
[Edited on 14-04-2008 by John]
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swedge
Member
Registered: 3rd Sep 07
Location: Hawick,scotland drives: 1.4 sri corsa
User status: Offline
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quote:
Originally posted by John
Paypal will take a chunk of the money you pay in, it's normally quite a bit.
Why not just buy the stuff you need to buy on the card?
Also, if you are young and have no credit history, which it sounds like, chances of an interest free card are slim.
[Edited on 14-04-2008 by John]
paypal has no charges for sending or reciveing money
i cant pay with card as its for a respray on my car and it aint a big business place
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strick206
Member
Registered: 12th Apr 07
Location: Wigan Drives:Integra DC5
User status: Offline
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No, you can't as it is technically not a purchase, so therefore just a cash transaction, you will be charged just as if you are withdrawing it from the bank
Another way to do it would be deposit money into a bookmakers account, then withdraw it to your bank card, this doesn't work also
They have everything covered mate
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strick206
Member
Registered: 12th Apr 07
Location: Wigan Drives:Integra DC5
User status: Offline
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quote:
Originally posted by swedge
paypal has no charges for sending or reciveing money
i cant pay with card as its for a respray on my car and it aint a big business place
So what you are saying is, they don't want the job to go through the books, they want cash in hand?
Personally for such a big job i would want a receipt
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swedge
Member
Registered: 3rd Sep 07
Location: Hawick,scotland drives: 1.4 sri corsa
User status: Offline
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quote:
Originally posted by strick206
quote:
Originally posted by swedge
paypal has no charges for sending or reciveing money
i cant pay with card as its for a respray on my car and it aint a big business place
So what you are saying is, they don't want the job to go through the books, they want cash in hand?
Personally for such a big job i would want a receipt
the guys thats gonne be spraying it works in a garage that does repairs, services etc
they have spraying facilities but arent a proper garage that does MOT's etc
ive knew the guy for ages and know he will do a good job
i think ill just ask someone at the bank or give paypal a ring
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strick206
Member
Registered: 12th Apr 07
Location: Wigan Drives:Integra DC5
User status: Offline
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quote:
Originally posted by swedge
ive knew the guy for ages and know he will do a good job
i think ill just ask someone at the bank or give paypal a ring
Just take my advice, it won't work, it is a cash transaction
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strick206
Member
Registered: 12th Apr 07
Location: Wigan Drives:Integra DC5
User status: Offline
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The only way you could possibly get it to work is, if you list something on ebay, or get a friend to do so, for the amount of the respray, buy it through ebay, pay via paypal
bearing in mind you will lose quite a large amount in ebay selling fees, and paypal fees to the other person, then get them to withdraw it and give you the cash, that's the only way you could possibly get cash out
Just make sure the listing looks 100% genuine otherwise the CC company could look into it
Which would be worse when the withdraw their services and order you to pay back immediately
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swedge
Member
Registered: 3rd Sep 07
Location: Hawick,scotland drives: 1.4 sri corsa
User status: Offline
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i take is this info is not what im looking for?
https://www.paypal.com/helpcenter/main.jsp;jsessionid=LDjZ8FlGJZ1QTJx1ZvNnYZ6qK1bL4XG2mDDZpRpqd6TFHydgkF3S!2957617?locale=en_GB&_dyncharset=UTF-8&countrycode=GB&cmd=_help&serverInstance=9005&t=solutionTab&ft=searchTab&ps=solutionPanels&solutionId=17531&isSrch=Yes
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John
Member
Registered: 30th Jun 03
User status: Offline
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It's not anything to do with that kit you're getting sprayed is it?
If it is the best bit of advice you can get is take the thing off, back to standard or at least something tasteful and you'll thank me in a couple of years time when your not in debt for a corsa that went out of date in 2002.
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swedge
Member
Registered: 3rd Sep 07
Location: Hawick,scotland drives: 1.4 sri corsa
User status: Offline
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lol the money will be payed back within 6 months, the cash is also for other things aswell as im getting the respray cheap
if i wanted my car standard i wouldnt have bought the kit thats on it
i dont have the combat kit anymore btw
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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When ever I sell anything on eBay, and the eBayer uses a debit card/credit card, it charges the sellers eBay account for it, like a certain %. If they use funds already in their PayPal, it doesn't.
One way it might work in terms of a purchase, is setting up a fake Buy It Now auction for something, and buy it yourself. You lose the % fee for using PayPal as a seller, but then you can transfer everything.
But don't do it, you will regret it 
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Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
User status: Offline
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quote:
Originally posted by swedge
paypal has no charges for sending or reciveing money
Yes it does. You get charged for receiving, then also charged again for transferring it to your bank. They also take off further % charges if it's a card payment.
I love it when people ask for advice then start telling others their wrong.
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Steve
Premium Member
Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
User status: Offline
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paypal charge
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Twiggy
Member
Registered: 15th Oct 04
User status: Offline
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Get a MBNA/VIRGIN credit card we are one of a few who transfer cash into bank accounts on the promo rate.... i.e. 0%... normal fee is 3%
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