Question
Ideally, I'd like to use my chase plat visa card, no affinity, to pay for a successful bid on an e bay auction.
Does Chase treat this as a purchase or as a cash advance? Will I get hit with ane fees, intrest charges?
Thanks to all
[This message has been edited by writetorich (edited 03-10-2003).]
Answer
When you send money with Paypal, you specify whether the funds are for auction; non-auction goods; services; or quasi-cash.
My understanding is that if you select any of the first 3 options, it will post as a purchase to any credit card. If you elect quasi-cash, it will probably post as an advance (tho this varies by card issuer).
Answer
Originally posted by swag:
When you send money with Paypal, you specify whether the funds are for auction; non-auction goods; services; or quasi-cash.
Just to clarify (for anyone not very familiar with the various ways of starting a Paypal payment process): If you use a "Pay Now" button on eBay, or the AuctionFinder feature's "Pay" button on Paypal itself, you don't get the choice: It automatically knows it's for an auction.
Btw, you have to select Credit Card as the payment type EVERY time you make a payment on Paypal (they won't let you default to that), and be careful, the page on which you do that is different depending on whether you entered via a "Pay Now" button on eBay or via Paypal's AuctionFinder! I mostly use AuctionFinder, but once recently because it was handy I used "Pay Now" and accidentally paid from my checking account because I was thinking I'd have one more screen; luckily it was a small amount.
[This message has been edited by Stefan Daystrom (edited 03-16-2003).]
Answer
Originally posted by Stefan Daystrom:
Btw, you have to select Credit Card as the payment type EVERY time you make a payment on Paypal (they won't let you default to that), and be careful, the page on which you do that is different depending on whether you entered via a "Pay Now" button on eBay or via Paypal's AuctionFinder! I mostly use AuctionFinder, but once recently because it was handy I used "Pay Now" and accidentally paid from my checking account because I was thinking I'd have one more screen; luckily it was a small amount.
That's one of the reasons why PayPal is evil. They try to scam the unsuspecting consumer into using a checking account so they (PayPal) can collect their 3% gouge fee from the seller. (I understand them charging 3% for credit expensive credit card processing, but for them to charge the same fee for checking account transfers is a pure greedy gouge.)
Answer
Why did you guys give PayPal your checking account number in the first palce?
Answer
Originally posted by xyzzy:
Why did you guys give PayPal your checking account number in the first palce?
You apparently haven't used PayPal? Your PayPal account HAS to be linked to a checking account. For one reason, that's the only place that money you receive can go. Second, they use that as a means of verifying you (when you sign up, they deposit two different miniscule amounts of money into your checking account and you have to tell them exactly what those two amounts were to complete your verification process).
Btw, what I said above was simplified. The fuller story: PayPal's #1 preference is that you pay from your PayPal Balance (which earns a money market kind of interest rate). If you don't change your payment type to credit card for a specific transaction, it comes from your PayPal Balance if there's enough, and only comes from your checking account if there's not enough in your PayPal Balance. But since you CAN'T pay by credit card if there's enough in your PayPal Balance (the option isn't offered!), those of us who want to pay by credit card have to take care to keep that PayPal Balance at $0.00 (by moving any amount that comes in there to our checking accounts as soon as it comes in, before the next credit card purchase we want to make).
A lot of trickery to figure out, but there's really no alternative any more if you want to pay by Credit Card (now that PayPal has merged with eBay and so eBay has gotten rid of BillPoint, which never was THAT much of an alternative anyway since comparatively few sellers ever took BillPoint). Of many hundreds of seller's whose items I've looked at, I've only found one who took C2IT, a few in Europe who too NoChex or something like that, and a handful who take Visa/MC directly (through a store website they operate outside of eBay) plus one in Europe which took credit cards (even Diners!) through a third-party bank-operated website of some sort.