Paypal Question: No More Credit Card Payments??
grote15
Posts: 29,853 ✭✭✭✭✭
I am trying to complete a purchase via paypal and I no longer have an option to choose my credit card on file to send payment. I am only getting an option for instant transfer and a disclaimer that if there are insufficient funds for the transfer that the credit card will be utilized as a backup source for payment. What is this all about?? Anyone know?
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
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Dave
1957 Topps 99% 7.40 GPA
Hank Aaron Basic PSA 7-8(75%)
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
A rep will walk you through it!
PoppaJ
"additional funding source"
or
"other funding source."
<< <i>Do you have any money lingering in your paypal account (like a few bucks or so)? I've had it happen where I had $8.00 left in paypal that I got back as a refund and my new purchase forced me to use that and didn't give me an option to use my CC. >>
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Yup.
PayPal saves more than 50% of the fee sellers pay, if PP can talk the
buyer into using ANY payment method other than a credit-card.
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Most folks are unaware that you DO NOT need a PayPal account to
pay with a credit-card via the EBAY/PP platform.
You will need an EBAY buying account - not linked to a PP account. You can
use the platform for 10 payments; then, you will be "invited" to sign-up
for PP. (If you decline the "invitation," you can open another buying-account
and start over.)
That seems to have been the case, as I used up the balance I had in my account for a couple of other purchases, and when I went back in for the larger purchase with zero in my PP account, I was able to select the credit card option.
This must be a new policy, as I've been able in the past to partially fund a payment with a Paypal balance and then put the balance of the purchase in my CC.
Thanks everyone, appreciate the responses!
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
buyer into using ANY payment method other than a credit-card.
Above quote from storm.
I thought so. I used a credit card to pay for a purchase this afternoon, after refusing to use my bank account, and after the transaction paypal admonished me:
"Next time fund your payment with a bank account"
They did everything short of calling me a stupid jerk.
"Next time fund your payment with a bank account"
They did everything short of calling me a stupid jerk. ."
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Let's say - just for EZ-math - the fee that PayPal charged sellers was 2%.
If a buyer pays with an echeck or a PP balance, PP keeps all of the 2% fee.
If a buyer pays with a credit-card, PP must pay WFC about half of that 2% fee.
PP can save itself HUNDRED Of MILLIONS of DOLLARS a year, by pushing buyers
to NOT use credit-cards.
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PayPal is nothing but a lessor of its merchant account, which account is issued
by WFC. Sellers "rent" the use of the account by paying a fee.
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EBAY shares hit a new 5-year low, today. Dipped into the 12s; headed to $5.