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PayPal question

post #1 of 6
1/31/08 at 12:04pm
Thread Starter 
Hi,

I usually keep some funds on my PayPal account but stareted to wonder why I do this really...I

s there any advantage to transfer money to my PayPal account and from my bankaccount and keep funds there rather than using PayPal for direct credit card payment? Is there a difference in fees?

Thanks!

/TKL
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post #2 of 6
1/31/08 at 12:10pm
No real need, if anything purchases via existing balance might be a bit quicker. Direct from bank has a 5-10 day lag, for that reason I just have purchases billed directly to my credit card.
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post #3 of 6
1/31/08 at 12:31pm
I used to keep a balance in my Paypal account, but stopped doing this about a year ago. I make all my purchases via credit card now. Why? The protection my credit card offers from fraudulent sellers, defective items, etc... is much better than what you get with Paypal alone.
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post #4 of 6
1/31/08 at 2:22pm
Does Paypal's profit get lowered if you use a credit card as the funding source? As in , Paypal having to pay the CC company the regular fees.

It would explain why Paypal automatically sets your bank account as the funding source when you get verified. Also, when you choose to fund with a credit card anyway you get another screen that tries to talk you out of it.
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post #5 of 6
1/31/08 at 2:32pm
Good outline of the fees here: https://www.paypal.com/us/cgi-bin/we...y-fees-outside
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post #6 of 6
1/31/08 at 4:12pm
Some paypal accounts are a money market account earning like 4.5% or so on the balances - but I never leave any money there - why risk an issue;
Also, only pay off your credit card to protect from fradulent sellers and the like (paypal ONLY protects if you made the purchase on ebay).
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