Money from CC into bank account? UD 23

Heavenly Jumper · 09-30-2008, 05:57 PM

I have a saddle I am buying through paypal. Not ebay though. The seller refunded my $ saying -

Quote:

Would it be possible to send a funded payment from a bank account(not debit
or credit card)? If we accept a credit/debit card payment Paypal wants to
skim off $15.00 and will only let us take four more credit/debit card
payments this year.

Anyone know if I can use my CC to put the $ in my bank account and then use the paypal from there?

This is a hassle...*smacks forehead*

Shotgun93 · 09-30-2008, 06:11 PM

So you basically want to take a cash loan out on your credit card? Then take that money and put it into your bank account?

Yes, you can, but you wll have to pay interest. And, depending on your credit card, it raise your interest rates. I wouldn't do it, cash advances on a cc can get pricey.

TrailBlazer · 09-30-2008, 06:11 PM

You can probably do it in person but maybe not online. At least that is the way my account is set up.
You can set up payPal with a bank account, but in looking at that note it looks like they want to avoid PayPal.

Heavenly Jumper · 09-30-2008, 06:13 PM

It's just that I have money for it, but not all at once like the buyer wants. It's like they want cash through paypal instead of credit. Make sense?

I hate money.

I don't know why someone would make such a big deal out of accepting credit through paypal, they will get their $ no matter what. *sigh*

IkesLittleHope · 09-30-2008, 06:13 PM

You can get cash into your checking account using your credit card, but the card will charge you a fee for it (a percentage of the amount you deposit). Call the credit card company to see if they had any promotions going before doing it. Sometimes they may be running a promotion for a very low interest transfer.

TrailBlazer · 09-30-2008, 06:15 PM

IMO they should update the account witth Paypal.
I use PayPal to avoid what they are asking. Unless I am miss reading it.

Heavenly Jumper · 09-30-2008, 06:15 PM

It might just be easier to transfer some savings into checking rather than mess with the CC.

We try not to use our savings unless it's an emergency. Fining a 700$ saddle for 250 is kind of an emergency...right?!

TrailBlazer · 09-30-2008, 06:17 PM

aaaaah -- Yup

Quote:

Originally Posted by Heavenly Jumper

It might just be easier to transfer some savings into checking rather than mess with the CC.

We try not to use our savings unless it's an emergency. Fining a 700$ saddle for 250 is kind of an emergency...right?!

calypsoscarnivl · 09-30-2008, 06:17 PM

Why would they offer to let you pay through Paypal and then ask for a bank account payment as opposed to a cc payment? I'm certainly no expert, but I have bought many things through Paypal using a cc and no one has ever asked me to fund through my bank account instead.
Again, I'm no expert but it seems a little strange to me....

Heavenly Jumper · 09-30-2008, 06:19 PM

Quote:

Originally Posted by calypsoscarnivl

Why would they offer to let you pay through Paypal and then ask for a bank account payment as opposed to a cc payment? I'm certainly no expert, but I have bought many things through Paypal using a cc and no one has ever asked me to fund through my bank account instead.
Again, I'm no expert but it seems a little strange to me....

Same here. That's why I was kind of wondering what the deal was...how do they know the $ is a CC rather than my bank?

09-30-2008, 06:11 PM	#2
Shotgun93 Senior Moderator Join Date: Aug 2004 Location: Southwest SD Posts: 13,839 Images: 132	So you basically want to take a cash loan out on your credit card? Then take that money and put it into your bank account? Yes, you can, but you wll have to pay interest. And, depending on your credit card, it raise your interest rates. I wouldn't do it, cash advances on a cc can get pricey. __________________ In the quiet light of the stable, you hear a muffled snort, the stamp of a hoof, a friendly nicker. Gentle eyes inquire, "How was your day old friend?" and suddenly, all your troubles fade away. -Author Unknown

09-30-2008, 06:11 PM	#3
TrailBlazer Senior Member+ Join Date: Oct 2007 Location: Manitoba, Canada Posts: 764	You can probably do it in person but maybe not online. At least that is the way my account is set up. You can set up payPal with a bank account, but in looking at that note it looks like they want to avoid PayPal. __________________ All I pay my psychiatrist is cost of feed and hay, and She'll listen to me any day! I have been snowballed

09-30-2008, 06:13 PM	#4
Heavenly Jumper Senior Member+ Join Date: Jun 2005 Location: Yokosuka, Japan Posts: 15,467 Images: 1323 Blog Entries: 273	It's just that I have money for it, but not all at once like the buyer wants. It's like they want cash through paypal instead of credit. Make sense? I hate money. I don't know why someone would make such a big deal out of accepting credit through paypal, they will get their $ no matter what. sigh __________________ OMG I'm actually IN JAPAN! like, right now! .'~'. epi tan e epi tas .'~'. I've been SNOWBALLED X10!I have been NOEL’ed and Blessed In His Name

09-30-2008, 06:15 PM	#6
TrailBlazer Senior Member+ Join Date: Oct 2007 Location: Manitoba, Canada Posts: 764	IMO they should update the account witth Paypal. I use PayPal to avoid what they are asking. Unless I am miss reading it. __________________ All I pay my psychiatrist is cost of feed and hay, and She'll listen to me any day! I have been snowballed

09-30-2008, 06:15 PM	#7
Heavenly Jumper Senior Member+ Join Date: Jun 2005 Location: Yokosuka, Japan Posts: 15,467 Images: 1323 Blog Entries: 273	It might just be easier to transfer some savings into checking rather than mess with the CC. We try not to use our savings unless it's an emergency. Fining a 700$ saddle for 250 is kind of an emergency...right?! __________________ OMG I'm actually IN JAPAN! like, right now! .'~'. epi tan e epi tas .'~'. I've been SNOWBALLED X10!I have been NOEL’ed and Blessed In His Name

09-30-2008, 06:13 PM	#5
IkesLittleHope Full Member Join Date: Dec 2007 Location: Texas Posts: 260 Images: 104	You can get cash into your checking account using your credit card, but the card will charge you a fee for it (a percentage of the amount you deposit). Call the credit card company to see if they had any promotions going before doing it. Sometimes they may be running a promotion for a very low interest transfer.

09-30-2008, 06:17 PM	#9
calypsoscarnivl Senior Member Join Date: Aug 2008 Location: New England Posts: 435 Images: 5	Why would they offer to let you pay through Paypal and then ask for a bank account payment as opposed to a cc payment? I'm certainly no expert, but I have bought many things through Paypal using a cc and no one has ever asked me to fund through my bank account instead. Again, I'm no expert but it seems a little strange to me....

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Paypal through bank account	katylynn06	Off Topic	11	03-08-2007 09:55 AM
If married or living together do you have your own bank account?	morgangirl	Off Topic	24	06-08-2006 10:43 AM
Bank Account	Serendipity Zip	Off Topic	3	05-05-2006 04:22 PM

Money from CC into bank account? *UD 23*

Money from CC into bank account? UD 23