PayPal and Cash Advance

wayfastwhitie on 27/11/2018 - 17:41

Im wanting to cashout some money from my credit card but would like to avoid the high interest rates attached to that. If I attach my credit card to my paypal account and transfer a payment to a mate and he will give me the cash.

My question will the credit card see this as a normal transaction and revert to the usual 55 days interest free period, and what would the paypal fees be with a transaction like this.

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Comments

  • Quantumcat on 27/11/2018 - 17:44

    I think it's 30c plus 2.5%

  • wayfastwhitie on 27/11/2018 - 19:57

    would the credit see it as a normal purchase or see it as a cash advance?

    • John Kimble on 27/11/2018 - 21:42

      You could do a small test transaction and find out.

  • salmon123 on 28/11/2018 - 11:11
    +2

    Or your friend could list an item on ebay (during a no-final value fee promotion) and you could buy it via paypal.

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