![]() Take the time to run the numbers before moving forward with a transaction. In either case, the goal is for your credit card rewards to outweigh the PayPal fees. In some cases, sending money via PayPal to someone else might help you hit the required spend. If you’ve recently opened a credit card with an attractive welcome bonus, you might have to hit a certain amount of spending. For example, if your credit card offers 5% back on your Paypal spending, then you’ll beat the 2.9% fee. Otherwise, you’ll still lose money to PayPal fees. But the rewards must amount to greater than 2.9% of your transaction. If you have a rewards credit card in your wallet, the rewards you earn might outweigh the PayPal fees. But in some situations, you might still come out ahead: The transaction fees tied to using a credit card to send money on PayPal can add up. When using a credit card for a PayPal transaction can make sense Instead, consider a different payment method to keep your costs down. If you determine that the PayPal fee is too steep, you don’t have to follow through with the transaction. Before you press send, you should see a summary of the transaction, which includes the PayPal fee. ![]() You can select the credit card from your payment methods.Īs you set up the transaction, keep the fees in mind. Pay with a credit card: When it’s time to send money, start by entering the amount you want to send and the recipient.Carefully review these details before agreeing to the terms and conditions and sending the information to PayPal. Before finalizing this addition to your wallet, you’ll need to confirm the details. Details may include your name, address, and email. If you add a card by logging into your bank account, your bank will ask you to confirm details before sending it to PayPal. ![]() You must manually enter the details of your credit card (PayPal also gives you an option to scan your card) or log in to your credit card account to add it to your wallet. If you don’t already have a PayPal account, you’ll need to create one before sending money. If you want to send money using a credit card on PayPal, here’s how to do it: How to use a credit card to send money on PayPal Perhaps, for instance, you have an important bill due, but don’t yet have the funds to pay for it.īut for many, the transaction fees tied to credit cards make sending the funds from your PayPal balance or bank account a more attractive option. For example, if you want to send $500 through PayPal using a credit card, the transaction would cost $14.50.Įveryone has to decide whether or not the fees are a dealbreaker for their unique situation. While you can send money through the platform with $0 transaction fees to friends and family from your bank or PayPal balance, you’ll pay 2.9% per transaction when you use your credit card. PayPal offers the option to send money using a credit card. Should you use a credit card to send money on PayPal? However, PayPal attaches fees when you use your credit card, which can add up quickly. You can send money from your bank or PayPal balance, or use a credit card to fund your PayPal transactions.Ī credit card might be a convenient source of funds for your next PayPal transaction. For a complete listing of PayPal market codes, please access our Market Code Table.PayPal offers a handy way to send and receive money among family and friends. Market Code Table: We may refer to two-letter market codes throughout our fee pages. For a listing of our groupings, please access our Market/Region Grouping Table. Certain markets are grouped together when calculating international transaction rates. International: A transaction occurring when the sender and receiver are registered with or identified by PayPal as residents of different markets. Domestic: A transaction occurring when both the sender and receiver are registered with or identified by PayPal as residents of the same market. To the extent there is any inconsistency between this page, and the CFSGPDS, the latter will prevail. All information regarding fees for Australian customers is available in our Combined Financial Services Guide and Product Disclosure Statement (CFSGPDS). You can also view these changes by clicking ‘Legal’ at the bottom of any web-page and then selecting ‘Policy Updates’. You can find details about changes to our rates and fees and when they will apply on our Policy Updates Page. Download printable PDF Last Updated: 01, January 2023
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