SaleHoo

[TripleG]

Hello,

I was wondering how this works do they charge me if I take money out an ATM besides the 2.50 the ATM charges?Do they charge me if I buy something online or in the store with it? Basicly what are the fees for having a Debit Card with Paypal.

[haus1028]

I have a couple questions on this myself.

I see that paypal charges to transfer funds to paypal card, but should'nt the money in my paypal account already be on my paypal card? or am I not understanding it.

[uofaguy0507]

If you have a PayPal debit card already, you use the funds that are in your account already. They do not charge a fee to "Put" the money on your card as your card is derectly linked to your PayPal Account. All of their fees about the PayPal debit card can be found on their site at:
** Link Removed: Only Available to Registered Members**

*sorry about the long link, but there it is.

NOTE: Please be Careful about the PayPal debit Card, as the following has happened to me.

* I sold an item for $679 of which about $624 was deposited into my paypal account (after fees). So I went about spending my money. Well, Paypal thought it looked "Suspicious" and froze my account and took the money out. I had a (-)300 Balance on my card. They made me verify every bit of information Including supplier of the item I sold on ebay. It took about 2 1/2 weeks to sort out. So PLEASE BE CAREFUL, they may put the money in your account, but they can also take it out and freeze it for any reason they see fit :(

[jimmy_salehoo]

Ive never been charged to transfers fund from my bank account but I have been charged transfering funds from 1 paypal account to another. We have 3 paypal accounts so sometimes we transfer the funds from 1 to the other to pay for large purchases. I honestly think thats unfair considering the fact thier all registered under the same name. But I dont write thier policy. If I did everything would be free lol :D

[haus1028]

I don't have a card yet but I may get one. This is what I want it for and maybe you can tell me if it would be good for this.

My supplier doesn't take paypal, I order through email, and I didn't want to have to wait 2-3 days for money to transfer form paypal to checking account. I do have 30 days to pay but that's a good way to rack up a high bill. I would rather pay for each order when I recieve payment from customer.

Would a paypal card be good for this?

[5678gil]

Paypal was using the attached bank account as a overdraft like system for the paypal acct, not sure if they are still doing this though. You would probably have to as them about this, I think using the paypal acct to purchase items is a great idea, as long as you keep the money in there to cover the items, it would also allow you to know what the profit was and keep track of all income and expenses of the online business.

[TripleG]

If I get the card I will be able to pay my supplier with it correct as long as he accepts credit cards

[jimmy_salehoo]

Yes all paypal cards use the mastercard logo.

[TripleG]

About this where do I get the expanded # to complete step#2 it says it comes out in my bank account I called the bank and they have no idea what Im talking about????

WHAT DO I DO

[haus1028]

Paypal takes a dollar or some small amount out of your account and on your transaction statement there will be a number before the word paypal.

[TripleG]

Haus1028:
How you been,
So where do I get the # from paypal itself cause I have checked and paypal hasnt taken away any money it says it will take 2 dollars and then it will send it to me something like that. Did you already got your?? Mind helping me out I need that card a lot for shipping please let me know man thanks a lot and have a nice day

Mind giving me your opinions on my auctions those are the cards I told you about a while back
** Link Removed: Only Available to Registered Members**

[TripleG]

Okay I got the expanded use# finally now I was going over the terms and what exactly does this mean all of this worries me that I will be charge when ever I use the debit card to pay something in the store anybody that has the card already do you get charge any fees or % over purcheses please let me know thanks alot

THE KEY CREDIT TERMS
PAYPAL PLUS CREDIT CARD
Annual Percentage Rate (APR) for Purchases 14.24% 17.24% 20.24% 23.24%

Delinquency Rate* 32.24%
Cash APR 26.24%
Variable Rate Information The Annual Percentage Rate for Purchases may vary and will equal the prime rate plus (i) 5.99%, but not less than 12.24% for Account Type 1; (ii) 8.99%, but not less than 15.24% for Account Type 2; (iii) 11.99%, but not less than 18.24% for Account Type 3; or (iv) 14.99%, but not less than 21.24% for Account Type 4. The Annual Percentage Rate for Cash Advances may vary and will equal the prime rate plus 17.99%, but not less than 20.99%. The Delinquency Rate may vary and will equal the prime rate plus 23.99%, but not less than 26.99%.
The "prime rate" for a billing period is the highest bank prime loan rate as published in The Wall Street Journal in its Money Rates section on any business day of the three calendar months preceding the first day of the billing period.
Grace Period for Repayment of
the Balance for Purchases 25 days, if there is no previous balance or balance is paid in full, otherwise none.
Method of Computing the
Balance for Purchases Average Daily Balance (including New Purchases)
Minimum Finance Charge $1.50 USD
Transaction Fee for Convenience
Checks or Cash Advances The greater of $5.00 USD or 3.0% of the amount of the Convenience Check or Cash Advance
Transaction Fee for Balance Transfers The greater of $5.00 USD or 3.0% of the amount of the Balance Transfer, but no more than $75.00 USD
Foreign Transaction Fee 3.0% of the Transaction

Late Payment Fee: The Late Payment Fee will be $19.00 USD for a Balance of $200.00 USD or under and $39.00 USD for a Balance over $200.00 USD. (Balance means Previous Balance on the statement that shows the Late Fee.)

THE KEY CREDIT TERMS
PAYPAL BUYER CREDIT
Annual Percentage Rate (APR) for Purchases 23.75%
Delinquency Rate* 27.75%
Variable Rate Information Your Annual Percentage Rate for Advances may vary and will be equal to (i) the highest bank prime loan rate ("Prime Rate") as published in The Wall Street Journal in its Money Rates section on the last business day of the calendar month preceding the first day of the billing period plus (ii) 15.5%, but in no event less than 20.8%. The Delinquency Rate may vary and will be equal to the Prime Rate plus 19.5%, but in no event less than 24.75%.
Grace Period for Repayment of
the Balance for Purchases 26 days, if previous balance is zero or balance is paid in full, otherwise none.
Method of Computing the
Balance for Purchases Average Daily Balance (including New Advances)
Minimum Finance Charge $1.00 USD
Transaction Fee for Convenience
Checks or Cash Advances Not Applicable
Transaction Fee for Balance Transfers Not Applicable
Foreign Transaction Fee Not Applicable


Late Payment Fee:$20.00 USD for a balance of $50.00 USD-$99.99 USD; $25.00 USD for a balance of $100.00 USDâ$299.99 USD; $29.00 USD for a balance of $300.00 USDâ$999.99 USD; $35.00 USD for a balance of $1,000.00 USD or above. However, if your delinquent Minimum Payment was calculated on a New Balance of less than $50.00 USD, the Late Payment Fee we may impose will not exceed $15.00 USD.

[jimmy_salehoo]

I use my debit card all the time at stores, pawn shops , gas stations and more. I never get charged for buying. If I go over then paypal automatically withdraws the amount needed from my personal bank account. I havent incurred any fees other then seller fees

[smwelch1]

I have had mine since it became available 1999 or 2000. I love the debit card because of it's convenience. The other feature I love is the cash back bonus. not sure how much it is but I save a little bit on every purchase I make with the debit card. (example when I pay my health insurance of $167, I get back around $4) and it's added back to my account as soon as the debit "completes". So I save when I pay for my health insurance, purchase items for resale, buy gas, groceries or other items. The cash back doesn't work for items paid with paypal, only items paid using the debit card. So if you don't have the debit card yet, it's well worth the time to get!
Suzanne

[jm0963]

Looking at they key terms of the Paypal card it seems they are muggin you on 1) the percentage rate they are charging you is extremely high, especially since now getting a card for 0% for a term is everywhere 2) the fact they charge your fees to move money within their own system 3) Charge fees when you transact from one paypal account to another. 4) They have the ability to add and deduct at-will in your account. 5) you don't have the access to meet with, like your local bank, to discuss matters of your account. :roll:

SO what benefit does a payal card have? Please don't say thier safety and buyer protection bc I think we all know it's a complete crap shoot with them.
:cry:

It would seem to me that payapl actually double charges you and sometimes triple charges you. Just follow me for a minute:

You list an item and the buyer pays $100 via paypal: you are charged a fee (i.e 2.90)
You use that money ($97.10) to buy from another paypal customer: They are charged a fee. ($2.82)

You list that item and the buyer pays via paypal: you are charged a fee.($2.74)

You visit the ATM for $50 and a celebration of the sale: You are charged for an ATM transaction and yes, another paypal fee. (atm fee $2.00 pp fee $2.35) = $4.35

After the celebration, you transfer money ($50) to another paypal account you already have linked to your bank: Charged a fee again. ($1.45)

Add it up. for $100 you spent ~ $14 in fees from paypal. 14%