Using credit card via Paypal

Discussion in 'PayPal' started by Nick_Mayhem, Mar 7, 2012.

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  1. #1
    Hello,

    I am not that much sure if it is all about paypal but I am having an issue with the new rules of paypal not allowing me to use the balance but just charging my CC everytime I am making an online purchase.

    The thing is... I have a credit card with a limit of 45000 INR which is attached to my paypal.

    Now I wanted to buy some servers and stuff this month. Which will easily cost me 30,000 INR.

    I will also need to buy domain renewals and pay my other expenses via this same paypal.

    So my question is that If I purchase 30,000 servers and then pay up my credit card bill. Will my credit card show 45,000 total credit limit available. Or will it just show 15,000 remaining until my next bill has not arrived and the billing date is not reached.

    Idea is to spend more then 45,000 on a 45,000 credit card but by paying up whatever I spend within 1 day of transaction.

    I have SBI Card.

    Thanks.
     
    Nick_Mayhem, Mar 7, 2012 IP
  2. teper

    teper Active Member

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    #2
    If you pay within one day that you limit will be replenished as soon as you make the payment
    But you cannot spend more they 45000 in one go.If you do so than their will over limit fees and it will also hurt your credit rating
     
    teper, Mar 8, 2012 IP
  3. skooda

    skooda Greenhorn

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    #3
    Yes paypal suck I personally recomend 2checkout
     
    skooda, Mar 8, 2012 IP
  4. Nick_Mayhem

    Nick_Mayhem Notable Member

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    #4
    Thanks a lot.

    I will try it out today and post results. Maybe someone else would also benefit from it in future.
     
    Nick_Mayhem, Mar 8, 2012 IP
  5. Nick_Mayhem

    Nick_Mayhem Notable Member

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    #5
    Okay yes.

    It does works.

    I tried it and don't know about other banks but the SBI one works. I paid little bit more then my transaction and It is showing my credit limit 46,000 instead of 45,000 when I tried to see it online.

    A good way to spend more then the credit card limit assigned to you.

    Thanks.
     
    Nick_Mayhem, Mar 10, 2012 IP
  6. Card

    Card Well-Known Member

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    #6
    If you used cc limit and pay cc bill immediately,then your cc limit will be cleared :)
     
    Card, Mar 15, 2012 IP
  7. Ansis

    Ansis Peon

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    #7
    Well, when you receive your own Paypal credit card, then the default for paying for eBay items becomes your Paypal credit card. No more trouble trying to replenish your Paypal balance when an invoice is owing. No more hassles with high-fee cash advances from your credit card. And, you will get a statement itemizing your Paypal credit card expenditures, great for tax purposes. I personally like this option.
     
    Ansis, Mar 16, 2012 IP