Reasons You Shouldn’t Use a Paypal Credit Account But even if you are, remember that missing a payment or two of your PayPal credit payments won’t hurt your credit rating like missing a credit card payment would. In addition to this, you can quickly make payments so you can stay on time and never be late with a credit payment. Your account may be near zero, but since you have money coming in, there’s no reason you shouldn’t be able to use your account to buy something using your PayPal account. Buying Things While Waiting For a Payment Unfortunately whether you transfer money from your bank account to PayPal, or someone has paid you via PayPal, it takes a few days for the money to come in. PayPal credit works like a safety buffer for your PayPal account. There are a few reasons this is better than getting a PayPal credit card (or any other credit card). Pay at least the minimum monthly payments to avoid interest charges.Anything you buy over $99, you won’t pay any interest if you pay it off within 6 months.There are a couple of things to keep in mind to reduce the amount of fees and interest you end up paying for your purchases. If you want to use your PayPal credit for all of your purchases, you’ll need to set it up as your preferred payment option in your PayPal account. Whenever you buy from a merchant that accepts Paypal payments, like eBay, you’ll see PayPal credit listed as a payment option.Ĭhoosing the PayPal credit option processes the payment will process just like you were paying using your regular PayPal account. Whenever you purchase anything anywhere that accepts PayPal, you’ll see your new PayPal credit account as an option for payment. Once approved, the line of credit will get linked to your PayPal account.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |