Show
PayPal is a popular online payment system and payments app, and if you're new to using it, you might be wondering how to use a credit card on PayPal. The good news is you can easily use a credit card with PayPal. While you can link your bank account or a debit card to PayPal, you may prefer to use a credit card for some online purchases. Before making a payment, you'll need to link a credit card. Check out the information below to better understand how to use a credit card on PayPal. How to add a credit card to PayPalIf you haven't used a credit card on PayPal before, you'll need to first link a card to your PayPal account. Here's how to do this on the PayPal app and on the website. Adding a credit card on the PayPal app
Adding a credit card on the PayPal website
Once you do this, you'll be able to make payments with a credit card. You will see your newly linked card in your PayPal wallet and you can add more credit cards in the future. How to use a credit card on PaypalHere's how to use a credit card on PayPal to pay someone or to pay for goods and services. How to pay with a credit card on the PayPal appIf you're paying a person or sending money to someone for payment directly:
How to pay with a credit card on the PayPal websiteIf you're paying a person or sending money to someone for payment directly:
You can also use a credit card on PayPal when shopping online. When you're on a website that allows PayPal as the payment method, choose PayPal and log in to your account. You can then choose an existing credit card in your wallet or link a new credit card. Learn more: The Ascent's PayPal Review What to consider before you use a credit card on PayPalHere's what you need to know before you pay with your credit card. PayPal charges fees when using a credit cardBefore using a credit card on PayPal, you should know you'll be charged a fee for doing so. This isn't unusual. Other payment apps like Venmo also charge users when they make a payment with a credit card. But the fees can add up -- especially if you're making a larger purchase. PayPal charges 2.9% plus a fixed $0.30 fee when paying with a credit card for domestic purchases. Let's look at two examples to see how quickly those fees can add up:
Source: Author's calculations Paying with a credit card on PayPal is a convenient option, but just be sure to keep the fees in mind. Some cards may charge a cash advance feeSome cards may charge a cash advance fee for using a credit card on PayPal. More recently, some card issuers have updated their terms and conditions to note that person-to-person money transfers may code as a cash advance transaction, meaning that the card user will also be charged cash advance fees. Cash advance fees can be costly. Typically, they're 3% to 5%. While some credit card users may have PayPal transactions code as a cash advance, this isn't always the case. Check your card's terms and conditions or contact your card issuer to see if this is the case for your card. Will you earn credit card points?If you have a credit card that earns points, you may be able to earn credit card points when using a card on PayPal. This depends on the type of rewards card that you have. For example, if you have a card with rotating categories and PayPal is one of the current categories, you can earn points. Some cards with rotating categories do require you to opt in to be able to earn, so be sure to do that if you want to take advantage of that perk. If your card earns at a flat rate for purchases, you can also earn points. But if your card only earns points on travel purchases or other categories that exclude PayPal, you likely won't earn points on your purchase. If you'll earn enough rewards that carry a value higher than the fees you'll be charged, it may be worth considering using a credit card to make a payment on PayPal. Should you use a credit card on PayPal?It depends on your purchase and your credit card. To help decide if you should use a credit card on PayPal, consider these factors:
The bottom lineIt's possible to use a credit card on PayPal, and now you know the basics of how to do it. But before you use a card for your purchase, make sure you understand what fees you may be charged. It might make more sense to link your bank account to your PayPal account to avoid extra fees. By doing this, PayPal will transfer money from your bank account to make the payment, and you might save some money. FAQs
Is PayPal Credit a bad idea?Yes. The PayPal Credit Card is worth it because it has a $0 annual fee and good rewards. It will not be worth it if you do not pay the bill in full every month, however, due to the card’s high interest rate.
Can I pay someone through PayPal with a credit card?When you initiate a PayPal transaction, you verify your account, and then the transfer is usually complete within one business day. You can use a debit or credit card, as well as your PayPal balance or a bank account to send money to friends or family. You can also send money internationally in more than 100 currencies.
Is PayPal credit worth it?You are better off using a credit card if you have a problem with the retailer. Paypal is not really helpful in a dispute. This serves a purpose but does not offer the same protections that using a credit card offers. 1) the biggest issue is they hold payments of greater than $200 for up to 15 days.
How do you get PayPal to accept debit card?Part 2 of 3: Signing Up for a Debit Card Download Article
Can I use PayPal Credit on Amazon?No, but there are workarounds that allow you to use your PayPal account to pay for Amazon purchases. There are also workarounds that allow you to use PayPal Credit on Amazon—all you have to do is buy Amazon gift cards at a retailer that accepts PayPal Credit, then use those gift cards the next time you shop at Amazon.
What is PayPal Credit and where can I use it?PayPal Credit is an open end (revolving) credit card account that provides a reusable credit line built into your account with PayPal. It gives you the flexibility to pay for your purchases later. You can use PayPal Credit just about anywhere PayPal is accepted online.
Can I use PayPal card in stores?If you're a customer looking for stores that accept PayPal, you can use PayPal cards anywhere that Mastercard is accepted, and the PayPal wallet/app anywhere that Discover contactless payments are accepted.
Can you use PayPal Credit at Walmart?Go contactless by adding your PayPal account to your Walmart Wallet and paying for your in-store purchases with your smartphone. Shop online at Walmart.com using PayPal Credit, PayPal's buy now, pay later program, or just your standard PayPal account.
|