paypal fees

[Ochaye]

there appears to be a difference of opinion when it comes to paypal "GIFT" payments.....what is the latest?

does the sender or the receiver have a fee to pay? is there a fee at all with gifts?

all my PP payments are done with my debit card

[shobet]

I wouldn't touch PayPal without using a credit card. If you get shafted on something an PayPal are as useless as usual, then at least with a credit card you have some protection as you can make a claim against your credit card provider and then getting money out of PayPal is their problem.

[Ochaye]

credit cards and debit cards ...are two different things,yeah?

i have been using my debit cards for les pauls and fenders for years with no probs,mostly ebay

[juansolo]

If you gift someone wonga you pay the fees and you have no comeback. So only gift people you know.

[Alex]

credit cards and debit cards ...are two different things,yeah?

i have been using my debit cards for les pauls and fenders for years with no probs,mostly ebay

Debit cards - your money goes out of your account right away

Credit cards - the bank's pays it first and then bills you for it; it's not your money at first, but you get billed for it eventually.

On the internet I was advised by my broker to use credit cards, because the risk is more on the bank's side. However, I feel that in reality it is pretty much the same. Depending on your type of bank account, you might have fraud protection/insurance.

[dave_mc]

^ legally, though, it's not the same.

I'd rather rely on the law than on the charitable (!) banks

i wouldn't use a debit card online. that's just me. CC or nothing.

EDIT: i'd also be very wary of circumventing PayPal's rules if it leaves you with less protection. yes, they're a rip designed to maximise their profits, but if you have no comeback if something goes wrong what little you'll save will probably be scant consolation.

[Frank]

Like juansolo says, gift payments can't be refunded, legitimate purchases can.

Just on the subject of online credit card use, I've been a victim of ID theft in the past. Now I have a prepaid Mastercard that I use for anything online, costs a lot in additional charges but there's no way I'll get £8000 of surprise debt in my name when someone nicks it.

[DoomBuggi]

Seems like this thread is in the wrong category.