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[ILUG] [Completely OT] Paypal and Credit Cards

[ILUG] [Completely OT] Paypal and Credit Cards

Niall O Broin niall at linux.ie
Sat Jun 25 21:09:14 IST 2005


If you use your CC to add funds to your Paypal account, does that count 
as a CC purchase or CC cash withdrawal? I ask because I just noticed, 
on looking at my Paypal A/C, that withdrawals from it to an Irish bank 
of > 100 EUR are free of charge. If adding funds to your Paypal account 
counts as a CC purchase then doing that, and immediately withdrawing 
the money from Paypal, would provide a means of getting cash from your 
CC account without paying a cash withdrawal charge, and would also let 
you take advantage of the CC interest free period (which doesn't apply 
to cash withdrawals).

You're hardly going to go wild on the interest saved, but it is 
interesting to encounter a possible way to get ahead of the game with 
financial institutions.

You could of course use the money so withdrawn to buy the latest 
packaged Linux distro, this dragging this email kicking and screaming 
on topic, if only in the vaguest sense.

Kindest regards,



Niall  O Broin
System Administrator

MAKALUMEDIA INTERNET & ENGINEERING SERVICES GMBH
niall at makalumedia.com | www.makalumedia.com
Robert-Bosch Strasse 7, 64293 Darmstadt, Germany
Tel: +49 6151 872 4600, Fax:  +49 6151 872 4619




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