It also employs several other measures to keep accounts secure, including two-factor logins, end-to-end encryption, and email confirmation for transactions. PayPal adds an extra layer of protection by ensuring that your sensitive data is never exposed. When you pay using your credit or debit cards, your financial information can leak, risking your security. It lets you make payments from your bank account without typing the card details you need to save your PayPal login credentials. You can find PayPal support on thousands of websites that don’t accept other digital payment services. Even small retailers today offer this payment option for the convenience of shopping without credit cards. The fifth most widely accepted payment method alongside American Express, Mastercard, and Visa, PayPal is available at most stores on the internet. If a seller can prove that he has sent an item and the buyer does not acknowledge it, the seller can keep the payment. Sellers can also stay protected when using PayPal to get paid. Such a feature is particularly useful when shopping on eBay as there is no guarantee on the platform. PayPal offers buyer protection to ensure shoppers get a refund if they experience trouble when buying products online. Let us look at why PayPal makes the best choice for buyers and sellers. If you are a Discover or Chase cardholder, PayPal makes it especially easy to spend the rewards you've earned.Though several online payment systems are available these days, PayPal offers some benefits that set it apart from others. Using a credit card with your PayPal account can be an easy way to earn extra rewards on the purchases you're already making, especially if you're a Citi, Chase or Discover cardholder. PayPal offers its own purchase protection on items that don't arrive or aren't as described and the credit cards paired with the account may offer their own protections. PayPal uses industry-standard security and encryption and doesn't share your credit card or banking information with payment recipients. PayPal has been around since 2002 and is generally safe to use, especially if you are using PayPal to pay for goods and services. Payments through PayPal could even make you money if you're using a card whose bonus is larger than the fee you'd pay to PayPal. Payments made through PayPal aren't considered cash advances, so you shouldn't expect a fee or cash advance APR on the transaction from your bank. Is using your credit card on PayPal a cash advance? PayPal charges a 2.9% fee plus 30 cents for the service. You can use your PayPal-linked credit card to send money to family and friends. They're treated like retail transactions and shouldn't incur additional bank fees. PayPal doesn't charge a fee on credit card payments for goods and services, but it charges a 2.9% fee on money sent to friends or family members. Does PayPal or my bank charge a fee for using a credit card? Points can be redeemed for gift cards, travel vouchers and cash back. Other purchases earn 1 point per dollar spent. The PayPal Extras Mastercard awards 3 points per dollar spent at gas stations and restaurants, and 2 points per dollar on PayPal and Ebay purchases. (Photo by John Gribben for The Points Guy) Typically, non-bonus categories earn 1% cash back with the Chase Freedom card. Last year, it made PayPal one of those categories. Like the Discover it Cash Back card, the Chase Freedom card (No longer open to new applicants) offers 5% cash back in select rotating quarterly bonus categories (on the first $1,500 in purchases each quarter you activate). Related reading: Discover adds extra 5% cash back categories at PayPal, Target and Walmart Issuers like Chase, Citibank and Discover have offered bonus rewards promotions on PayPal payments in the past year.ĭiscover made PayPal a 5% cash back category for Discover it Cash Back holders from June through September in 2019. Sometimes you'll be able to earn more by using your credit card in conjunction with PayPal. Any Visa, Mastercard, Discover or American Express card with a registered billing address can be used with PayPal. PayPal users can add multiple cards to their accounts, making it easy to rack up rewards from a number of programs at once. Several major retailers accept PayPal payments in-store and online including, Best Buy, Bed Bath & Beyond, Etsy, Brookstone, Home Depot and IKEA. You'll earn rewards as you would with any other purchase. Just link your card to your PayPal account at the website and select the card when making payments. Using your credit card to earn rewards with PayPal is easy. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)
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