Paypal goes on credit card so do you get credit card benefits?

Leonard · May 17, 2005

Just about to buy something from the states and the shop would prefer paypal to credit card.

I would rather pay by credit card as you obviously get insurance on items bought with your card.

Now because Paypal payments come straight off my credit card do I still get these benefits

Thanks

Matt

vikingboy · May 17, 2005

probably not, although check small print.
Your credit card would pay paypal who arent selling a product, just providing means of currency exchange/transfer.

I'd also watch out for currency exchange rates which can suck. Cheaper to do bank transfer of funds (xe.net offer service for zero commision on real time FOREX(?) rates) but obviously wouldnt have protection either.

Leonard · May 17, 2005

vikingboy said:
I'd also watch out for currency exchange rates which can suck. Cheaper to do bank transfer of funds (xe.net offer service for zero commision on real time FOREX(?) rates) but obviously wouldnt have protection either.

Will the exchange rates not be as they are on the day of paypal payment????

chockymonster · May 17, 2005

Leonard said:
Will the exchange rates not be as they are on the day of paypal payment????

No, paypal offer really low exchange rates so they can cream more money from you.

Your payment to paypal would be protected by your card so if paypal won't refund your money just call your credit card company. Paypal get really upset about it but can't do alot

Leonard · May 17, 2005

chockymonster said:
No, paypal offer really low exchange rates so they can cream more money from you.

Your payment to paypal would be protected by your card so if paypal won't refund your money just call your credit card company. Paypal get really upset about it but can't do alot

Nice like the sound of that, when you say low you mean good yes???? Well for the buyer anyway

Makes · May 17, 2005

Leonard said:
Just about to buy something from the states and the shop would prefer paypal to credit card.

I would rather pay by credit card as you obviously get insurance on items bought with your card.

Now because Paypal payments come straight off my credit card do I still get these benefits

Thanks

Matt

What are you buying ..... sex aids

Leonard · May 17, 2005

Re: Re: Paypal goes on credit card so do you get credit card benefits?

Makes said:
What are you buying ..... sex aids

No I wouldnt say its an aid

Its actually a chastity belt for your long suffering Andy

Makes · May 17, 2005

Re: Re: Re: Paypal goes on credit card so do you get credit card benefits?

Leonard said:
No I wouldnt say its an aid Its actually a chastity belt for your long suffering Andy

:moon:

I told him and he said to thank you

chockymonster · May 17, 2005

Leonard said:
Nice like the sound of that, when you say low you mean good yes???? Well for the buyer anyway

No, as in bad. Eg, if the forex rate was 1.96 dollars to the pound paypal would offer 1.87 or something similar making the item more expensive for you to buy.

Leonard · May 17, 2005

Re: Re: Re: Re: Paypal goes on credit card so do you get credit card benefits?

Makes said:
[BI told him and he said to thank you [/B]

:crackup:

Sorry luv you know I dont mean it, cant speak for Andy though

Leonard · May 17, 2005

chockymonster said:
No, as in bad. Eg, if the forex rate was 1.96 dollars to the pound paypal would offer 1.87 or something similar making the item more expensive for you to buy.

Oh dear I dont know what to do now

Work out the difference I suppose and take it from there

vikingboy · May 17, 2005

yes, you should also check your credit card fees - they have some sneaky hidden stuff too. Doesnt matter a lot of its a $20 dvd, but if its a $4000 turbo kit it can sting quite a bit.

Leonard · May 17, 2005

Oh well done it all now. Did it all through Paypal so at least i knew exactly what I was paying all be it £30 more with their high exchange rate

Cheers everyone

Anyone know how VAT and Duty are attatched to the purchase price

Matt

Makes · May 17, 2005

Leonard said:
Oh well done it all now. Did it all through Paypal so at least i knew exactly what I was paying all be it £30 more with their high exchange rate

Cheers everyone

Anyone know how VAT and Duty are attatched to the purchase price

Matt

+17.5% =

:crackup: dunno bout the duty

Weebl · May 17, 2005

Leonard said:
Anyone know how VAT and Duty are attatched to the purchase price

Matt

Depends what it is.

For car bits will be about 10% duty on top of purchase and shipping cost, then 17.5% VAT on purchase cost, shipping and duty (yes, they do tax the tax)

RSVMilly · May 17, 2005

I've been stung for about 22% in the past (for VAT and import duty)

Leonard · May 17, 2005

Weebl said:
Depends what it is.

For car bits will be about 10% duty on top of purchase and shipping cost, then 17.5% VAT on purchase cost, shipping and duty (yes, they do tax the tax)

Double taxation I cant believe it [email protected]!!!!!!!!!!!!!! How the hell do they get away with that

Weebl · May 17, 2005

Leonard said:
Double taxation I cant believe it [email protected]!!!!!!!!!!!!!! How the hell do they get away with that

Always have :shrug:

When you get paid, you pay income tax, then when you buy something, you pay tax on that too, then you drive to collect it you pay road tax, then you put petrol in and pay lots and lots of tax.

vikingboy · May 17, 2005

RSVMilly said:
I've been stung for about 22% in the past (for VAT and import duty)

The other thing that really hurts is when the courier charges you a handling fee for paying the tax on your behalf before reclaiming it from you, I think UPS does this and I recall they charged me 10quid for the pleasure.

Bex · May 17, 2005

Oh my god Leonard this is starting to look like it is going to be a very expensive purchase for me, for something I have never ever seen. I had better like them

Bex :angel:

Paypal goes on credit card so do you get credit card benefits?

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