Pay Pal (Getting Money In)

Discussion in 'Money Management & Banking' started by Beeeater, 28th Feb, 2019.

Join Australia's most dynamic and respected property investment community
Tags:
  1. Beeeater

    Beeeater Member

    Joined:
    14th Oct, 2018
    Posts:
    15
    Location:
    BNE
    Hi All

    I want to book a holiday, and the operator does not do BPAY (I thought all companies did BPAY), but they do accept credit cards (with a surcharge), accept PayPal, and accept Poli.

    BPAY would be free to me and painless, but not offered.
    CC would incur a surcharge
    Poli sounds a bit dodgy - sound like you go through a dodgy portal into your own internet banking

    So that leaves PP, and I have set up an account accordingly.
    So, how do I get funds into PP, as there is no debit card with my bank account.

    Any help on this matter would be greatly appreciated.

    Thanks All.
     
    Beeeater, 28th Feb, 2019
    #1
  2. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,512
    Location:
    Melbourne
    Go to "Wallet"
    Link a bank account. This can take a few days to come through.
    After the account is linked, click on "Transfer money" > Transfer money in

    That's it.

    Do they still charge a surcharge if you use your CC through PP?
    (link the CC to PP and use the PP payment portal)

    The Y-man
     
    The Y-man, 28th Feb, 2019
    #2
  3. Westminster

    Westminster Tigress at Tiger Developments Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    11,356
    Location:
    Perth
    Many businesses do not have BPAY unless you are confusing it with a simple EFT facility where they give you their bank account details and you transfer it?

    For you own safety it's generally best to use your credit card or Paypal for such transactions so you can claim back if you have any issues.

    @y-man is correct it's very easy to send funds in but it does take a few days.
     
    Last edited: 28th Feb, 2019
    Westminster, 28th Feb, 2019
    #3
  4. geoffw

    geoffw Moderator Staff Member

    Joined:
    15th Jun, 2015
    Posts:
    11,677
    Location:
    Newcastle
    Or a debit card - Visa or similar?
     
    geoffw, 28th Feb, 2019
    #4
  5. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,512
    Location:
    Melbourne
    The Y-man, 28th Feb, 2019
    #5
  6. geoffw

    geoffw Moderator Staff Member

    Joined:
    15th Jun, 2015
    Posts:
    11,677
    Location:
    Newcastle
    When I use a debit card, it has the minimum amount required. I transfer money when I need it.

    Using a debit card for transactions has slightly lower fees than a credit card. That's why banks love Paywave. On a card with credit & debit accounts, only the credit account is activated.

    The second article you've linked mentions a prepaid credit card, which I didn't know existed.
     
    geoffw, 28th Feb, 2019
    #6
  7. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,512
    Location:
    Melbourne
    Second article is pretty dated - not sure how much has changed....

    The Y-man
     
    The Y-man, 28th Feb, 2019
    #7
  8. willair

    willair Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    6,795
    Location:
    ....UKI nth nsw ....
    Some of the O/S Based hotel chains when you use a credit card incur a merchant fee of 2 percent above the additional costs..
    I have a bank-linked visa card that I use for 0/S travel and hotels ,before I set this card up the hotel chains would add sometimes $75.00 merchant fee and above in the statement ..With the new card the money transfer fees are zero..
    imho..
     
    willair, 28th Feb, 2019
    #8
  9. Noobieboy

    Noobieboy Well-Known Member

    Joined:
    10th Aug, 2017
    Posts:
    2,172
    Location:
    Utopia
    I used Poli many times. Majority of airlines offer them. While they do need your bank details, I never had an issue with them.
     
    Noobieboy, 28th Feb, 2019
    #9
  10. Lizzie

    Lizzie Well-Known Member

    Joined:
    9th Jul, 2015
    Posts:
    9,627
    Location:
    Planet A
    Nearly right.

    Paypal may send you a couple of very small payments (ie, 2c) to your nominated bank account - of which you have to notify them of the small payment amounts to finish setting up. This is to confirm that your end is legit.

    Paypal is really handy - both as a buyer and seller
     
    Lizzie, 28th Feb, 2019
    #10
    wylie and The Y-man like this.
  11. Beeeater

    Beeeater Member

    Joined:
    14th Oct, 2018
    Posts:
    15
    Location:
    BNE
    Great comments from everyone, I'll let you know how I go. PP has already credited 2 micro amounts into the account, I have responded to PP so the account is fully set up. I guess another option is to set up a debit card on said bank account, and pay that way. I did not know that you are protected when paying by PP.

    Still bewildered by Poli, as BPAY and EFT (direct credit to recipient) are so convenient and safe, as it 'pushes' a payment from the payers bank. Seems like Poli 'pulls' a payment out of the payers bank by using a portal. Maybe I have it wrong ???
     
    Beeeater, 1st Mar, 2019
    #11
  12. mikey7

    mikey7 Well-Known Member

    Joined:
    30th Mar, 2016
    Posts:
    1,173
    Location:
    Sydney, Brisbane
    Poli is run by AusPost.
    Yes, it requires you use your bank details to login, but I've used it countless times and never had an issue. I actually quite like it and use it where available.
    And I am crazy untrusting when it comes to security.
     
    mikey7, 1st Mar, 2019
    #12