quick paypal/credit question

[gardere_owns_OU]

i might buy a jeep.

rather than withdraw the money from a credit card would it be cheaper (interest wise) to see if he would let me pay him through paypal?

i ask because i know cash withdraw on a credit card comes with high interest.


edit: because i spelled it wrong twice.

 

[CaboWabo]

You'd probably have to agree to pay the Paypal fee on his end.

 

[DCLonghorn]

I've used a cc on paypal before and works like a normal credit card purchase, not a cash withdrawal. I think the other guy would have to be registered as a business to accept a credit card purchase. This was my experience when someone wanted to pay me via paypal with a cc.

 

[gardere_owns_OU]

thanks DC.

i guess my next step would be to have a friend with a small business make a $3500 transaction for me and then just give me a check to cash.

or is this illegal?

 

[Utkclack15]

For large transactions sometimes PayPal will freeze the money and the account for security reasons so I guess I would think about that as well.

 

[DCLonghorn]

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[Luke Duke]

Or you could save your money and pay cash in a few months and avoid any interest charges.

 

[Oakhill Horn]

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[gardere_owns_OU]

thanks.. i wasn't sure how paypal worked.