

Otherwise, you’ll still lose money to PayPal fees. But the rewards must amount to greater than 2.9% of your transaction. If you have a rewards credit card in your wallet, the rewards you earn might outweigh the PayPal fees. But in some situations, you might still come out ahead: The transaction fees tied to using a credit card to send money on PayPal can add up. When using a credit card for a PayPal transaction can make sense Instead, consider a different payment method to keep your costs down. If you determine that the PayPal fee is too steep, you don’t have to follow through with the transaction.

Before you press send, you should see a summary of the transaction, which includes the PayPal fee. You can select the credit card from your payment methods.Īs you set up the transaction, keep the fees in mind.
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If you want to send money using a credit card on PayPal, here’s how to do it: How to use a credit card to send money on PayPal Perhaps, for instance, you have an important bill due, but don’t yet have the funds to pay for it.īut for many, the transaction fees tied to credit cards make sending the funds from your PayPal balance or bank account a more attractive option. For example, if you want to send $500 through PayPal using a credit card, the transaction would cost $14.50.Įveryone has to decide whether or not the fees are a dealbreaker for their unique situation. While you can send money through the platform with $0 transaction fees to friends and family from your bank or PayPal balance, you’ll pay 2.9% per transaction when you use your credit card. PayPal offers the option to send money using a credit card. Should you use a credit card to send money on PayPal? However, PayPal attaches fees when you use your credit card, which can add up quickly. You can send money from your bank or PayPal balance, or use a credit card to fund your PayPal transactions.Ī credit card might be a convenient source of funds for your next PayPal transaction. PayPal offers a handy way to send and receive money among family and friends.
