paypal

[dave thefish]

im about to open a paypal account.is it best to use your bank account or a credit card to fund it? are there any advantages to either ie protection.many thanks

[hc4361]

It makes no difference. You won't get credit card protection for any purchases you make with PayPal funded by your credit card because you are not buying the goods directly with your credit card. The credit card company has done as instructed simply by giving money to PayPal and their liability ends there.

[Rollo]

I disagree. Some card companies do cover you for payments made via a third party like Paypal.

You need to check the card company policy. I did that, and I am covered.

[hc4361]

That will be in their terms and conditions, it is not a legal requirement.

[Rollo]

Correct.

You also need to ascertain whether they cover you for payments of less than �100, because the legal protection only covers a payment of �100+.

[dave thefish]

many thanks to you both.i will check that

[barb1314]

Just to let you know too (as I discovered last week) I couldn't link Paypal to my savings account,only my current account (with RBS) so decided against it because I was defrauded last year (too risky as it's wages and mortgage) Thought you may like to know.The Paypal website says use a savings or current account.