[ILUG] [Completely OT] Paypal and Credit Cards
Niall O Broin
niall at linux.ie
Sat Jun 25 21:09:14 IST 2005
If you use your CC to add funds to your Paypal account, does that count
as a CC purchase or CC cash withdrawal? I ask because I just noticed,
on looking at my Paypal A/C, that withdrawals from it to an Irish bank
of > 100 EUR are free of charge. If adding funds to your Paypal account
counts as a CC purchase then doing that, and immediately withdrawing
the money from Paypal, would provide a means of getting cash from your
CC account without paying a cash withdrawal charge, and would also let
you take advantage of the CC interest free period (which doesn't apply
to cash withdrawals).
You're hardly going to go wild on the interest saved, but it is
interesting to encounter a possible way to get ahead of the game with
financial institutions.
You could of course use the money so withdrawn to buy the latest
packaged Linux distro, this dragging this email kicking and screaming
on topic, if only in the vaguest sense.
Kindest regards,
Niall O Broin
System Administrator
MAKALUMEDIA INTERNET & ENGINEERING SERVICES GMBH
niall at makalumedia.com | www.makalumedia.com
Robert-Bosch Strasse 7, 64293 Darmstadt, Germany
Tel: +49 6151 872 4600, Fax: +49 6151 872 4619
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