Author Topic: Need to meet a spending threshold? Paypal my cash cards (Read 113789 times)

I think it was mentioned above but you might want to consider getting the biz debit mastercard. It's free, easy to sign up for and allows you to spend down a balance on your PayPal account. You can pay some CCs via debit for example, or purchase MOs to be deposited.

Much safer than loading and withdrawing or transferring. Also earns 1% cash back for 'purchases'.

Max loading for mycash is $500 per day up to $4k per CALENDAR month.

I currently have 4 locations to purchase mycash reload cards with a CC. Instead of hitting one of them hard I rotate locations.

Easy way to mix in another $4k of spend monthly.

when u say business ,u mean to upgrade your paypal account type to business account! And they send u a Mc (debit)if u request for one? The debit was around for a while so what changes now,that your able to buy my paypal cards and reload them onto your original debit card? Thanks

nateinva · « **Reply #349 on:** March 22, 2016, 10:11:17 PM »

LOL at this thread.....

Just google "paypal business debit card" and a nice page will come up telling you how to apply. There aren't any special requirements here. At most, you may need a premier account but business paypal account is not a requirement. I've had a card on my personal paypal account for many years.

Once you have the biz debit card linked to your paypal account, it will automatically use whatever is available in your paypal account balance first. Then it falls back to whatever you set up as a back up funding source. This can either be paypal credit, paypal extras mastercard or paypal smartconnect.....or a bank account of course.

The mycash reloads let you load up your paypal balance (up to $4k per calendar month, $500 daily)...you load these from the comfort of home. Then go spend down your balance with the business debit card.

If this isn't making sense there's nothing else I can really say.

rileywiles23 · « **Reply #350 on:** March 22, 2016, 10:50:09 PM »

Quote from: nateinva on March 22, 2016, 10:11:17 PM

If this isn't making sense there's nothing else I can really say.

Well said, and good job on the detailed post.

Boruch999 · « **Reply #351 on:** March 22, 2016, 10:50:53 PM »

When I try to link a new bank account I get the following error:

Sorry, we are not able to process your request. Please try again later.

I tried a different browser, same error.

Any ideas?

yochiek93 · « **Reply #352 on:** March 22, 2016, 10:54:37 PM »

Quote from: Boruch999 on March 22, 2016, 10:50:53 PM

When I try to link a new bank account I get the following error:

Sorry, we are not able to process your request. Please try again later.

I tried a different browser, same error.

Any ideas?

Putpac

CS91 · « **Reply #353 on:** March 23, 2016, 08:05:51 AM »

Has anyone here used their PP Debit Card for Venmo? Red flag?

nateinva · « **Reply #354 on:** March 23, 2016, 09:52:20 AM »

I haven't tried venmo before with this but I still think your safest liquidation options are going to be regular spending, paying whatever bills you can by debit, including some cards like Citi and Cap1, and of course anywhere you can buy MOs via debit.

Note that as of Feb 2016, PIN less debit no longer earns 1% (source DoC).

CS91 · « **Reply #355 on:** March 23, 2016, 09:56:36 AM »

Quote from: nateinva on March 23, 2016, 09:52:20 AM

I haven't tried venmo before with this but I still think your safest liquidation options are going to be regular spending, paying whatever bills you can by debit, including some cards like Citi and Cap1, and of course anywhere you can buy MOs via debit.

Note that as of Feb 2016, PIN less debit no longer earns 1% (source DoC).

I actually don't plan on using Venmo to liquidate. May have to send someone a lot of money via Venmo so figure why not get 1% back (as long as I won't be shooting myself in the foot).

As for the PINless debit not getting 1%, RadPad and Plastiq are still getting 1%. Have a feeling the new policy is only when you swipe it in a store and don't input the PIN.

maxie m · « **Reply #356 on:** March 23, 2016, 10:02:57 AM »

Quote from: CS91 on March 23, 2016, 09:56:36 AM

I actually don't plan on using Venmo to liquidate. May have to send someone a lot of money via Venmo so figure why not get 1% back (as long as I won't be shooting myself in the foot).

As for the PINless debit not getting 1%, RadPad and Plastiq are still getting 1%. Have a feeling the new policy is only when you swipe it in a store and don't input the PIN.

in Walmart, even if you select credit when purchasing, the transaction is still processed as pin less debit

nateinva · « **Reply #357 on:** March 23, 2016, 08:42:39 PM »

Quote from: nateinva on March 23, 2016, 09:52:20 AM

I haven't tried venmo before with this but I still think your safest liquidation options are going to be regular spending, paying whatever bills you can by debit, including some cards like Citi and Cap1, and of course anywhere you can buy MOs via debit.

Note that as of Feb 2016, PIN less debit no longer earns 1% (source DoC).

Could not pay Cap1 today so scratch that one from the list. I think Citi is fine though....at least it has been.

myi · « **Reply #358 on:** March 23, 2016, 09:52:42 PM »

Quote from: nateinva on March 23, 2016, 08:42:39 PM

Could not pay Cap1 today so scratch that one from the list. I think Citi is fine though....at least it has been.

so is citi the only cc that seems to work?

nateinva · « **Reply #359 on:** March 24, 2016, 09:09:00 AM »

Quote from: myi on March 23, 2016, 09:52:42 PM

so is citi the only cc that seems to work?

I'm not sure when Cap1 stopped working but I told the guy I was using my Paypal Business Debit card, and I Had just completed several sales on ebay (truth). I just said I wanted to make the payment without having to transfer my paypal balance to an outside account. He just said their system didn't allow them to process that card.

I just called Citi and completed a payment no problems at all for $2500.

As with all things, just call your banks/card issuers and try. That's the only way to find out what works and what doesn't.

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Author Topic: Need to meet a spending threshold? Paypal my cash cards (Read 113789 times)