Funding NZ PayPal account

Please note this sub-forum does not provide professional finance advice. You should seek advice from a licensed financial advisor.

To post in this sub-forum you must have made 100 posts or have Trust status or have completed our ID Verification.

If investing please consider our affiliate link for new accounts: Sharesies.

Forums › Finance and wealth management › Funding NZ PayPal account

RickD

280 posts

Ultimate Geek

#105231 29-Jun-2012 18:36

Hi

It seems like you can't fund an NZ PayPal account using your bank account like you can in Australia - so I wanted to know if you fund using a credit card, do NZ banks treat that as a cash advance on the card, or a regular transaction? Does PayPal change any fee for funding using credit card? I assume not.

Cheers

blakamin

4431 posts

Uber Geek
Inactive user

#648378 29-Jun-2012 18:44

was just a transaction last time i used my nz PayPal

i only used a westpac debit plus card on my nz account tho

khull

1245 posts

Uber Geek

#648436 29-Jun-2012 20:21

its a regular credit transaction with the exception that your card details are not passed to the merchant's payment system. Fees are charged to the merchant, not the customer for NZ.

freitasm

BDFL - Memuneh
79254 posts

Uber Geek

Administrator

ID Verified

Trusted

Geekzone

Lifetime subscriber

#648445 29-Jun-2012 20:35

You can't "fund" your account. All transactions come directly off your credit card. The only way to have a balance on PayPal NZ is if someone send you a payment.

blakamin

4431 posts

Uber Geek
Inactive user

#648451 29-Jun-2012 20:49

in Oz you can have it come straight out of your bank account without having to use a credit/debit card...

RickD

280 posts

Ultimate Geek

#649686 2-Jul-2012 17:44

freitasm: You can't "fund" your account. All transactions come directly off your credit card. The only way to have a balance on PayPal NZ is if someone send you a payment.

Thanks. That's a bummer because the fee to send money for a personal payment works out quite high using credit card to fund. 3.4% + $0.45 NZD