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We paid our daughter’s wedding money to her via PayPal. Fully legitimate. In stages. But yes, still risky. Could have done a simple bank transfer and earn nothing, but actually think we are entitled to send our daughter gifts via PP.
Billhop l will use when hurrying up a final 241 10k. Takes a few days tho in advance to set up. They have phoned me from Sweden to check. One time it was the surveyor’s professional bill when we were moving home. They approved it, once l explained. And sent them a copy of the invoice. He had to wait a further 7 days for payment tho! Not pleased.You can pay yourself £1K every 6 months via Paypoint to Monzo @ COOP
@erico1875 how does that work?
Never, never, ever use Amex to make a “one off” friends and family payment through PayPal.
You really, really, really don’t want to risk upsetting either Amex or, indeed PayPal – who are a fab way of using Amex with companies who don’t take Amex!
Curve and Creation have taught the wisdom of this advice.
That’s just silly, there’s absolutely no evidence that anyone got burned for using paypal to transfer money once in a while.
OK, why am I so anti “one off” payments. Well, I put the “one-off” in quote marks since it never ends up being a “one-off”, it is always a temptation to try another! (and if it really was a one-off, then why bother, for just a “one-off”)
And, as I say, for a regular points collector, you would be really stuffed if you lost the Amex/Paypal link.
Why do I say this – and I am not seeking bragging rights!
I was one of the first to have an issue with Revolut and, if I recall, Virgin. Was using this to pay my mum’s £50k a year care home fees, I have never done the more blatant NS&I etc. Upshot, Virgin months – if not years – later limited points earned per month to your card limit, and Revolut did a Know Your Client on me and my partner. They didn’t like me and closed my account.
Then there was the IHG/Creation thing. Even though I have never done “manufactured spending”, and only ever used Curve payments for real bills, my and my partner’s cards were closed. Still fighting for the points and nights. Such a shame, the free night voucher was really valuable.
Then RBS, who we have both banked with for decades, started a KYC for our business accounts. Well, my wife is Spanish and Spanish naming conventions are different from British ones – so that when she first opened her RBS account 30-odd years ago, their computer couldn’t use her full name! Things have changed, so there was a one character difference between her name in Companies House and her name in her personal bank account. You have no idea the hassle to get that changed.
Then they (and many other people!) didn’t like our address – we live on an airfield, and loads of people/address finding software and credit reference agencies don’t put the commas in the correct place. We still haven’t been able to change that everywhere – so often we have hassle proving our address.
Now RBS want to know why one business had a turnover of £94,000, ie more than the VAT threshold, and yet wasn’t registered for VAT. I then had to recall that an agency of the Scottish Government sent a £12,000 grant for a not-for-profit that we run to the business, instead of the NfP. So we just transferred it over to the NfP- perhaps we should have sent it back to the government.
So when the chartered accountants checked over the accounts, they could see our notes. But RBS could only see money in/money out! We are still sorting that out.
So – from my experience – you don’t want to get involved in all this stuff.
I said to our son when he was 12 or 13: we need to have a chat. He replied: we’ve done all that birds and bees stuff at school. I replied: It’s not that. There are two sorts of people in this world, the ones that get caught and the ones that don’t. You are like me. You are in the “ones that get caught” group. So if you are tempted, just don’t.
Hence my concern for people asking about Amex/Paypal. If you are in the group that gets caught…..
That does make you sound a bit dodgy @Colin! But it still stands that we don’t know of anyone being actively sanctioned for infrequent F & F transactions. I think it’s more likely that Amex would start slapping fees on them if they started to get annoyed about them.
Paypoint has nothing to do with PayPal.
But not true that paying through something through Paypal is necessarily a cash advance.That 2nd paragraph is relevant to exactly what?
I use Amex on Paypal all the time without charge.
Everyone knows that.
OK, why am I so anti “one off” payments. Well, I put the “one-off” in quote marks since it never ends up being a “one-off”, it is always a temptation to try another! (and if it really was a one-off, then why bother, for just a “one-off”)
I think I’ve done 2 in 15 years.
I bothered because I needed to pay someone and it was the most convenient way to do it. Unimaginable I know *facepalm*.@ColinMac
Your household have an unusual set of circumstances (including several KYC factors like name, address and income) that have conspired against you, but not everyone does.
It does sound rough and time consuming for you, but to advise avoiding legitimate avenues for
spend for others without at least some explanation (maybe not as much as you have put above) was why there was a disputing. You wrote it as fact in all cases, when actually it’s a lot more nuanced.
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