PayPal profit beats estimates

Is that why I have just been offered me credit at 0% for 4 months for being a 16 year long client?
Pffft
 
^^^

Just told you, i have been using PP for nearly 20 yrs and spent 10,000s of £'s over the period. or for business

Means sh*t though in the end to me privately...I don't believe in credit as a rule, unless :

1.It's an absolute emerg e.g medical, etc or
2. business purchases of assets which I can use to reduce my net profit/earnings
 
MirageF1 said:
^^^

Just told you, i have been using PP for nearly 20 yrs and spent 10,000s of £'s over the period. or for business

Means sh*t though in the end to me privately...I don't believe in credit as a rule, unless :

1.It's an absolute emerg e.g medical, etc or
2. business purchases of assets which I can use to reduce my net profit/earnings
Click to expand...
Well, at 0% interest, go find a venture that gives any return and you'll make a profit. :p
There must be fees attached for that credit rate. You are definitely not less of a credit risk than a bank.
 
Johnatan56 said:
There must be fees attached for that credit rate. You are definitely not less of a credit risk than a bank.
Click to expand...

Who says the amount is substantial. It's a credit card...prob something like a 1-2000 quid, that's all.
It's 0% (for 4 months) - stop telling me what it isn't
 
Firefox_Screenshot_2018-10-19T12-08-10.940Z.png


0% interest for 4 months is available on single transactions of £150 or more. It applies automatically to any purchase made using PayPal Credit in excess of this value, except those to which another Promotional Purchase Offer (such as an instalment offer) applies. You can use this offer as many times as you like as long as you have an available credit limit.
 
MirageF1 said:
View attachment 567275


0% interest for 4 months is available on single transactions of £150 or more. It applies automatically to any purchase made using PayPal Credit in excess of this value, except those to which another Promotional Purchase Offer (such as an instalment offer) applies. You can use this offer as many times as you like as long as you have an available credit limit.
Click to expand...
Providing you spend more than £150 in a single transaction, PayPal Credit gives you four months interest-free to pay it off.


This can save you a huge amount, because PayPal’s interest rate, although lower than some credit cards and overdrafts, is a considerable 17.9% APR.


You need to meet minimum repayments: 1% of the outstanding balance, or £5, whichever is higher, or risk £12 late payment fees, and you’ll want to pay off your entire balance before the four months end.
Click to expand...

https://www.paypal.com/uk/webapps/mpp/paypal-virtual-credit/existing corroborates
It's not really a special offer for you either, you just qualify.

They're making money off the chance that you mess up. It is a longer 0% interest rate than most credit cards (think we have most at 55 working days for our banks?), but will hit you with penalties as well. They also force minimum 1% payment per month or else quite high penalties.

Again, use everything responsibly and you can profit from it, they make money on people that fail to do so.

Also, PayPal makes a lot of money by getting shops to accept PayPal payments: https://www.paypal.com/en/webapps/mpp/paypal-fees which seem higher than e.g. Visa (nice list here for US: https://www.cardfellow.com/blog/credit-card-processing-fees/)

EDIT:
Paypal, sorry can only get UK: From 3.4% to as low as 1.9% + 20p per transaction, https://www.paypal.com/us/brc/article/understanding-merchant-credit-card-processing-fees has about the same rates though. Visa is a lot lower.
 
Last edited:
Johnatan56 said:
They're making money off the chance that you mess up. It is a longer 0% interest rate than most credit cards (think we have most at 55 working days for our banks?), but will hit you with penalties as well. They also force minimum 1% payment per month or else quite high penalties.
Click to expand...

No need to lecture me ;)
I don't mess up. Been in the game a while longer than most...
Read what I wrote earlier..I have my own personal qualifications for using credit, if ever.

P.S I am dual Brit and SA so use the xchange rate to my favour when I can.
 
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