So you are one of those millions of Americans who loves to shop on eBay, and you’ve noticed that within the past year or two almost every single merchant on eBay prefers PayPal payments. In fact, many – if not most – of the sellers on eBay only accept one form of payment, and if you don’t use PayPal then you cannot transact business with them. That’s not necessarily a bad thing, mind you, but PayPal accounts are generally tied directly to your checking account. You buy something, you pay for it on PayPal, and the money gets electronically deducted from your bank account to pay the seller. That’s great, and it’s really fast and convenient – but it does nothing to help you earn more rewards points on the credit cards that pay you in airline miles or other perks every time you choose to use plastic instead of cash.
Not to worry. You can still fuel your travel miles account while shopping on eBay and paying with PayPal. Here’s what you do: Once you get to your PayPal account, you will be presented with a page that shows you the details of your purchase, explains the shipping charges if there are any, and gives you a chance to double check and verify your shipping address and other pertinent details. But if you take time to study the page you will also notice that you have more than one choice for how you want to fund the transaction. The default or automatic setting is for it to take the money from you primary source of funds – which is usually going to be either your bank account or your special PayPal credit or debit card if you have one of those.
To use your purchase power to accumulate rewards on a special rewards card, however – such as an air miles card – you should list that particular card as your “back up source of funds” on PayPal. Then it will show up as one of the choices or sources of funds. Check that card – instead of automatically paying through your bank account – and it your charge will go on your designated rewards card. You’ll get your rewards points. You may not be entitled to special purchase protection plans from eBay or PayPal, so that is something you may want to consider. But chances are that your credit card company offers its own types of protection, so that may not be an issue after all.
Offshore Pro Group
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