Taggy Posted April 16, 2012 Share Posted April 16, 2012 Bit random i know but I am going to be buying a speedboat this month with a mate which is about £5000, it was going to be paid with a credit card so if i cant purchase it from a shop directly, I may have to send the money through paypal to my mate who I am buying it with in order to get my hands on the cash. This way i avoid the stupid cash rates on credit cards and get 0% on purchases for 15months.I have read all sorts of horror stories about sending large sums of money through paypal and it getting tied up in their stupid security system. Anyone sent large sums through paypal before? Last thing i want is £5k getting stuck in paypal! Quote Link to post Share on other sites
Idrees Posted April 16, 2012 Share Posted April 16, 2012 If you're sending it to a friend, it should be okay. Paypal might phone you to ask details if it looks suspicious, just say you owed him the money. Make sure you send it as a gift though, otherwise there will be a silly amount of fees involved! Quote Link to post Share on other sites
TrisK Posted April 16, 2012 Share Posted April 16, 2012 why cant you just do a direct debit?or take notes out and give them to him? Quote Link to post Share on other sites
metalmickey0 Posted April 16, 2012 Share Posted April 16, 2012 Cant you just pay by card in the first place as you`ll be cover by thier insurance if it all goes tits up Quote Link to post Share on other sites
Taggy Posted April 16, 2012 Author Share Posted April 16, 2012 It's a credit card, you can't withdraw cash has to be a purchase. Quote Link to post Share on other sites
nazzurro19 Posted April 16, 2012 Share Posted April 16, 2012 What about at his end when he transfers the money into his account paypal take like a certain amount to transfer itAlso on my papyal i can only withdraw up to £500 a month so has he got an upgraded paypal if not ull be waitin months Quote Link to post Share on other sites
Josh@TunerLifestyle Posted April 16, 2012 Share Posted April 16, 2012 Where is your money tree taggy! Fancy sharing the seeds?! Quote Link to post Share on other sites
Taggy Posted April 16, 2012 Author Share Posted April 16, 2012 ha going 3 ways on the boat so its not so bad! Quote Link to post Share on other sites
_shaun_ Posted April 16, 2012 Share Posted April 16, 2012 most ive sent was £1500 and paypal held it for 10 working days for "security" after that it went fine Quote Link to post Share on other sites
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