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Uh-oh: Some SVM gift card transactions coded as cash advance

If you’ve bought gift cards in the past few days from SVM on eBay, keep a close eye on your credit card statement: Doctor of Credit reports that some SVM gift card transactions (perhaps from 12/4 onward) were coded as cash advances – incurring an instant fee and interest with your issuer. For their part, SVM is claiming that this is due to an error on PayPal’s end that switched their merchant services category, causing the transactions to…

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