PayPal

Tag Archives for PayPal.

PayPal employee answers: Faster money back? Why work for evil?

PayPal employee

Background: In order to earn miles & points, many people “manufacture spend”.  That is, people find ways to increase credit card spend (to get rewards) while getting their money back.  There are many techniques for doing this, and PayPal is a component of some of them.  Unfortunately, while these techniques are perfectly legal, they are often also used for money laundering and other illegal activities.  As a result, PayPal frequently freezes accounts of those who…

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PayPal employee answers: Safe way to increase credit card spend?

PayPal employee

Background: In order to earn miles & points, many people “manufacture spend”.  That is, people find ways to increase credit card spend (to get rewards) while getting their money back.  There are many techniques for doing this, and PayPal is a component of some of them.  Unfortunately, while these techniques are perfectly legal, they are often also used for money laundering and other illegal activities.  As a result, PayPal frequently freezes accounts of those who…

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Anonymous PayPal employee to answer questions

PayPal offers a convenient service for sending, spending, and receiving money online.  They also offer the PayPal My Cash card which can be used for manufacturing spend.  It’s possible to buy My Cash cards with credit cards, then load the money to your PayPal account, then withdraw the money in various ways.  For those seeking credit card rewards, it sounds perfect.  Unfortunately, PayPal will almost certainly freeze your account if you do this often.  And,…

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Beware buying PayPal My Cash cards

PayPal Freeze

Those who enjoy earning credit card rewards can’t help but be tempted by PayPal My Cash cards.  These little seductresses can be paid for in many stores with a credit card.  Each card can be loaded up to $500 at a time with only a $3.95 fee. PayPal My Cash cards are ridiculously easy to use for running up credit card spend.  You can buy these with a credit card; load the funds to your…

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A faster way to add money to your PayPal account

PayPal register reload

As reported by Doctor of Credit, it appears that PayPal will be replacing reload cards (MyCash cards and MoneyPaks) with a new “load at register” approach.  Before this change it is/was possible to buy PayPal reload cards (either in the form of PayPal My Cash cards or Greendot MoneyPaks) at a store and then reload your PayPal account online using those cards.  Sometimes it has been possible to earn credit card rewards by buying those…

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How to cash in your PayPal My Cash cards when PayPal freezes your account

PayPal My Cash

Image this scenario:  Suppose a blogger you know had been buying PayPal My Cash cards at a certain three letter drug store and paying with a card that offers 5% cash back at drug stores, and through a series of events he ended up with loads of My Cash cards and no way to load them… Account warnings In this imaginary scenario, this blogger may have received a warning from PayPal saying not to deposit…

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PayPal issues warnings

You might be aware that PayPal MyCash cards can be found in many stores and can often be bought with a credit card. Some people have been using these for manufacturing spend: they buy the cards, load the card value to their PayPal account, then withdraw the money to their bank account. Not surprisingly, PayPal isn’t a fan of this behavior.  Last week, PayPal sent the following email to many of their customers who have…

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Vanilla Reloadables

This is an update to a post of the same name published a year ago.  A lot has changed since then so I thought it would be good to create a new post rather than edit the old one. Vanilla Reload cards can be a terrific tool for increasing your credit card rewards: 1) purchase a Vanilla Reload card with a rewards credit card (to earn rewards); then 2) Load the value of the card…

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