PayPal

Tag Archives for PayPal.

Paypal bought the Tio bill pay service and shut them down

In July, PayPal announced that they had completed the purchase of the bill payment service Tio (formerly ChargeSmart).  Now, via Business Wire, it was reported that PayPal suspended Tio’s operations to protect Tio’s customers.  They wrote: This suspension of services is a result of PayPal’s discovery of security vulnerabilities on the TIO platform and issues with TIO’s data security program that do not adhere to PayPal’s information security standards. TIO is not integrated into PayPal’s…

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Avoiding an eBay scammer

Last Monday, I wrote about Six Things I’ve Resold Lately. In that post, I explained my sourcing strategy and shared some recent wins. While reselling has been my main point-accumulation strategy since years ago when I only had a single Capital One Venture card for rewards, it’s not without its pitfalls. This week, we look at someone who tried to scam me over the weekend and how I try to stay ahead. Ebay/Fleabay I’ve been buying…

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Gift card deals for Lowe’s, gas, toys, and more

This is a quick afternoon roundup of some popular gift card deals available today: PayPal Digital Gifts Note: Purchases from PayPal Digital Gifts typically earn 5x when paid for with a Chase Ink Plus card through PayPal. $100 Lowe’s Gift card for $90 $100 Southwest Airlines for $90 SVM Gift Cards Note: Recently, some users have been charged cash advance fees when using Visa or Mastercard with SVM — set your cash advance limit to 0 or use an Amex…

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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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