PayPal Community

SRay69 · ‎Feb-01-2011

If I were you, I'd just keep it and not use it. When you cancel a credit card account, your available credit goes down, decreasing your credit score. Eventually, in a year or so, when they see you haven't used it, their automated system will probably cancel it for you. No muss, no fuss. Just watch it when you go to buy stuff with PayPal. They sometimes try to sneak in the PayPal Plus card as payment instead of another card or your bank account. It's too bad PayPal went with crappy GE Money Bank. They're the worst I've seen in my entire life. PayPal needs to have their OWN credit card rather than going through the POS (NOT Point Of Sale!) GE Money **bleep** You.

SRay69 · ‎Oct-22-2010

GE Money Bank is awful. I don't know why PayPal chose them as the card issuer. PayPal is so big now, they could just come out with their own credit card. And you know what? They'd probably have a way to make automatic payments of your full balance and many people wouldn't have to worry about calling to pay at the last minute. I wish I wouldn't have signed up for one, but I don't want to close my account since it lowers my credit-to-debt ratio. I almost never use this card now.

SRay69 · ‎Oct-09-2010

I wish PayPal would ditch GE Money and come out with their own PayPal credit card. I'm sure if they did, they'd allow us to automatically pay our credit card balance every month, like modern credit cards allow. GE Money doesn't allow this, I'm sure so they can get more late fees for people forgetting. I don't keep a balance, but I use credit cards a lot to help improve my credit score. Today I spent $400 on eBay and paid with PayPal using my Capital One credit card. I would have used my PayPal card if they allowed me to pay the balance every month automatically from my bank account. There HAVE to be others like me out there. I can't believe there aren't more people yelling about this.

SRay69 · ‎Sep-22-2010

Maybe by "manage", they meant auto-pay. I mean, this is all computer and web based. PayPal themselves could EASILY add such a feature even if GE Money did not. But they don't. You know why? Because I'm *sure* they have a profit sharing deal with GE Money, so everyone who "forgets" to pay their credit card one month gets hit with a fat $39 fee. A million of those late payments a year and bam, the presidents of PayPal and GE Money can buy their new gold-plated Rolls. I have a Chase card, two CitiBank cards, a Target card that allow you to set up auto-pay on their site. Capital One and some others do not, but they at least have a way to do it by calling them up. I spend $500/month on some of these cards. PayPal and GE doesn't want the revenue generated from those? Fine. I'm just going to use my PayPal Plus credit card once a year or whatever to keep it active and that's it. I've posted about the auto-pay issue before, but NO ONE at PayPal has responded. I know it's a GE Money product, but why can't PayPal allow me to set up auto-pay for it? PayPal *knows* how much is owed on the card and knows when it's due. Just allow us to make it automatic!

SRay69 · ‎Sep-22-2010

It's funny, I have called GE Money bank about this and the representative became somewhat arrogant near the end of the call and said "We will never offer automatic payments of our credit card.", I'm sure so they can get as many late fees as possible from accidental late pay. This was after I explained that if there was an auto-pay, I would use it much more. I have 6 credit cards on auto-pay because I rarely carry a balance. This helps build credit. Anyway, I would be ok with setting up an automatic bill pay at my bank and I just went to do that, but it always has a place to enter an amount you want it to pay every month. The thing is, I want it to pay the full balance, not a certain amount. That wouldn't be any better than manually paying it myself and could make things worse. I didn't see any option to pay a balance and there's no info about it. Any ideas?

SRay69 · ‎Jan-21-2010

I almost never carry a balance on my cards, yet I'll put $1,000+ on them every month sometimes. I know PayPal doesn't make as much from people like me as they do on people who carry a balance because they're buying more than they can afford, but there is some money involved. There are way more of us than there are of them, so it all adds up. Anyway. PayPal knows the statement balance and when it's due. Why can't PayPal just pay it for me when due? It would probably take PayPal developers about a day to do it. I know one thing, if it was available, I'd use my PayPal Plus card MUCH more than I do now. I only use it occassionally right now just to keep it active. This isn't helping anyone. Citibank and Chase (even Capital One) has automatic monthly statement balance pay and I use those all the time, making them money. Wouldn't any one else on here care about having this, or am I the only one?

SRay69 · ‎Jan-05-2010

Ok, so I got this card thinking they'd have a way for me to automatically pay the full balance every month, OH I DON'T KNOW, from my PayPal account maybe? But no, they don't. Then some how, I made a few PayPal purchases and they ended up pulling it from the credit card instead of my bank account, I don't know why. So I forget to pay the full balance this month and bam, $39 fee. Sure, that's fine, my fault. But my CitiBank, Chase, and other cards have options to let me automatically pay the full balance every month, and I have it doing that, so I don't have to worry about it. I *never* keep a balance on my cards, but man, I spend up to like $1,000 a month on each card. I called GE Bank (the holders of the PayPal Plus Credit Card) and they said they'd "never" have automatic payments. Well that's all fine and dandy, because I'll never use this card again. It will just sit and rot. I'll let other cards get my business, because the bank holder gets a percentage of each sale. GE Bank (and PayPal I guess) just wants people that carry a balance or forgets to pay their bill on time. This is on purpose, because PayPal could easily set up an automatic payment system. They know how much I owe and when it needs paid. So that's the last money GE Bank is getting from me, EVER. This card is going to be stored and dormant forever, with a big "DON'T USE" label on it. Thanks GE Bank!! I'll make sure to stay away from all your products from now on.

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