Whats the deal i got a guy that wants to buy a motor and run a credit card can i do it through paypal? Are there any catches to doing it this way..?

 

Sure...he can send you the money via paypal. Make sure to charge him 3% extra, because thats what paypal will take as their cut. As soon as you receive the money, pull it out of the Paypal account into your bank account (or a check) so he can't later dispute the transaction falsely.

 

You can not charge his credit card like a merchant would do.

If he has a paypal account set up, he can send you money (to your account) and it can be taken from his credit card.

Maybe do a money order?

 

so he can send me money from his card? Will it run it as a card or cash advance?
He is paying me i am not charging him i am really just wondering if he can use his credit card?

We are trying to avoid him taking a cash advance and paying higher intrest on it as CC companies do when you cash advance..?

 

Yes, if he sets up a paypal account he can enter his CC number and crap and send you money off of it. You also need a paypal account and then you must withdraw it somehow (request a check from paypal, transfer to your bank acct if you link it with paypal, or get a paypal debit card and withdraw it).

Paypal does charge a fee though, and it is taken out of the money he send you. (so you ene up receiving less than he sent) Charge him this amount also. You can figure it out at https://www.paypal.com/us/cgi-bin/we...y-fees-outside
Personal accounts can only receive a certain amount of money, so you would probably need a Premier account.

 

^^Correct - it will not appear on his card as a cash advance, just as a regular charge from a Vendor called Paypal.

 

Do i need a premier account for 1300? Its a toyota motor out of a truck nothing special..

 

No, the basic, unconfirmed, account is good enough to $2000 for both of you.