This chapter will take you through the different options for paying for your cards.
At first, choosing the correct payment method to use for your purchases may seem confusing. This will become a lot more clear as you buy more cards - but this guide will help you in minimizing risk when purchasing cards and card products.
Purchases through an online marketplace are (usually) protected by the website’s terms of service - deterring sellers from scamming buyers and vice-versa. However, a credit card should be used to make purchases from marketplace sites as they offer an additional layer of purchase protection - along with rewards such as cash back or points - rewarding you for purchasing using the credit card.
If you don’t have access to a credit card a debit card is also fine.
When purchasing from individuals on either Facebook or Instagram - the risk of purchasing increases exponentially. However, you can use payment platform Paypal to protect yourself.
Paypal is a payment platform that lets you send money to other individuals. There are two options for sending money to someone - friends & family or goods & services. Payments for goods & services are covered under Paypal’s Buyer Protection policy - allowing you to raise a dispute within 180 days of a payment that Paypal must investigate - providing additional protection when purchasing.
The difference between the two payment types are summarized below.
Payment type | Covered under Paypal Buyer Protection policy? | Additional fee? |
|---|---|---|
| Friends & family | No | Yes - for Paypal sender (buyer). |
| Goods & services | Yes | Yes - for Paypal receiver (seller). |
You can calculate the total fees associated with sending money on Paypal by searching google for a “Paypal fee calculator”.