Can You Send Money Through Facebook With Credit Card

Updated January 26, 2022

5 Ways to Pay Someone with a Credit Carte du jour

Credit Cards

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There are varying reasons you might desire to pay someone with a credit menu. For example, perhaps yous're sending money domestically or internationally to a friend or family member.

Another reason to explore paying someone with a credit card could be to purchase something from an independent seller, or maybe you need to pay someone who'south done work for you.

This could include someone who did in-person work, such as a abode contractor, or someone who's done online work for you or your business organization, such as a freelancer.

In the past, the main way to ship money quickly to some other person was the apply of wire transfers, but a wire transfer can be costly.

You besides accept to provide quite a bit of information about the person yous're sending money to, and that might not be realistic for your situation.

When y'all're looking for ways to pay someone with a credit menu, yous'll demand to consider fees and transfer speed, along with other factors such every bit the maximum transfer amount allowed.

Today I'chiliad going over five ways to pay someone with a credit menu, just starting time I'one thousand going to talk about the pros and cons of paying someone with a credit card.

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Pros of Paying Someone with a Credit Bill of fare

If you're thinking about paying someone with a credit card, there can exist good reasons to do and so.

1. Credit Carte Rewards

One reason y'all might want to pay someone with a credit card is to earn cash back or miles on your card, or perhaps come across the spending requirements for a sign-up bonus.

ii. Fraud Protection

If you're thinking about paying someone, peculiarly if it'south a situation where yous don't know the person, you lot may be worried well-nigh fraud.

If you lot use a credit bill of fare, the issuer is likely to have protections in identify to safeguard against fraudulent transactions, and y'all may have dispute rights.

On the other hand, if y'all pay someone from a depository financial institution account or using a debit menu, you may only accept the protections offered by the payment platform itself, which are limited.

Some banks will say that if you sent the money, you're responsible for the transaction. It'south more difficult to become cash dorsum after yous send information technology from a bank account or using a debit carte, every bit compared to disputing a credit card charge.

3. Emergency Coverage

If you're facing an emergency or an unexpected state of affairs requiring you to send coin to someone, you lot may not have the available cash to do so right now.

In this case, a credit card may be your merely pick.

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Cons of Paying Someone with a Credit Menu

Of course, there are several downsides of paying someone with a credit carte to be aware of earlier launching this type of transaction.

1. Fees

At that place are some ways you might end upward paying fees if y'all pay someone with a credit carte.

First, almost payment platforms and payment services providers volition accuse a fee of typically around 3% if you're sending money with a credit menu.

So, on top of that, you may have to pay a cash advance fee to your credit card issuer, and the involvement they charge may be higher on a cash advance than on normal purchases.

If y'all're using a credit card considering you want to earn rewards, you might find that the fees you lot pay are more than the value of the rewards you earn, and then yous have to do the math.

And of form, if you were to utilize a banking concern business relationship or debit carte du jour rather than a credit bill of fare, you lot would pay no fee at all on many payment services apps and platforms, and then go on that in mind.

2. Limited Service Providers

Many payment service providers don't let you use a credit bill of fare to send money at all, so you have fewer options, which may mean you're forced into paying higher fees or using a service you wouldn't use otherwise.

3. Higher Exchange Rates

If you're sending money internationally and utilize a credit menu to do so, yous may pay unfavorable commutation rates, whereas if you sent coin using greenbacks or a bank account, you may get more competitive rates.

5 Ways to Pay Someone with a Credit Card

Alright, and then now that I've covered the pros and cons of paying someone with a credit card, I'll now become over five ways to pay someone with a credit card.

Venmo

- Basics: Venmo is often described every bit a social network for sending money. You lot can add your friends to your Venmo account, and you can likewise run across their transactions through your feed, although you lot can't run into the exact amounts.
  You tin can make free Venmo transfers if yous're using your bank account, the balance yous hold in your Venmo business relationship, or you lot use a debit carte du jour or prepaid debit carte du jour. Simply if you pay someone with a credit carte du jour through Venmo, there'southward a 3% fee.
  
  At that place aren't any protections for you as a buyer or seller through Venmo. The fact that Venmo does let you use a credit card to pay people makes it different from Zelle, which is Venmo's master competitor.
  
  To send coin with Venmo, both you and the person you're sending it to demand an account.
- Pros: The fact that Venmo lets you use a credit menu to pay people is a big pro, compared to like platforms. Yous may similar that Venmo is a socially driven way to send money, and if you're receiving any payments through the app, they're always free.
- Cons: To use a credit carte to ship money on Venmo, you lot'll pay a 3% fee. As well, with the Venmo user agreement, your credit bill of fare issuer may handle a transaction using a credit card equally a cash advance, which could mean yous pay another upfront fee and a higher interest charge per unit on that charge.
  If you want to use Venmo every bit part of your strategy to max out credit card rewards, in that location is a limit on the number of credit and debit cards you can have linked to your account within a vi-month period. Within six months, you can't have any more four cards, agile or deleted.
- FEE
  3%
- TRANSFER SPEED
  Ordinarily inside 1 business organization day
- MAXIMUM TRANSFER
  • Weekly rolling limit of $2,999.99 for sending money through Venmo.
  • $2,000 weekly limit per transaction for merchant payments.
  • There's likewise a weekly rolling limit of $4,999.99 for all combined transactions.

PayPal

- Basics: PayPal is 1 of the nigh commonly used ways to ship money, and information technology's extremely convenient. When you initiate a PayPal transaction, you verify your account, and and so the transfer is ordinarily complete within one business day.
  You can use a debit or credit menu, besides as your PayPal remainder or a bank account to send coin to friends or family. You lot can as well send money internationally in more than 100 currencies.
- Pros: Using PayPal is simple and most people already take an account. You can do international transfers, and the recipient doesn't encounter your financial information when y'all consummate a transaction through the platform.
  If y'all purchase something through PayPal, including a expert or service, yous also get purchase protection in example fraud occurs.
- Cons: To use both a debit and credit card to ship money using PayPal, you practise have to pay a fee of 2.9% in add-on to 30 cents of the amount.
- FEE
  2.9% plus $0.30 of the amount
- TRANSFER SPEED
  Within one business day
- MAXIMUM TRANSFER
  $10,000 per transaction

Cash App

- Nuts: With the Square Cash App, you tin can transfer funds using a linked credit card for a 3% fee.
  The Cash App is only available in the 50 U.s.a..
- Pros: The Foursquare Cash App is relatively easy to apply and offers the option to transfer money immediately, so if you're in a bind, this could be preferable for yous.
  Fraud protection features include a Security Lock setting on the Cash App, and there is a weekly spending limit of $2,500 simply no receiving limit afterward you lot verify your account.
  
  If you're using Cash for personal use, in that location's no fee to ship or receive funds from a bank business relationship or debit card.
- Cons: You tin't use the Greenbacks app to send coin internationally, and the 3% fee to use a credit menu to send money to someone is slightly higher than Paypal's.
- FEE
  3% to use a credit card and one.5% to brand an instant deposit
- TRANSFER SPEED
  Instant or upward to iii days
- MAXIMUM TRANSFER
  $2,500 a week, after verifying your personal data

Western Union

- Nuts: Western Union is the globe's largest money transfer services provider. Western Union's reach expands over more than than 200 countries, and they also offer a significant amount of variety in the different ways you tin can make transfers.
  To use Western Union, yous tin can annals online for an account, and use your credit or debit carte du jour that's issued past a U.Due south. depository financial institution to transport coin that tin then exist picked up equally cash. You can too opt for cheaper and slower commitment of funds.
- Pros: With Western Spousal relationship, the primary perk of the service is that you can ship money substantially anywhere in the world. All the same, the transfers to developing countries often have lower fees and better exchange rates than sending money to developed countries.
  If you desire to send money to somewhere like Canada or a country in Europe, it may be better to use another service.
- Cons: While the fees vary based on different factors, Western Wedlock is almost always one of the virtually expensive means to transport money. If you employ a credit card, your transaction will likely be categorized as a greenbacks accelerate, and so you'll pay not only a fee to Western Union merely as well higher involvement to your menu company.
- FEE
  Varies depending on the blazon of transaction and the amount of money beingness sent, as well equally where it'due south being sent
- TRANSFER SPEED
  Varies from instant to the next twenty-four hour period or several business organisation days
- MAXIMUM TRANSFER
  $x,000 per transaction

Wire Transfer

- Basics: Depending on your bank, you may exist able to ship money with a credit card using a wire transfer. A wire transfer or a bank transfer is a rubber and reliable choice, as long as you're sending the money to someone you're comfortable with.
  A wire transfer means yous're electronically transferring money. Most wire transfers are bank-to-bank.
  
  To wire money, you would provide your depository financial institution with information about the recipient of the funds, and y'all may take to fill out a form provided by your bank, but you lot might likewise be able to practice it online. There are fees to both send a receive a wire transfer, and if your bank lets you employ your credit card, you'll have to pay cash advance fees as well.
- Pros: The pros of going through your banking company to pay someone with a credit carte du jour includes the overall safety of the procedure. A bank wire transfer can be peculiarly safe if you lot're sending funds to someone in the U.S. because it's difficult to bank anonymously.
- Cons: The cons of a bank wire transfer are the high costs. The fees yous'll pay to transport money using a credit carte through your banking company may be more than than what you pay using a payment app in some cases.
- FEE
  Depends on the banking concern
- TRANSFER SPEED
  Can happen same-24-hour interval, but it may have two business concern days for funds to be available to the recipient
- MAXIMUM TRANSFER
  Depends on the bank

Ofttimes Asked Questions

What apps can y'all use to pay someone with a banking company account or debit card?

If you've done the math and decided you'd rather pay someone with a bank business relationship or debit card, you tin utilize the options detailed higher up, but you lot besides have access to other options.

For case, you can utilise Apple tree Pay, which relatively recently discontinued person-to-person credit bill of fare payments just still lets you utilise debit cards to pay someone. If yous have iPhone using Apple tree Pay is incredibly piece of cake, and you just need to use the Apple Pay button in a text conversation.

Zelle is another selection that'south similar to Venmo merely doesn't permit for credit card transactions. As long as the person you're sending money to has Zelle, you can ship them coin in but a few minutes.
Are the fees to pay someone with a credit card worth it?

If you're wondering whether the fees are worth it to transport money using a credit card, you need to sit down and crunch the numbers. If you're paying a 3% fee and you're sending a significant amount of money, the fees can add together upwardly quickly.

Most credit cards take advantage rates effectually one-2%, so paying a 3% fee isn't going to overset itself in rewards.
Tin can Y'all send money using a credit card on Facebook?
Facebook Messenger has a service that lets users send coin to someone else directly with a PayPal account or a debit carte du jour. However, you can't utilize Facebook Messenger to ship money with a credit card currently.
What is a credit carte greenbacks advance?

The concept of a cash accelerate fee was mentioned several times above, and substantially what this is is a way for you to employ your credit card and get a greenbacks loan either at your banking company or at an ATM. Most cash advances are limited only to a few hundred dollars at a time, and some cards volition charge a flat fee for a cash advance, usually ranging from $five to $x.

Other banks volition charge a percentage of the corporeality yous receive, and this tin can exist every bit high every bit 5%.

There may too exist ATM or bank fees depending on how you admission the cash, and the involvement rate for a cash advance is going to exist college in near all cases than the rate yous pay on purchases.

Cash advance interest also starts accruing right away without a grace flow as y'all get with purchases.

Due to the loftier costs, cash advances are only recommended when you're in a serious situation with no other selection.
How long does it have to send coin to someone?

The time information technology takes to transport money to someone using a credit carte du jour or any other blazon of funding depends on the platform you're using, where you're sending the money and other private factors. Some services are instant, so as soon as you lot send it, the recipient has access to the funds.

Other services can take a few concern days up to a week, and this doesn't always include how long it takes the money to clear in the recipient's bank account.
How can yous avoid scams when you're sending coin?

Anytime you ship money if y'all're sending it to someone you don't know and sometimes even if you practise know them, there can be a risk of fraud and scams.

One of the most common ways scammers gain access to funds is by asking someone to complete a wire transfer.

Y'all have to be very cautious nigh sending money, specially overseas considering one time you lot send the funds, information technology's going to be tough to do anything with your claim and a foreign government isn't likely to go too involved.

With a money transfer, if you're the victim of fraud, in that location is very little likelihood of you getting the funds back.

If y'all are in a situation where you accept to transport money to someone you haven't met in person, transport information technology in pocket-size increments rather than all at once.

You should also ensure y'all're using a reputable service.

With payment apps similar Zelle and Venmo, your options for dealing with fraud tin vary. For example, if someone gains admission to your bank account and then makes a fraudulent payment, y'all can report it as unauthorized activity, and often you lot tin can get your money back if you report what happened.

Notwithstanding, if you're tricked into sending money to someone and it turns out to be a scam, it'south going to be more than difficult to become your money back because you authorized the transaction.

Writer:

Ashley Sutphin Watkins

Ashley is a graduate of UNC-Chapel Colina where she studied journalism. She has worked as a journalist, content creator, and copywriter for most a decade, with a focus on personal finance, real estate, and healthcare. She now lives in Knoxville with her husband and young kids. During her free time, she enjoys traveling and enjoying the outdoors in East Tennessee.

Reviewer:

Logan Allec, CPA

Logan is a practicing CPA and founder of Choice Tax Relief and Money Done Correct. After spending nearly a decade in the corporate world helping large businesses salvage money, he launched his weblog with the goal of helping everyday Americans earn, save, and invest more money. Acquire more than about Logan.

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