Using Paypal to generate miles?
Dec 27, 2010 | 11:51 am
#31
Join Date: Jan 2006
Location: In the air
Programs: Occasional RTW club
Posts: 7,008
Sorry - you're right, my bad. Still, though - fr from the 0.03 airlines charge per mile.
Dec 27, 2010 | 12:37 pm
#32
Join Date: Dec 2009
Location: Los Angeles
Programs: You Know Me... I Do Everything.
Posts: 1,482
I'm curious whether this applies to personal towards business accounts. I'm not clear why Paypal would/should care if you send money every month (say, $10k) from your own account to a corporate merchant account.
The benefits are huge - if you have a points multiplier on your card, say 1.5x, the txn fees are 2.2%, you are looking at ~$1,350 to get 100k points - which is nothing to sneer at.
The benefits are huge - if you have a points multiplier on your card, say 1.5x, the txn fees are 2.2%, you are looking at ~$1,350 to get 100k points - which is nothing to sneer at.
2) Even if PayPal doesnt care, it's likely the cc companies would.
Dec 27, 2010 | 1:31 pm
#33
Join Date: Jan 2006
Location: In the air
Programs: Occasional RTW club
Posts: 7,008
I emailed PP. let's see what they say
Dec 28, 2010 | 9:54 am
#34
Flyertalk Posting Legend Moderator: Credit Card Programs, American Express, Capital One, Chase, Citi, Diners Club, Eco Travel, Signatures
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA, IHG & Marriott Platinum; DL & HH Gold
Posts: 51,864
Financial institutions and governments care about any activity which shuttles money between accounts for no productive purpose. This is the essence of money laundering. They don't have the resources to evaluate whether you are doing it for some harmless motivation.
Indeed, but that's a very low standard. Airlines intentionally set the retail price of miles to consumers high. There are plenty of ways to generate miles through economically productive activity.
Indeed, but that's a very low standard. Airlines intentionally set the retail price of miles to consumers high. There are plenty of ways to generate miles through economically productive activity.
Dec 28, 2010 | 10:01 am
#35
Join Date: Jan 2006
Location: In the air
Programs: Occasional RTW club
Posts: 7,008
Here I'm not sure I would agree. What would be other ways of generating miles at 0.01466 dollars per mile? Even in MR realm this is considered fairly good if I am not mistaken - and an MR implies flying to places you may not want to go to (leaving aside the fun of MRs, obviously) - not to mention potential loss of revenue from work (i.e. vacation days).
Jan 2, 2011 | 8:42 am
#36
Join Date: Nov 2010
Programs: One Pass Silver, UA Premier
Posts: 152
honestly IMO this sounds like a good idea, if your limit's high enough, if you had some sort of multiplier then at $1350 for 100k miles it would be well worth your time if you flew internationally a lot.