Donation

[Zakilevo]

So I am trying to donate to BM because it is awesome.

But I have no idea how to use paypal.

I just made an account but I am stuck on the part about entering my card number.

Can I use my debit or no? This thing is keep telling me to use a credit card which I do not own.

[De-Legro]

Is it a visa or mastercard debit card? I'm not sure but I think those should be fine.

[Zakilevo]

crap. I don't have any of those. I use RBC lol

[De-Legro]

You would need to link the actual bank account to paypal in that case I think.

[Foundation]

Your bank representative would probably be glad to help you open a paypal account with your debit, but you'll probably have to go to a branch and book an appointment.

[fodder]

... i thought it's basically not a good idea to use debit cards for anything.

[Velax]

Why not? I've used mine for years and never had any issues. And it works fine with Paypal.

[De-Legro]

Debit cards are fine, after all they only let you spend your own money. Credit cards can be a trap, but they are also very useful. It really comes down to planning and restraint. For example my credit card has a 55 day interest free period, and has some nifty rewards. By purchasing everything on the card every month and then paying it out before any interest accumulates, I get a nice $150 gift voucher every month.

[songqu88@gmail.com]

It's harder to pile up debt on a debit card, since it has a limit to your spending, that being your (usually) checking account balance. But some banks have policies regarding your spending and inactivity, so that should be kept in mind. I like using debit more than credit though, and for now and into the near future, I absolutely refuse to own a credit card.

[Zakilevo]

I am too afraid I might make a mistake and not pay back if I use a credit card. I have a tendency of forgetting small things
Is it possible to just send money directly to Tom's account instead of going through that page you get from clicking donation?
I can just send some money as a gift

[Sacha]

There is a way to do a direct bank transfer, I believe. Check up on the donations page for more info.

[wraith]

I think that the idea that debit cards are bad stems from the fact there is no payment protection with them like there is with credit cards where the CC company is liable for faulty goods etc (though last I heard they wanted to opt out of this for online purchases).

There is no doubt that if you don't clear your CC debt every month it's about the worst way to borrow money.

[De-Legro]

Your debit cards suck then. Ours are able to have all the same protections granted to a credit card.

[Zakilevo]

wth? I thought debit cards are always protected. I guess some banks don't offer that much.

[wraith]

I could be wrong.. I've never paid too much attention to any form of finance other than 'cash X bonds'.