You cannot pay a Bank of America credit card with PayPal directly. The only ways to pay a Bank of America credit card bill with PayPal are to transfer money from PayPal to a deposit account and then pay the credit card bill, or fund a payment through a third-party service using a PayPal credit card. That said, these payment methods charge fees, or can take a while to execute.
PayPal Transfer to a Bank Account
There are three main PayPal transfer options. A standard PayPal transfer should reach your bank account in 1-5 business days. An instant transfer will only take about 30 minutes, but you’ll pay a fee of 1.75% of the transaction amount. Finally, you can request a check from PayPal, but this option takes 1-2 weeks, and you’ll be charged a $1.50 fee.
Once the money is in your bank account, you can make a normal credit card payment. Involving PayPal just makes the whole process take longer, cost more, or both.
PayPal with Third-Party Services
If you’re set on using PayPal without transferring money to your bank account, you can use a PayPal credit card in conjunction with third-party services like Plastiq to pay a credit card bill. With this option, you just need to provide information about the payment, the recipient, and your credit card.
However, services like Plastiq will generally charge you a convenience fee of around 3% of the transaction amount. You’ll save a lot of money in the long run if you don’t take this route.
The Best Option
Ultimately, it makes the most sense to pay your Bank of America bill without using PayPal. Bank of America allows customers to pay directly from a bank account, and this will help you avoid the unnecessary fees and hassle that come with trying to pay a credit card bill with PayPal. Although PayPal is convenient when it comes to shopping and selling, it’s not a good credit card bill payment option.
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