I really dont want to have to do bank wire transfers because I have a online business, some of my money is on paypal, now I do have a paypal credit card and a paypal debit card but I cant make bank wire transfers from a paypal account, so is there a way to use my cards? I am willing to switch to some stock trading sight

 

  • Ted 2:55 pm on September 18, 2009 Permalink |

    If this happened, your creditor would be lending you money to buy stock in violation of Federal Reserve regulation T which covers lending to buy secutities on margin.

    If you have a business you should have a checking account.

  • Bill Q 2:55 pm on September 18, 2009 Permalink |

    Credit cards usually only pay merchants 95 cents on the dollar. They never pay full value. Stockbrokers require full payment and you can’t use credit cards for this.

  • golferwhoworks 2:55 pm on September 18, 2009 Permalink |

    not a chance as the broker dealer must get cash to open n account so wire is the only way unless the laws have changed

  • Net Advisor 2:55 pm on September 18, 2009 Permalink |

    In the USA one cannot buy stocks with a credit card per se.

    One can write one of those cash advance checks, but that will cost a lot in terms of advance fees and interest. I would not advise that.

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