Re: why would anyone link their bank accnt to paypal
Why would credit card companies hate being paid off in full each month?
They get their funds from the Credit card transaction fees the merchant pays for the privilege of being able to take credit card payments, and they do so whilst accepting the minimum of risk of default from the card holder.
Yes they can make money from your interest payments on any ongoing debt each month, but the risk of default is higher on credit cards than other unsecured debt, hence the higher interest rates. And in the UK the credit card company also has to accept the shops liability on certain purchases, so they get the risks from both ends. Surely anything that reduces that risk (like prompt payments from the card holder) would be positive thing.
Biting the hand that feeds IT
