Can I pay using Finance with a Prepaid Visa Card?

[jimi]

Is it possible to pay for items via the internet using the Finance payment option using a prepaid via card? :rolleyes:

[Casanova]

yes as long as a card has a logo advertised it's fine. Prepay master or visa cards are quite good. Alot of sites give you cashback or discounts and they're good for watching your budget.

I should really get one! I spent my wages like money's out of fashion!

[jimi]

But finance means paying in monthly segments. For example if I wished to purchase a computer costing 500 pounds I would pay 24.99 pounds per month. Are you sure I am able to pay using a prepaid Visa card?;)

[LouisCollins]

No, In order to get finance firstly you must be 18, Secondly it's setup on a DIRECT debit, So automaticly takes the payments each month, You can defiantly not use a prepaid visa,

[Kieran]

Louis has it exactly right. They will definitely not accept any form of prepaid card. It will get taken by either a Direct Debit or standing order every month and failure to pay would result in legal action being taken against you or if your under 18, your parents ;)

[jimi]

Forest, what do you mean by a standing order?

[Kieran]

A standing order is a similar process to that of a direct debit. A standing order is of a set amount whereas a direct debit can have its amount altered by the collecting company.

[LouisCollins]

A Standing Order (or a Standing Instruction) is an instruction a bank account holder gives to their bank to pay a set amount at regular intervals to another account. The instruction is sometimes known as a banker's order.

Same as a direct debit but you set this one up you're self, Direct debit is done by the company.


Forest, what do you mean by a standing order?

[jimi]

So say if I put money in my bank account just before my payment is due for the item, and then I tell the bank to pay the company a set price? can that be done?

[Kieran]

You wouldn't tell them. The company taking the money would tell the bank. For example:

If you buy something at £24.99 a month, then the company will say to the bank: On this day of the month I want £24.99 to leave this account and be deposited in our accounts. As long as you have the money in your account to cover it, then it's fine. As was said however, you do need to be 18 to agree to a finance deal. Generally, you end up paying a LOT more for the product.

[LouisCollins]

Ok, Standing orders on "Finace" is only on BNPL "Buy now pay later" other plans are INTRESTED / DIRECT DEBIT, The way a standing order works is, You tell your bank you want to pay say "Comet PLC" £35 EVERY 26TH Of each ROLLING month, Some banks might charge a admin fee of £15 to do this so read the T&C's, My suggestion to you is to pop into you're local "Comet store" Or Santander, And get them to explain it to you in full detail,

I Hope my posts helped.


So say if I put money in my bank account just before my payment is due for the item, and then I tell the bank to pay the company a set price? can that be done?

[jimi]

Thanks Forest and louis :) +rep

[Stephen!]

All finance options for any items on any website usually has some requirements.

1. You must be 18 or over
2. You must have a job and work 16 hours a week or more

[jimi]

Ill be using my mums bank to do the standing order, however she does work but as a carer (I'm not sure if this still counts as a job) am I still able to make a standing order purchase? :(

[LouisCollins]

Jimmy, To get credit you must Be in employment "Paid" at least 16hours a week, Over 18, I'm guessing you're not serouisly best thing to do is to take your DEBIT card and ID down to PC world / Comet and buy a PC on finance at let them sort it out, And be warned you might not even get accepted on finance

[Catzsy]

Well if you are not 18 you will not be able to get credit but I am sure a carer counts as a job and she could perhaps purchase it for you and you pay her back. My mother has done that for me in the past. =]

[jrh2002]

Well if you are not 18 you will not be able to get credit but I am sure a carer counts as a job and she could perhaps purchase it for you and you pay her back. My mother has done that for me in the past. =]

Thats the solution ^^

I think if your mum passes the credit check you could then set up a standing order / direct debit from your bank account if you have that facility.

Do NOT lie on credit applications because at worst its fraud and then if you fail to pay for it and they uncover the lies I imagine they will go for theft by deception.

[jimi]

I have decided just to save up for a computer, but that will take a long time :(
I asked my mum about doing a standing order for me but apparntly she is black listed, so that isn't an option.
I need a computer before the end of the month if I have any chance of passing my Buisness BTEC :rolleyes:
I dont see this happening, so I am stuck with what to do? :S

+Rep to all who have helped

[Catzsy]

I have decided just to save up for a computer, but that will take a long time :(
I asked my mum about doing a standing order for me but apparntly she is black listed, so that isn't an option.
I need a computer before the end of the month if I have any chance of passing my Buisness BTEC :rolleyes:
I dont see this happening, so I am stuck with what to do? :S

+Rep to all who have helped


Well have a word with your personal tutor - maybe you could borrow one. I know this has been done occasions and
some colleges have a scheme for free laptops/desktops for students in need.
Otherwise I have found this:
http://rentit.biz/laptop-rental.htm
Perhaps you could rent one for a couple of weeks to get the work done?
There is also this company who do have shops nationwide who do credit checks - just need proof of identity etc. Looks at the FAQs. Only problem is the interest is high.
http://www.brighthouse.co.uk/products/personal-computers/personal-computers/personal-computers.asp