General PayPal introduces new fee for dormant accounts

tom_mai78101

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PayPal is to introduce a £9 “inactivity” fee for anyone whose account has been dormant for at least a year, but still has some money left in it.

From 16 December, the annual fee will be charged, or the entire balance, if less.

PayPal says it will consider the account to be inactive if the user hasn’t sent, received or withdrawn money, or logged in for a year or more. Importantly, that means users can avoid the fee simply by logging in.

The move is aimed at those who might have signed up to PayPal years ago – because they wanted to try out eBay or similar – but soon gave up.

The fee won’t be applied to those who have a zero balance, where there is a credit or debit card linked to the account. PayPal says will only take the fee from the balance and not from a linked card or a bank account.

 
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The Helper

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That is a nice way for them to recoup a bunch of money on people who have just a couple of cents or whatever to clear there books. Those people are long gone probably. I bet it is a substantial amount of money they will get especially the first month when all those back accounts get hit with the fee.
 
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