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PayPal will charge fees for inactive accounts

PayPal will charge fees for inactive accounts
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Many users exploit the potential of the PayPal platform every day , which in several cases has actually revolutionized the movement of coins through digital methods. We are talking about a service that, while requiring the necessary confirmations, allows users to create accounts in very few steps, which in some cases could lead to forgetting what has been achieved and moving on to additional accounts, given that the service is free.

As officially confirmed by the new policies of the company released on February 11, 2022 , however, a change will lead customers to have to pay an unconfirmed amount of money in the event that they do not find themselves using their account. We attach below some of the most notable changes, but you can find here the complete list published by the company.

It will modify its Sales Protection program to expand the list of ineligible items, which will now include certain non-fungible tokens (NFTs) associated with transactions that exceed $ 10,000 USD.

It will specify that consumers have 14 days to exercise their right of withdrawal from the Terms of Use.

It will introduce an inactivity fee for accounts that have been inactive for at least 12 consecutive months. The fee will begin charging on sellers’ accounts from October 2022 and on personal accounts from October 2023.

There is therefore talk of less support for NFTs , as well as a tariff for sellers’ accounts already ready starting from October of this year. Normal customers, on the other hand, can rest assured that we are talking about October next year. It will therefore be seen in the next few months how much this will amount to the actual, although it is likely that these are not very high figures.

 

 

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  • Notice of modification of PayPal agreements for Italy – 11 February 2022 (PayPal)
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