PayPal to charge £12 inactivity fee

[tggzzz]

Not difficult to avoid, but really?!

https://www.which.co.uk/news/2020/10/paypal-to-charge-12-inactivity-fee-how-to-avoid-the-charge-and-spot-a-scam-email/

[Stray Electron]

   I wonder if that's just in the EU or the UK? I haven't heard about it in the US.

[tom66]

Another good reason to keep no more than £0 in your PayPal account at any one time.  If you receive money, transfer it out to a real bank account immediately.

[Nauris]

I think that makes removing any abandoned user accounts easier if there is no money in them.

[tggzzz]

Another good reason to keep no more than £0 in your PayPal account at any one time.  If you receive money, transfer it out to a real bank account immediately.

IIRC you pay to do that. I prefer to just spend the balance on things.

[Monkeh]

Another good reason to keep no more than £0 in your PayPal account at any one time.  If you receive money, transfer it out to a real bank account immediately.

IIRC you pay to do that. I prefer to just spend the balance on things.

Not at all, withdrawals to personal accounts are free. Or they were the last time I did it, which was recently.

[JPortici]

In italy it is if my bank account is connected to paypal. like i'm going to do that.

[tggzzz]

Another good reason to keep no more than £0 in your PayPal account at any one time.  If you receive money, transfer it out to a real bank account immediately.

IIRC you pay to do that. I prefer to just spend the balance on things.

Maybe I'm confusing it with transfers to a credit card. I don't have a linked account..

[eti]

Up next: British Rail to send invoices to random people for not having caught a train in the last year.

The world is VERY corrupt and VERY VERY VERY greedy.

[tom66]

Another good reason to keep no more than £0 in your PayPal account at any one time.  If you receive money, transfer it out to a real bank account immediately.

IIRC you pay to do that. I prefer to just spend the balance on things.

No, it's absolutely free.  Confusingly, PayPal offer "instant" withdrawals for £0 ... and "3-5 day" withdrawals, also for £0 fee.  Not sure why they do both, maybe on some accounts they charge more.

[Someone]

Another good reason to keep no more than £0 in your PayPal account at any one time.  If you receive money, transfer it out to a real bank account immediately.

IIRC you pay to do that. I prefer to just spend the balance on things.

No, it's absolutely free.  Confusingly, PayPal offer "instant" withdrawals for £0 ... and "3-5 day" withdrawals, also for £0 fee.  Not sure why they do both, maybe on some accounts they charge more.

Global platform, other jurisdictions have a fee for the instant version (and/or to/from CCs).

[tom66]

Sure, but why not hide the slow option in jurisdictions where there's no charge?  Isn't everyone going to select the fastest option if they are both free? 

[Someone]

Sure, but why not hide the slow option in jurisdictions where there's no charge?  Isn't everyone going to select the fastest option if they are both free?

Get you used to clicking that option and then start charging for it later?

[Kjelt]

I can imagine this has to do with the negative interest conglomerate banks asking for stalling money.
In my country any amount above €200000 gets an negative interest of 0.5% annually.
If someone would put it on a paypal account they would be better off.

[Jeroen3]

Paypal doesn't want to have debt to you. It's supposed to be the opposite.
So they just take money on both sides of the balance now. Just like real banks.

[tszaboo]

I can imagine this has to do with the negative interest conglomerate banks asking for stalling money.
In my country any amount above €200000 gets an negative interest of 0.5% annually.
If someone would put it on a paypal account they would be better off.

But then again, our government in their infinite wisdom put taxes on capital.
You are not supposed to have money, spend it please.
If you have money, it is much harder to keep you in your shitty job, as a slave.

[fourtytwo42]

I closed my paypal account several months ago (that I had had for donkey's years) when they demanded access to my bank account despite me only using them for payments, since then I have discovered just about everybody I deal with is also able to accept credit card transactions with no premium (both UK & international).

EDIT actually I wonder if the crafty (evil) buggers were after my bank account months ago so they could charge me these fees they just announced 

[tom66]

But then again, our government in their infinite wisdom put taxes on capital.
You are not supposed to have money, spend it please.
If you have money, it is much harder to keep you in your shitty job, as a slave.

Anyone who does not have a minimum 6 months emergency budget, in a well paid job like engineering, is being foolish.
Nowadays, at least in the UK, there is no safety net.  If you get ill and can't work, even if you have worked all your life and paid taxes, the bank will take your house or the landlord will evict you.
It is a tragic state of affairs. What can you do?

[Microdoser]

I closed my paypal account several months ago (that I had had for donkey's years) when they demanded access to my bank account despite me only using them for payments, since then I have discovered just about everybody I deal with is also able to accept credit card transactions with no premium (both UK & international).

After seeing they are starting this sort of thing I have now closed mine.  I will now find out who absolutely must have payment via PayPal. I suspect it might only be Ebay.

[fourtytwo42]

I closed my paypal account several months ago (that I had had for donkey's years) when they demanded access to my bank account despite me only using them for payments, since then I have discovered just about everybody I deal with is also able to accept credit card transactions with no premium (both UK & international).

After seeing they are starting this sort of thing I have now closed mine.  I will now find out who absolutely must have payment via PayPal. I suspect it might only be Ebay.

Actually Ebay is one of the ones I have had no problems using credit cards on BUT..... It only works if you DO NOT LOG ON and DELETE ALL EBAY COOKIES!!

Crazy I know but if you have ever used PP before on EB it remembers and only offers you that.
I now buy everything there as a guest and am wondering about deleting me EB account as well as I see no point for it, I gave up selling via EB years ago lols

[tszaboo]

But then again, our government in their infinite wisdom put taxes on capital.
You are not supposed to have money, spend it please.
If you have money, it is much harder to keep you in your shitty job, as a slave.

Anyone who does not have a minimum 6 months emergency budget, in a well paid job like engineering, is being foolish.
Nowadays, at least in the UK, there is no safety net.  If you get ill and can't work, even if you have worked all your life and paid taxes, the bank will take your house or the landlord will evict you.
It is a tragic state of affairs. What can you do?

I was 17, when I met this homeless guy. I was at someone, he knocked at the door, they gave him some food.
Then they explained, that he was an EE before, lost his job, lost his family (wife left), had a drinking problem for a few years after that. Used to live in the same building. They said he is trying to get his life together, but it is really hard to get from 0 to 1, much harder than from 1 to 2.
I still think about this guy sometimes, although I only seen him once in my life.

[tggzzz]

Can I quietly suggest that it would be a shame if this thread descended into a traditional politics / healthcare abyss.

Yes, such stories are tragic,  and shouldn't be forgotten, but they area distraction from eBay fees and electronics.

[Monkeh]

I closed my paypal account several months ago (that I had had for donkey's years) when they demanded access to my bank account despite me only using them for payments, since then I have discovered just about everybody I deal with is also able to accept credit card transactions with no premium (both UK & international).

After seeing they are starting this sort of thing I have now closed mine.  I will now find out who absolutely must have payment via PayPal. I suspect it might only be Ebay.

Actually Ebay is one of the ones I have had no problems using credit cards on BUT..... It only works if you DO NOT LOG ON and DELETE ALL EBAY COOKIES!!

Crazy I know but if you have ever used PP before on EB it remembers and only offers you that.

I beg to differ.

[fourtytwo42]

I closed my paypal account several months ago (that I had had for donkey's years) when they demanded access to my bank account despite me only using them for payments, since then I have discovered just about everybody I deal with is also able to accept credit card transactions with no premium (both UK & international).

After seeing they are starting this sort of thing I have now closed mine.  I will now find out who absolutely must have payment via PayPal. I suspect it might only be Ebay.

Actually Ebay is one of the ones I have had no problems using credit cards on BUT..... It only works if you DO NOT LOG ON and DELETE ALL EBAY COOKIES!!

Crazy I know but if you have ever used PP before on EB it remembers and only offers you that.

I beg to differ.

Then you are luckier than I, unless they have done something extremely unusual and actually fixed a bug since I last logged in.

[tszaboo]

But to be on topic this time:
Cant you just setup to pay Netflix ot Prime or something like that through Paypal, and that would make this issue go away?