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PayPal announces fines - for a very specific group of users

2020-10-23T03:24:58.138Z


PayPal is the most popular payment service in Germany - and to date it has been free. If PayPal has its way, that should change - a penalty fee will soon be due for certain customers.


PayPal is the most popular payment service in Germany - and to date it has been free.

If PayPal has its way, that should change - a penalty fee will soon be due for certain customers.

  • Statistics show:

    PayPal

    is the most popular

    online payment service

    of the Germans.

  • PayPal customers

    worldwide can

    send and receive money - completely

    free of charge.

  • But

    PayPal is planning a big innovation

    from

    December 2020

    : Many customers will then have to

    pay

    fines

    .

San José / London - According to the global corporation, statistically every fourth German now uses

PayPal

- or at least has an account for the

online payment service

.

Although security loopholes are known again and again,

PayPal is

popular as it enables money to be received and payments to be made online worldwide.

PayPal also

offers its users

buyer and seller protection

, which is particularly popular with fans of

Ebay

,

Kleiderkreisel

& Co.

Video: consumer advice center warns of PayPal and Co.

In addition,

PayPal

- and that is probably crucial for its international success - is still free.

If the company has its way, that should change very soon.

Although the company is flourishing and - according to its own statements - over 346 million people use the online payment service, some of its customers are apparently still a thorn in the side.

Too many of the registered

users

are not regularly active when it comes to cashless

payments

via

PayPal

.

A

penalty fee

is intended to change this - and thus apparently encourage the use of the

online payment service

.

As the British newspaper

Evening Standard

reports, the

penalty fee

at PayPal

will come

into effect

from

December 16, 2020

and apply to both buyers and sellers.

If you have money in

your PayPal

account but do not use the account, you should either

pay

the proposed penalty

fee

of

12 pounds

- this would be around

13 euros

- or close your account.

The new measure affects all users

who have not used

PayPal for

more than a year.

This is how the PayPal penalty fee can be avoided

From one year of

inactivity

,

PayPal users

will be asked to pay.

According to the company, the affected customers should be

notified

sixty, thirty and seven days before

the deadline

by

e-mail in

order to have enough time to cancel the account if necessary.

However, there are a few loopholes for the more "passive" PayPal customers: If there is

no

credit

on the

PayPal account,

for example

, the

penalty

fee does not have to be paid.

In addition, an

"activity"

is already

considered

to be sending, receiving or debiting money once a year - or simply logging in.

In addition, PayPal users in

Germany, Austria

and

Switzerland

are not yet

affected

by the

penalty fee

- the novelty will apparently only be

introduced in

Great Britain

at first

, reports the technology portal

Techbook

.

(cos) * Merkur.de is part of the Ippen-Digital network.

Source: merkur

All life articles on 2020-10-23

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