Author Topic: Paypal's latest policy updates. (Read 8612 times)

Firn · « **Reply #25 on:** August 18, 2021, 07:07 »

Quote from: Justanotherphotographer on August 18, 2021, 04:30

Friendly reminder that if you aren't in the US it is long past time to stop using Paypal. Payoneer always gives a much better exchange rate and there are no fees to pay for any of the larger microstock sites. Today PY is offering an exchange rate 1.75% (!!!!!) better than PP. It really is criminal. I have saved somewhere over £300 GBP since May by switching.

Payoneer has an annual fee that will be charged if you did not complete at least one transaction in the last 12 months. The fee is $29.99.
So at least in regards to the matter this thread is about and to people whom this concerns in the first place, PayPal, that only charge £9, which equals to $12.39, is the better choice.

blue · « **Reply #26 on:** August 18, 2021, 12:03 »

Quote from: marthamarks on August 13, 2021, 23:27

Quote from: k_t_g on August 13, 2021, 22:34
Just got an email from PayPal stating the latest policy changes.
Well looks like they're going to start charging for inactive accounts starting some time in November as one of their latest policies. For us Canadians its going to be around 20 dollars. Not happy! Every bit I work hard for and it all counts. I don't need some money hungry dirty monkey paws stealing my money.

Anyways anger and frustration aside , do you know if I could just log in now and again and that would solve that issue or do I have to take some other possible drastic action?

Thank you for any reply.

Bummer!

Did they say how they define "inactive accounts"? That could surprise a lot of people who don't bother to read the new policy statement.

The explanation is here : https://www.paypal.com/uk/smarthelp/article/what-is-the-inactivity-fee-faq4427

Simple actions to take (...) to avoid the (inactivity) fee:
- Log-in to your account; or
- Shop wherever PayPal is accepted; or
- Send money to friends & family, or vendors for goods & services; or
- Withdraw money from your account; or
- Donate to a charity with your account

The most difficult thing actually is to be charged an inactivity fee...

marthamarks · « **Reply #27 on:** August 18, 2021, 17:52 »

Quote from: blue on August 18, 2021, 12:03

Quote from: marthamarks on August 13, 2021, 23:27
Quote from: k_t_g on August 13, 2021, 22:34
Just got an email from PayPal stating the latest policy changes.
Well looks like they're going to start charging for inactive accounts starting some time in November as one of their latest policies. For us Canadians its going to be around 20 dollars. Not happy! Every bit I work hard for and it all counts. I don't need some money hungry dirty monkey paws stealing my money.

Anyways anger and frustration aside , do you know if I could just log in now and again and that would solve that issue or do I have to take some other possible drastic action?

Thank you for any reply.

Bummer!

Did they say how they define "inactive accounts"? That could surprise a lot of people who don't bother to read the new policy statement.
The explanation is here : https://www.paypal.com/uk/smarthelp/article/what-is-the-inactivity-fee-faq4427

Simple actions to take (...) to avoid the (inactivity) fee:
- Log-in to your account; or
- Shop wherever PayPal is accepted; or
- Send money to friends & family, or vendors for goods & services; or
- Withdraw money from your account; or
- Donate to a charity with your account

The most difficult thing actually is to be charged an inactivity fee...

Thanks for sharing that. I have no problem meeting several (maybe all) of those requirements. It's a pretty low threshold.

Microstockphoto · « **Reply #28 on:** August 20, 2021, 15:05 »

i absolutely hate 2FA, but it is really necessary to keep your crap safe. it makes the whole paypal is quick and easy argument moot but it is a necessary evil

you can complain all you want that you dont have a mobile, but at this point is take it or leave it. 97% of americans have a mobile phone, no company is going to keep archaic and unsecure login measures for a dozen of customers.

Uncle Pete · « **Reply #29 on:** August 21, 2021, 13:37 »

Quote from: blue on August 18, 2021, 12:03

Quote from: marthamarks on August 13, 2021, 23:27
Quote from: k_t_g on August 13, 2021, 22:34
Just got an email from PayPal stating the latest policy changes.
Well looks like they're going to start charging for inactive accounts starting some time in November as one of their latest policies. For us Canadians its going to be around 20 dollars. Not happy! Every bit I work hard for and it all counts. I don't need some money hungry dirty monkey paws stealing my money.

Anyways anger and frustration aside , do you know if I could just log in now and again and that would solve that issue or do I have to take some other possible drastic action?

Thank you for any reply.

Bummer!

Did they say how they define "inactive accounts"? That could surprise a lot of people who don't bother to read the new policy statement.
The explanation is here : https://www.paypal.com/uk/smarthelp/article/what-is-the-inactivity-fee-faq4427

Simple actions to take (...) to avoid the (inactivity) fee:
- Log-in to your account; or
- Shop wherever PayPal is accepted; or
- Send money to friends & family, or vendors for goods & services; or
- Withdraw money from your account; or
- Donate to a charity with your account

The most difficult thing actually is to be charged an inactivity fee...