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Paypal Inactivity Fee

In the News

https://metro.co.uk/2020/10/14/martin-lewis-issues-warning-about-paypal-charging-inactive-account-holders-13423255/

just a heads up to anyone who hasn’t used their Paypal accounts for a while - beware the inactivity fee they plan to start charging soon

just login to your account to stay active (or if it’s zero balance, you won’t be affected)

hspexy
5 days ago
What do you think of this?
chelseaturpin
chelseaturpin5 days ago

Thanks for this info, ill deffo be doing this now, thanks for the heads up

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hspexy
hspexy
Original Poster
5 days ago

You’re welcome. It’s a shame they’re doing this, but it costs them admin to keep accounts live, so it’s just a way they are forcing people to confirm if they still want their accounts

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BORDERJOE
BORDERJOE4 days ago

hspexy I use mine every month or so but OH had £1.47 in...which he's now paid to me so that's good! Thanks.

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Imnotcheap
Imnotcheap5 days ago

12 months wont be problem for me I do use mine good to know will have to post on family chat

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eyeballkerry
eyeballkerry5 days ago

I did this yesterday but once you read up it’s not as bad as it sounds. You will get warnings, but I use my Paypal more than my bank now.

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hspexy
hspexy
Original Poster
4 days ago

I think it also coincides with regulatory updates, as they want people to confirm their phone numbers to get verification codes sent to make the accounts secure

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Mick82
Mick825 days ago

I can hardly get 12 days without using PayPal

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AgnesFaludi
AgnesFaludi5 days ago

Paypal will have klarna pay....oh who will be inactive after 🙂

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BonzoBanana
BonzoBanana3 days ago

I don't get the £12 fee, for what exactly? I could understand them closing down your account but to charge a fee that you never agreed to and was never in your terms and conditions seems criminal to me and outright theft. When the fee is added and you still don't go into your paypal account do they start adding compound interest so in 3 or 4 years it could hundreds of pounds with late payment penalties and interest on top?

I use paypal but a vile company I wish I didn't use but its not like I can just ignore paypal if I want to use ebay.

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hspexy
hspexy
Original Poster
3 days ago

It says if the inactive account’s balance is less than £12, it‘ll swallow that up to take it to nil balance - and if it’s at nil balance, it won’t take anything (nor can it as). It’s just a way they can squeeze money out of dead accounts

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BonzoBanana
BonzoBanana3 days ago

hspexy So lets say you had £300 in your account that you had forgot about for some reason would it regularly dip into that, perhaps every year to take another £12? Again though if you never agreed to those terms and you haven't been into your account to agree any new terms what is the legality of it? Just emailing them doesn't seem legal especially if that email address is not active anymore.

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Nadiaparveen
Nadiaparveen3 days ago

Ohh didn't know this. Thanks for letting us know 😊👍

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didbygraham
didbygraham3 days ago

It sounds worse than it is - and they do give warnings too so it should be very easy to avoid paying.

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SalmaS
SalmaS1 day ago

I never knew about this, thanks for the heads up. I use PayPal a lot at least once a week but its good to share with others who don't.

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