16-10-20, 14:14
|
#1
|
Join Date: Feb 2011
Posts: 47,634
Thanks: 27,644
Thanked 14,458 Times in 10,262 Posts
|
WARNING >PAYPAL Will Steal Your Money
Martin Lewis Issues PayPal Warning as Customers Will be Charged If They Don't Log In
Money expert Martin Lewis has issued a warning to PayPal customers about a new charge that will take money from accounts if you don't log in often enough - as well as how to make sure you're not affected
Daily Mirror UK, 16 OCT. 2020.
Martin Lewis has issued a warning to PayPal customers as money could be taken from your account if you don't log in.
The warning comes after the payments firm brought in a new policy which will deduct funds automatically unless you log in often enough.
"Paypal users warning. It is going to introduce a £12 inactivity fee," Martin Tweeted.
The good news is that you should be able to get around the charge - as long as you're aware of it.
PayPal users will be charged a £12 fee from 16 December 2020 if their accounts have been inactive
By "inactive", PayPal means accounts where the owner hasn't logged in or sent, received or withdrawn money.
To beat the charge you need to log into your PayPal account or make a transaction on or before 15 December 2020.
If you're not using your PayPal account and don't want to risk being charged, you can close the account by going to "Settings" and selecting "Close your account" at the bottom of the "Account" menu.
You could also simply transfer any money you have there to another account so the balance reads as £0.
Some accounts could be zeroed by the new charge
Martin pointed to a guide his team has put together on MoneySavingExpert.com explaining exactly how it all works.
NB; PAYPAL have been HACKED more than once in over a year, but THEY NEVER ADMIT IT.
MORE;
Urgent PayPal scam warning after 1,000 people are hit in a day ...
|
|
|