You’ll see information about potential fees listed under the card.
Customers unsure of an email warning them about the new fee are advised not to click on the link, but to open a new page, and sign in separately.Ĭustomers who don’t have money in their PayPal accounts won’t be charged, no matter how long their accounts have sat dormant. If you want to see if your card carries a fee, you can do so in the Venmo app: Go to the Me tab. But check your email address and phone numbers are the same as when you opened the account.Īnd be aware of scammers trying to use this as a way to gain logins. The company says it will warn inactive customers in advance when the fee is set to be charged. One of the biggest drawbacks of using a credit card to send money to another person using PayPal is the processing fee. As well as merchant fees, you’ll also face PayPal charges if you receive payments from a different country or currency. PayPal says will only take the fee from the balance and not from a linked card or a bank account. Plus, get cash back 1 with PayPal Rewards on eligible purchases. The fee won’t be applied to those who have a zero balance, where there is a credit or debit card linked to the account. The PayPal Debit Card lets you spend your PayPal balance in store anywhere Mastercard is accepted. The move is aimed at those who might have signed up to PayPal years ago – because they wanted to try out eBay or similar – but soon gave up. Importantly, that means users can avoid the fee simply by logging in.
PayPal says it will consider the account to be inactive if the user hasn’t sent, received or withdrawn money, or logged in for a year or more.
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