So, Paypal just annouced they will introduce fees for inactive accounts, and as an added bonus, i will explain to you how you can dodge this fee, even if you are not active, but you want to keep the account.
First, starting with 16th of December, Paypal will charge £12 (in my case, U.K.), if i was not active in the last 12 months. So, it is not that bad, you just need to log in once every 12 months in order for the account to be considered active. If you were not active lately, you may need to log it before 16.12.2020, so the account will be considered active. You may need to set up an alarm or reminder for the following login, 12 months from now, minus one day.
You do not need to buy anything, as ''an inactive account'' is an account that did not sent, received or withdrawn money, or logged in the last 12 months. If you forget to log in for 12 months, the fee to be charged is £12 or whatever less than that amount you have on your account. If your account value is 0 (zero), no fee will be charged, even if you have a card or bank account linked to it.
Paypal said that they do not plan to close the inactive accounts and they will also send you a warning email 60, 30 and 7 days before the date of the fee. However, i find all this situation strage, as you are penalized if you keep money with then, but pay no fee if you don't. The complete opposite situation of a bank behaviour.
Yours truly,
G.
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