6 ms·
Don't worry. You won't have that money after they've implemented the inactivity fee last year: https://www.paypal.com/be/smarthelp/article/what-is-the-inactivi
by designium 5y ago
Don't worry.
You won't have that money after they've implemented the inactivity fee last year: https://www.paypal.com/be/smarthelp/article/what-is-the-inactivity-fee-faq4427 https://www.paypal.com/be/smarthelp/article/what-is-the-inac...
- msgi 5y agoHow ironic. When I was canceling my paypal account a few years ago, paypal prompted me: It's free to have a paypal account, so if you don't want to use it, just leave it. It's hard for me to imagine when someone opens his old PayPal account and finds out that he was charged 10 €. (not even in US dollars)
- tananaev 5y agoInactivity fee is such a disgusting practice. It doesn't cost them anything to keep the account.
- Trias11 5y agoIt's an attempt to legalize theft.
- gunapologist99 5y agoEnvato does the same thing; so does Freelancer.
- muzika 5y agoThis. Skype has been doing the same for years.
- hackerfromthefu 5y agoWith Skype credit that is deactivated, you can easily reactivate it again. I've done that.
- kgermino 5y agoThat's not strictly true. It doesn't cost them _much_ but holding and tracking other people's money has a cost. That said, I think the better answer is to send it to the state as unclaimed property.
- pengaru 5y ago> holding and tracking other people's money has a cost. When you have as many users as PayPal does, in aggregate those non-zero balances are a mountain of money to play with. It's not a cost, it's opportunity for profit.
- mmanfrin 5y agoHolding other peoples money has a profit, not a cost. That float is valuable.
- Siira 5y agoIt’s called zero marginal costs for a reason, dude.
- vasco 5y agoPresumably it costs more to keep the money and process login attempts. Since logging in is enough to keep the account at zero fees, this seems like a money grab.
- halpert 5y agoIs there really a marginal cost to holding more money? Presumably they can buy treasury bonds and earn some interest off the holdings. In terms of data storage, is it really more expensive to store a positive number vs. zero?
- dghlsakjg 5y agoI suppose that compliance might cost something. I don’t know what KYC laws they have to comply with, but that is the kind of stuff that needs actual humans in the loop
- savolai 5y agoWow. Notably receiving money does not make the account active. Notifications to inactive accounts begins 15 November 2021 and advise simple actions to take before 15 December 2021 to avoid the 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
- tintor 5y agoGood to know. I just transferred out my PayPal balance.
- m-p-3 5y agoI chose the option to close my account.
- malka 5y agoI chose the option of making a bot that logs in every 150ms. I think everyone should do this. It is the best way to keep your money safe
- hetspookjee 5y agoWe’ve closed your account due to suspicious activity please drink one activation can. Joking aside, don’t you want your PayPal matched with 2fa? If so. How do you handle that with scripting?
- takeda 5y ago2FA is essentially a time encoded using a secret known to you. It's an alternative to using a private key, it's just lest confusing to non technical people. You basically can read the QR code, get the secret and use it to programmatically generate the token every time you need it.
- 5y ago
- chias 5y ago> Accounts with zero balance won’t be impacted and this charge won’t result in any negative balance. How gracious.
- Bilal_io 5y agoYeah, very nice of them.