Martin Lewis explains how PayPal users can easily avoid the new £12 a year fee
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dailyrecord.co.ukPayPal will start charging millions of customerrs an annual ‘inactivity’ fee from December. PayPal defines ‘inactive’ as an account where the user hasn't sent, received or withdrawn money, or logged into their account for a set period of time.
The company said if your account has been inactive for 12 or more consecutive months, you will be charged £12 a year from December 16.
But they also said it has no plans to close inactive accounts which have a zero balance - so if you have an idle log-in that's empty and not linked to a bank account, you won't be charged.
And, looking at the fine print of the terms and conditions of the penalty, it won’t apply to users in Ireland. The PayPal statement online reads: “We are establishing an inactivity.
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