Daily Star.Most of us have used our account for online shopping at least once, but if you use it sporadically then the new fee would be more than your last purchase.From December 16, 2020, PayPal is introducing an annual fee of £12 for people whose accounts have been inactive for 12 consecutive months.If you don’t want to pay the fee you’ll need to log into your account before December 15.You will be classed as “inactive” if you haven’t sent, received or withdrawn money or you haven’t logged into your account.So, typing in your details could save you £12!
The MoneySaving Expert.com website explains: “If your account has been inactive for over 12 months, the fee you're charged will be the lesser of £12 or your entire PayPal balance. “If.
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