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PayPal dispute fee of 15 USD / 14 EUR from December 16
This will be "fun", a new PayPal dispute fee of 15 USD / 14 EUR from December 16, 2020:
Section A3.3.2:
https://www.paypalobjects.com/marketing/ua/pdf/GB/en/ua-121620-v2.pdf
And a fee for inactive accounts as well ...
Thanked by 1Ympker
Comments
@AlexanderM that would be nice, where did you read that?
Edit: stupid question because it is just in the referenced document!
What?
Indeed, "what?", even 12 euros yearly and as I understood it from another forum, it will even be applied at the end of this year for this year ...
Logging in seems to be enough to "reset" this though.
What bullshit is that? I got two accounts on PP that I cant even login to anymore since the domain doesnt exist anymore but my CC are tied to em. Oh well..happy times for my CC issuer when Ill just charge back Paypal with the explanation of "Inactive account fee"
Yeah, I have a PayPal account too that I can't even access anymore... I deleted my phone number, set another primary one and they still send the 2FA to the old one... Turns out they have a different setting for this, well, too late.
Is the inactive account fee only for business accounts or does it also apply to personal?
As far as I understood it applies to all accounts.
Oh well paypal can enjoy my cc dispute fee.
The inactivity fee will be the lesser of the fee listed below or the remaining balance in your account
I read that to mean they'll take from your outstanding balance up to the value of the fee. Unless I've misread it they won't be reaching out to charge funding sources like credit cards.
Indeed, they won't charge from connected payment methods, like credit cards and bank accounts, it seems.
Good luck all the hosting providers. Some fucked up morons will cause damage.
This is going to double overheads at some LET providers.
They just need to lower prices below half of 15 USD / 14 EUR and there won't be any problem ;-)
paypal need money for his marte rockets. Fuck them really , this is a invented fee to suck more money.
Inactivity fee can be avoided by simply logging in once a year.
Isn't it double?
Some fucked up morons don't usually win a dispute.
If anything, this will fucked up some moron hosting providers.
It's a good news. Providers can't just refuse refund and change it into credit.
Cough... Kgb... Russian... Cough
Yes, I was too optimistic I guess ...
Love to see it. Enjoy it lowend providers, suckers.
The hosting market is high risk, so Paypal and Stripe don't really want you on there anyways.
AWS SPY.
God bless America:
Lmao. As if providers needed more reasons to dump PayPal ASAP. Especially after the broken WHMCS-PayPal integration fiasco.
if you do run business you need to expect the high rick customers everywhere not just hosting industry. In my previous electrical business we had such lovely customers who receive their electrical items and 3-5 months down the line check their credit card statement and trying to chargeback the transaction as they never received the item, such lovely customers forget that they did signed for their parcels.
I really hope a serious payment processor (for both businesses and regular people) takes over and people start dumping PayPal for good. They have been the most popular payment processor for years and they're taking advantage of that lately. Bastards!
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Happy me.
You do have such payment gateway called Stripe but not all customers wish to pay via their payment card.
also, not all countries supported by Stripe.