Paypal are introducing an annual fee of up to £12 for inactive accounts. Here’s how to avoid it.
We use Paypal to pay out winners’ prizes because it is safe and easy. All we need is an email address, so don’t have to receive bank details from any of our members, unless they insist on a bank transfer of course.
Obviously, we’ve had thousands of winners so far so that’s a lot of potentially inactive accounts.
According to the ever-excellent Moneysavingexpert.com an “inactive account” is one that hasn’t been logged into, or transacted to or from for over 12 months. If you have a balance of £12 or more, they will take £12. If you have less than £12 they will take what you have. They will not take anything if you have no money in the account.
So, your options are: To take all your money out, remember to log in once a year, or to pay a fee. The first fee will be introduced on December 16th, so you’ll need to act before then.
Hope that helps, and sorry for the inconvenience!
Chris 🙂
pat
5 years ago
can you pay money into my debit card .I have money payed onto card often
Janet
5 years ago
The reason we send money via PayPal is so that you do not have to enter your bank details onto yet another website. If you do not have a PayPal account connected to the email you register with then you will receive an email from PayPal explaining what you need to do to get your money.
If, at that point, you really don't want to sign up to PayPal please get in touch and ask for the winnings in the form of an Argos E-Voucher.
If you don't want an Argos E-Voucher we can transfer the money to your bank account but please be aware we charge a £25 fee for this service.
PMP Snowfall
5 years ago
Havent used PayPal except to pay in the Co op for TV licence + some suppliers on internet dont know much about it though!
Markkaydencain
5 years ago
How do I get my bonus money to my PayPal thanks
MisT Oldskool aka The Rollin Raver
5 years ago
Everything you need to know is in the T&C.. Merry Christmas
AJ Love 2 Be
5 years ago
Hi Chris! 🙂 PayPal is very dodgy to say the least. I closed my PayPal account a while ago as an eBay refund was supposed to be a certain figure but was actually credited back with a third of the refund missing. Contacted eBay who said not us, go to PayPal. Contacted PayPal who also said not us, go to eBay. Nobody could explain the vast difference. Hence closure of account! Shame there is not a payment via BACS method for when you win!
lottie
5 years ago
So much for, that all I can say is do not use this cancel it there are other ways to pay for whatever
Anonymous
5 years ago
What an absolute Cheek and a Scam! Don't they have enough money already? Disgusting behaviour..!