Recently, Brazilians were faced with alarming news: PayPal, an online payments company, will charge users who leave their accounts inactive a fee of R$55. With that, many are beginning to wonder if this could be a reality here in the country.
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Understand PayPal fee charges
First, it is true that PayPal has a policy of charging fees in some markets to users who keep their account inactive for more than 12 months. It’s been active since 2020, but it only gained repercussions here in Brazil at the end of last month. In addition, news has been circulating that the company intends to implement the functionality here in the country as well.
The news spread and caused confusion among users, especially after the conversion of values, which indicated a fine of 55 Brazilian reals. However, according to information from the fintech itself, inactivity fees will not apply in Brazil, only in markets where it is already common.
To better understand how it works, only users with a positive balance are affected in some parts of the world. In this case, they have the amount that indicates the fee charged directly by the fintech, which collects the maximum cap of €10.
Thus, on November 14, fintech is sending a notice to customers who will be affected, warning them that they will be charged, as well as offering them a period of one month to transfer their account again, so that they can avoid a deduction.
In which countries does FinTech charge an inactivity fee?
Furthermore, the PayPal website (https://bityli.com/ZGxoRiihP) does not specify the countries affected by the fee, only the regions in which it is implemented, such as the United Kingdom, Canada and the European Union. The platform also states that in countries such as Germany, Poland, Italy, Hungary, Austria and Greece, only business accounts (that is, excluding personal accounts) are affected by the job.
Another interesting point to highlight is that in addition to Brazil, the USA also does not suffer from the inactivity fee. In addition, despite the widespread confusion, it is worth noting that the wallet credit function has ceased to exist in Brazil since August of this year, when it was canceled by the company.
At the time this happened, users had to transfer their values to other bank accounts, and from that moment on, funds could no longer be left stored in the app. In this sense, when a transaction is executed on the platform, the payer is automatically linked to another bank account of the recipient, which must have been previously registered in the application.
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