Martin Lewis issues urgent warning on PayPal changes coming this month – take action now
Martin Lewis has reissued a warning for PayPal users as a crucial deadline approaches. In October, PayPal altered their user agreement which means from December 16, some customers may be charged an annual fee.
It should be noted this inactivity fee will not just be levied on UK customers, it will be applicable across Europe.
As PayPal confirm in their updated agreement: “The inactivity fee applies to users registered in United Kingdom (UK), Bulgaria, Cyprus, Czech Republic, Estonia, Gibraltar, Greece, Guernsey, Hungary (Corporate Customers only) Isle of Man, Jersey, Latvia, Liechtenstein, Lithuania, Romania, San Marino, Slovakia, and Slovenia.
The provision and inactivity dee however will not apply to Irish registered users and/or to personal accounts registered in Hungary.
