New PayPal Regs

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Forums › Finance and wealth management › New PayPal Regs

linw

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#299094 10-Aug-2022 15:16

Amendments to the PayPal User Agreement

Effective 7 September 2022 (Residents of Mainland China will have an effective date of 26 September 2022):

Business accounts will not be able to receive personal transactions starting 31 October 2022.
PayPal accounts will not be able to send personal transactions to business accounts starting 31 October 2022.

Does this mean what I think it means, namely, that I won't be able to pay for goods bought from a company or Subs to Geekzone?

If so, my acct will be closed as being of no use to me. Not that it gets used much anyway so no biggie.

Jase2985

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#2953047 10-Aug-2022 15:44

"Residents of Mainland China" if you dont live there nothing to worry about

jarledb

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#2953050 10-Aug-2022 15:49

Jase2985:

"Residents of Mainland China" if you dont live there nothing to worry about

Nope, just another date for mainland China.

More about this change: The Verge - PayPal is ending fee-free Friends & Family payments for business accounts

In short PayPal is limiting fee-free transactions for business accounts. I have to admit I am somewhat surprised that they have allowed them previously.

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