PayPal warning for all

[David Murphy]

PayPal now offers to place money onto ones Visa credit/debitcard when one withdraws funds from ones PayPal account. On my PayPal page, this is now the default setting for withdrawals.

Well, so what's the problem?: PayPal charges 25 cents per transaction for this and for 20 years the default money transfer setting (to the bank account) was free.

I incurred several charges from PayPal for withdrawing money before realizing this. Does anyone else see this as a classic Internet rip-off?

 

[Stefan Wood]

Mine still defaults to my bank account.

 

[ptpdprinter]

Mine defaults to my bank account too. The ability to transfer funds to a credit card seems like a good option, and the 25 cent fee sounds reasonable.

 

[Fixcinater]

Mine now defaults to the faster option with the fee, but gave me an alert each time so it was quite obvious especially on the confirmation page.

Mobile or computer browser?

 

[David Murphy]

computer browser.

 

[Pioneer]

I am no fan of Paypal. They have been more than willing to pad their accounts by charging their customers for their services. If you were not advised of the additional fee then you were certainly scammed and I would file a complaint. It may not work but you never know.

I find I am using Paypal less and less, actively looking for ways to step away from their seeming monopoly on certain financial transactions. It just seems to me that we are far too happy to roll over for the financiers as long as their "bite" does not seem too severe.

My withdrawals still go directly to my bank account and at this point I pay no fee for that. Of course, with Paypal's history, that will soon change.

 

[nightdrops]

I often use PayPal for online transactions. I never heard of this issue before, but good thing paypal is not available when I ordered my Bilstein shocks from 4WheelOnline.

 

[JoeLopez]

Mine still defaults to my bank account.

Same here. Always has. Is it different between personal and business paypal accounts maybe?

 

[JoeLopez]

I am no fan of Paypal. They have been more than willing to pad their accounts by charging their customers for their services. If you were not advised of the additional fee then you were certainly scammed and I would file a complaint. It may not work but you never know.

I find I am using Paypal less and less, actively looking for ways to step away from their seeming monopoly on certain financial transactions. It just seems to me that we are far too happy to roll over for the financiers as long as their "bite" does not seem too severe.

My withdrawals still go directly to my bank account and at this point I pay no fee for that. Of course, with Paypal's history, that will soon change.

Charging customers for their services? Those bastages 🙂
I've been using Paypal since 2000 or so without issue.

 

[David Murphy]

Charging customers for their services? Those bastages 🙂
I've been using Paypal since 2000 or so without issue.

The issue is "not charging for their services", but providing the exact same link that now results in a charge (for a service once at that link that is available for free). I consider this intentional deception. Of course it technically legal, but ethical and legal behavior are not the same.

Amazon did something similar recently in their checkout system that caused thousands of people to unwittingly click a link which automatically enrolled them in Amazon Prime, against their will. It caused an uproar and they had to backtrack and refund their "subscriptions". A lot more money was involved in that event so it gained greater notoriety. These tricks are just an electronic form of what is known as "slamming" in the sales world (some things never change).

If you've been using PayPal since 2000 without issues, then you probably never done any serious amount of online selling.