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PayPal: Difference between revisions

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}}[[wikipedia:PayPal|'''PayPal Holdings, Inc.''']] is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers. It serves as an electronic alternative to traditional paper methods such as checks and money orders. The company operates as a payment processor for online vendors, auction sites and many other commercial users, for which it charges a fee.
}}[[wikipedia:PayPal|'''PayPal Holdings, Inc.''']] is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers. It serves as an electronic alternative to traditional paper methods such as checks and money orders. The company operates as a payment processor for online vendors, auction sites and many other commercial users, for which it charges a fee.


==Products==
==Products and subsidiaries==


*[[PayPal Honey]]
*[[PayPal Honey]]
*[[Venmo]]


==Controversies==
==Controversies==


{| class="wikitable"
===Steam, 2025===
|+
PayPal does not allow purchasing of Steam Games for all currencies except USD, CAD, EUR, GBP, JPY and AUD. ''[Needs Citation]''
!Controversy
 
!Year
===Inactivity fee, 2022===
!Background Info
PayPal charges inactivity fee in Canada and the EU.<ref>{{Cite web |title=What is the inactivity fee? |url=https://www.paypal.com/ca/cshelp/article/what-is-the-inactivity-fee-help947 |website=PayPal Help Centre}}</ref>
!Aftermath
 
!Related Article
If you don't log in or don't have transactions for a year you will be charged $20USD each year this is the case. Then when there are no more funds in the account they will close your account. If you have not logged in how can they assume you have seen the changed terms and tacitly agree to the changes and thus the fees.
!Related Video(s)
 
|-
===Transaction fee refunds, 2019===
|PayPal will no longer refund transaction fees on refunds
PayPal will no longer refund transaction fees on refunds<ref>{{Cite web |last=Meldner |first=Richard |date=April 6, 2019 |title=PayPal Will No Longer Refund Transaction Fees On Refunds |url=https://eseller365.com/paypal-will-no-longer-refund-transaction-fees-on-refunds/ |website=eSeller365}}</ref> PayPal announced they would undo this policy change, and then a few months later re-implemented it.
|2019
|
|PayPal announced they would undo this policy change, and then a few months later re-implemented it.
|https://eseller365.com/paypal-will-no-longer-refund-transaction-fees-on-refunds/
|https://www.youtube.com/watch?v=c1WPDVjXDj0
https://www.youtube.com/watch?v=6nhZKqC1y1g
https://www.youtube.com/watch?v=6APNcFOuE1g
https://www.youtube.com/watch?v=rQpfNsuTSGc
https://www.youtube.com/watch?v=YPXhzgC2ODs
|-
|PayPal charges a fee for inactivity. Not sure when this was implemented.
|2022
|If you don't log in or don't have transactions for a year you will be charged $20USD each year this is the case. Then when there are no more funds in the account they will close your account. If you have not logged in how can they assume you have seen the changed terms and tacitly agree to the changes and thus the fees.
|
|First report seem to be 3 yrs ago. <nowiki>https://www.quora.com/Why-does-PayPal-want-to-start-charging-Canadian-users-an-inactivity-fee</nowiki>
|
|-
|PayPal does not allow purchasing of Steam Games for all currencies except USD, CAD, EUR, GBP, JPY and AUD
|2025
|
|
|https://www.youtube.com/watch?v=AZVJGtvY1js
|}


==Privacy==
==Privacy==
In 2018, the introduction of the GDPR in Europe forced PayPal to disclose a list of third party companies they share user data with. The sheer endless list includes over 600 different companies, from fraud prevention to analytics, tracking and advertising companies.<ref>https://www.paypal.com/ie/legalhub/paypal/third-parties-list</ref>
In 2018, the introduction of the GDPR in Europe forced PayPal to disclose a list of third party companies they share user data with. The list includes over 600 different companies, from fraud prevention to analytics, tracking and advertising companies.<ref name=":0">{{Cite web |date=1 July 2025 |title=List of Third Parties with Whom Personal Information May be Shared |url=https://www.paypal.com/ie/legalhub/paypal/third-parties-list |website=PayPal}}</ref>


==Alternatives==
==Alternatives==
Retrieved from "https://consumerrights.wiki/PayPal"