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== | ||
=== Steam, 2025 === | ===Steam, 2025=== | ||
PayPal does not allow purchasing of Steam Games for all currencies except USD, CAD, EUR, GBP, JPY and AUD. ''[Needs Citation]'' | PayPal does not allow purchasing of Steam Games for all currencies except USD, CAD, EUR, GBP, JPY and AUD. ''[Needs Citation]'' | ||
=== Inactivity fee, 2022 === | ===Inactivity fee, 2022=== | ||
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> | 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> | ||
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. | 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. | ||
=== Transaction fee refunds, 2019 === | ===Transaction fee refunds, 2019=== | ||
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. | 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. | ||