Business owners will now need to use a personal account.
PayPal is putting new limits on a feature in its payment system that allows people to receive money without paying extra fees, the company. Starting July 28th, only personal PayPal accounts will be able to get funds via Friends & Family, a transaction method intended for trusted recipients.
G&S is intended for purchases, and money sent this way is subject to PayPal fees. Everyone hates fees! But with G&S, if the thing you buy isn’t as described, it’s damaged when it arrives, or it just never gets to the buyer, you can often easily get a refund for the purchase. With this new change, US business accounts won’t be able to accept fee-free personal payments, and people who use PayPal for their company will need to create a personal account to receive money fee-free from friends and family.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How families are handling the end of pandemic-era free school mealsThe pandemic-era federal aid that made school meals available for free to all public school students — regardless of family income levels — is ending, raising fears about the effects in the upcoming school year for families already struggling with rising food and fuel costs.
Read more »
Report Reveals Spending Plans of Canadian MillennialsThe PayPal Canada survey looked at the spending plans of Millennials.
Read more »
'Grant Bae was a scam': FTC shuts down grant-writing service they say ripped off dozens of minority-owned businesses during the pandemic‘Grant Bae was a scam’: FTC shuts down grant-writing service they say ripped off dozens of minority-owned businesses during the pandemic
Read more »
CEO Talks: PayPal’s Dan Schulman on Macro Issues and His Firm’s Flurry of InnovationsThe San Jose-based company is giving consumers greater flexibility in payment processes so they can stretch their money and increasing its support of small, diverse businesses to address the racial…
Read more »
Arbitrum fees rose higher than Ethereum mainnet for several hoursA high demand for Arbitrum during its Odyssey campaign has ended up spiking transaction fees on the Layer 2 network.
Read more »
Family member beats shark to free teen girl from its jaws in FloridaAn unidentified girl was scalloping in water approximately 5 feet deep near Grassy Island, just of Keaton Beach, when she was bitten by a shark, according to the Taylor County Sheriff's Office.
Read more »