Why The New PayPal Policy Violates Consumer Protection Laws

The new PayPal coverage is a slap withinside the face to consumers. It violates the legal guidelines of client protection, that are imagined to defend human beings from being taken gain of through groups like PayPal.

The new coverage says that in case you can`t pay your stability inside 14 days, PayPal will rate a charge each time you ship cash. The charge is $20 consistent with month, up to $20,000 consistent with month.

If you are a mean individual who sends cash round as soon as a month or at most, which means you'll pay loads of greenbacks in charges each yr simply due to the fact you do not have sufficient cash for your account to cowl your charge obligations.

This is outrageous! It's now no longer like we are speakme approximately a small quantity here -- this will imply that a person who owed $5,000 might need to pay $six hundred in charges only for failure to pay their invoice on time. That's outrageous!