Starting in January PayPal Will Earn Interest On Your Account Balances

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Starting in January PayPal Will Earn Interest On Your Account Balances

12-06-2005, 09:42 PM,

Post: #1

amy

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Starting in January PayPal Will Earn Interest On Your Account Balances

PayPal users with US dollar account balances can probably expect a lot more "accidental" double debitings and frozen accounts starting in January Laughing4

Quote:Interest on PayPal balances
Notice Date: November 30, 2005
Effective Date: January 19, 2006

PayPal currently does not earn interest on U.S. Dollar balances in your PayPal account. PayPal does earn interest on balances in other currencies. As an international payments provider, PayPal is standardizing its cash management process to be consistent across all geographies and currencies. Therefore, effective January 19, 2006, PayPal will have the option to earn interest on U.S. Dollar balances (other than balances in the PayPal Money Market Fund). This change will not affect the manner or timing in which PayPal processes your payments. PayPal users in the U.S. can have the option of earning a return on balances held in their PayPal accounts through participation in the PayPal Money Market Fund.

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