The financial industry has one objective. To separate your money from you. PayPal, not my favorite online financial mechanism, is at it again with hidden fees in recent policy changes. Jacqui Cheng on PayPal’s recent adjustments:
What PayPal failed to do was inform users of the fact that any transfer having to do with goods or services will be charged the 3¢ + 2.9 percent fee no matter who or where it’s coming from. This includes payments sent from personal accounts as well as payments made after someone has sent you a request for payment (even if that request has nothing to do with goods or services).
I wonder why PayPal didn’t responde to Jacqui’s questions?