PayPal is set to shake up its terms and conditions, levying a £12 charge on accounts it deems to be "inactive". In a move that will potentially affect thousands of users, accounts that haven't been used for a year or more will be subject to the annual fee, which will be automatically debited from the account balance.
The fee has now been reduced to £9 in the UK.
Customers who don't have money in their PayPal accounts won't be charged, no matter how long their accounts have sat dormant.
The inactivity fee isn’t charged in the US.