PayPal: it's time for a global change

                                                  

More recently, PayPal has published the latest news and platform updates. They report that they intend to change the balance functionality for the PayPal account, depending on whether the verification of the identification information provided by the users has been successful.

"If the verification of your PayPal account identification information is successful, your account balance can be transferred to a linked bank account or debit card, and you can use it to make purchases and send money to others. it has not been confirmed, the latest functions can not be performed. "

In addition, the administration of the platform reported that it eliminates the variable rate to send money to friends and family members who have PayPal accounts in any country other than the United States. Now, when users send money through PayPal or from a bank account, a new fixed fee of $ 2.99 or $ 4.99 per transaction will be charged, depending on the recipient's country.

In general, when a payment by credit or debit card, service customers will pay a new fixed fee per transaction, depending on the recipient country, an additional fee of 2.9% and a fixed rate for currency conversion.

PayPal changes its privacy policy

According to the message, the development team intends to coordinate the confidentiality policy on the platform. The hidden account feature will no longer be available, in addition, there will only be one account available per user. The updated privacy policy will take effect on April 19, 2018.

Many users of the cryptocurrency community began complaining in the network that the cost of sending money to their families through PayPal became more than the cost of transactions in the BTC network. In addition, many analysts point out that the day of the adoption of the new privacy policy of the platform is "a black day in the history of the service, however, this is a big step towards the future of the space of cryptocurrency".