04 Aug PayPal introduces fee-based bank transfer – cost trap?
The new real-time transfer is called Instant Transfer and aims to get your money as quickly as possible. To get to the feature on the PayPal website, users need to log into the PayPal account and then click on the “Transfer Money” box. In this step, the type of transfer can now be selected as the real-time transfer option: The cost of real-time transfer is one percent of the transferred amount, with a minimum fee of 25 cents and a maximum fee of 10 euros. Danger: PayPal positions the chargeable debit variant above the standard version. So if you are used to the usual click routine, you might accidentally click on the paid version instead of the standard one.