Update 4/3/20: Paypal is now sending this out as official policy. I’m guessing this is still only for business accounts, not personal accounts.
Update: Seems it’s only Paypal business accounts that are getting the fee waived.
Original Post:
Paypal offers an ‘instant transfer’ option where the funds go to a linked debit card and arrive at your bank within minutes. The other option is to use ACH bank transfer which takes a day or two.
Reader ID noticed that Paypal doesn’t seem to be charging the $10 instant transfer fee right now. On the initial page it still shows the $10 fee, but when you get to the final ‘Submit’ page it comes up as free. And they’ve confirmed that after transaction completed it remained free too. I’m seeing it come up as free too.
I’m guessing they are waiving the fees in light of the pandemic going on, to allow people quicker access to their funds. Could be useful.
