According to the Czech Trade Inspection Authority, PayPal does not violate Czech laws by deducting money from inactive accounts, thus responding to the change announced on Wednesday, according to which the company will start deducting a fee of CZK 300 for accounts that the user has not used for more than a year.
“If your PayPal account has been inactive for at least 12 consecutive months, we may charge you an annual inactivity fee. “Inactive” in this context means that you have not logged in to your PayPal account, nor have you otherwise used it to send, receive or withdraw money. This provision and the inactivity charge shall not apply to users registered in Ireland and to personal accounts registered in Hungary, ” in the new terms and conditions of Paypal. These will take effect on December 16. In the case of the Czech Republic, this tax on inactivity is set at CZK 300.
From the point of view of the Czech Trade Inspection Authority, the American company does not violate Czech laws, the important thing is that customers are notified of changes in conditions now and therefore have enough time to cancel the account free of charge. “The change is most reminiscent of the already functioning model of many banks, which charge account management fees only for those consumers who, for example, do not receive a certain amount per month. The consumer is therefore free to choose (not) to use such a service under the stated conditions, or to opt out of the service, “he said for Lidovky.cz spokesman of the Czech Trade Inspection Authority Jiří Fröhlich.
It is not yet clear how the company will proceed in the event of a zero account balance, as the terms and conditions do not provide for such a situation.
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