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slossar1004
New Community Member

Account Payments: Pay Pal Credit, Easy Payments and Deferred Interest Promotions

Heads up to anyone who uses Pay Pal Credit, including Easy Payments or deferred interest purchases.  Pay attention to how your payments are applied to your account.

 

I have a promotional balance that expires in August 2019 and an "Easy Payment" (24 equal payments, no interest) that expires in February 2021.  I sent in a payment in the exact amount of the total promotional balance that expires in August 2019 and they applied the payment to the balance of the promotional balance that expires in two years.  

 

Hopefully a mistake on PP part, or maybe a shady way to collect interest on deferred interest purchases.  It is eerily similar to the way that 5/3 bank was rearranging processed checks and debit card purchases in customer checking accounts.  5/3 got sued and had to pay people for overdraft charges.

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