I updated the app recently. Ive been using the app for years!
After the update I noticed that when i want to transfer funds from my Paypal balance to my bank, Paypal is now PREFILLING this spot for You!
Before the update, the spot where you put the amount you want to transfer would be 0.00. Now its PREFILLS it with your ENTIRE BALANCE!
I noticed this and tried to be careful to EDIT this before sending funds to my bank. The first couple of times I would catch it and edit it before sending.
Today I accidentally sent the ENTIRE PREFILLED AMOUNT which was my ENTIRE PAYPAL BALANCE and it charged 1% for the transfer.
We MUST demand they update the app again and make the spot where you type in the amount you want to send back to 0.00 and not your entire balance.
I can already see this being a problem with a lot of people not catching it and accidentally transferring ALL of their funds and being charged 1%.
Makes me wonder how much Paypal has made in revenue from charging 1% for bank transfers since the new update.
I am starting to feel this is fraudulent activity by Paypal.
How many people have accidentally transferred their entire paypal balance because the spot to type in the amount you want to transfer is already prefilled for you by Paypal?
This could be subject to a class action lawsuit depending on how many people this has happened to.
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