I aksed paypal, why now, and why only from the 1st jan. heres the reply. '' Dear xxxx, Thank you for contacting PayPal regarding the payment of withdrawal fees. I appreciate the time you've taken to bring this matter to my attention, Mr. xxxx. In answer to your question, why only from the 1st Jan 2012. PayPal are regulated by the EU, and therefore must comply with EU regulations. All banks had to implement faster withdrawals by 01st Jan 2012. It has taken time for PayPal to comply with this change, therefore all customers including yourself are being refunded all the 5.00GBP paid for the faster withdrawals. I trust the information provided has resolved your enquiry, Mr. xxxx. Thank you for contacting PayPal Yours sincerely, Robert PayPal Copyright © 1999-2012 PayPal. All rights reserved. PayPal (Europe) S.à r.l. et Cie, S.C.A. Société en Commandite par Actions Registered Office: 22-24 Boulevard Royal L-2449, Luxembourg RCS Luxembourg B 118 349 '' raises a few questions, mainly, were they correct in charging prior to 2012, as they were a bank long before that. and they must owe a lot of interest on all these millions they have to refund.
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