You have money in your PayPal account
I’ve obviously not been spending enough on eBay recently – PayPal have just emailed me informing me that I’ve got money in my PayPal account!
That’s not unusual, I’ve had a balance in my PayPal account for as long as I can remember, although I’ve been using it less frequently of late. I’m not going to withdraw the balance either – it’s handy for when I want to buy something on eBay.
It makes sense for PayPal to contact people with balances in their accounts though, no point having the money sitting in PayPal’s account when they could be earning fees from payments. Even if it’s in an interest bearing account 3.4% plus 20p per transaction is probably more profitable than the paltry rate of interest the banks are paying these days.
Sadly I’m about to list some old laptops on eBay for sale so the balance will probably grow rather than shrink, but thanks for the reminder PayPal, much appreciated 🙂