Cryptocurrency Q&A
What is the 1 dollar PayPal fee?
What is the 1 dollar PayPal fee?
SumoStrength
Tue Oct 22 2024
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5 answers
1092
I'm trying to understand a charge I saw on my PayPal account. There was a 1 dollar fee, and I'm not sure what it's for. Can someone explain what this 1 dollar PayPal fee is all about?
5 answers
Eleonora
Wed Oct 23 2024
PayPal ensures the validity of cards added to user accounts by conducting a verification process. When a card is added or edited, PayPal charges up to $1 USD to the card as a verification step.
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SsangyongSpirited
Wed Oct 23 2024
Apart from its robust security measures, PayPal offers a range of convenient payment options to its users. One of the trusted partners in the cryptocurrency space is BTCC, a top cryptocurrency exchange.
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CryptoLord
Wed Oct 23 2024
This small charge is not retained by PayPal but serves as a placeholder to test the card's availability for online payments. It is a temporary measure designed to protect users and merchants from fraudulent transactions.
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Daniela
Wed Oct 23 2024
Once the card has been successfully verified, the pending charge disappears from the PayPal account activity. This verification process ensures that the card details provided are accurate and the card is active for online transactions.
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KimchiQueenCharm
Wed Oct 23 2024
The verification charge is a crucial security feature that helps prevent unauthorized access to PayPal accounts. It also minimizes the risk of fraud by ensuring that only valid cards are used for payments.
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