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why 3% fee when transfer from paypal to linked US account, no fee last month

### Title: Why a Sudden 3% Fee When Transferring from PayPal to My Linked US Account?

Hello everyone,

I hope you are all doing well! Today, I want to share an issue that has recently popped up in my financial transactions and see if anyone has some insights or can help clarify the situation. Here are the details:

I am an Australian resident who has an online brokerage account with Charles Schwab. This account is used for trading US stocks. Previously, I had linked my PayPal account (which held US dollars) directly to my Schwab account under JPMC (JPMorgan Chase). What was great about this setup is that I could transfer money from PayPal to my trading account without incurring any fees.

Things were smooth until yesterday, when I noticed that PayPal now charges a 3% fee for transfers from my PayPal account to my linked US account at JPMC. The fee structure had never been a concern before, as it was zero, but now it suddenly includes a noticeable percentage.

This seemingly abrupt change in the fee policy is puzzling. To illustrate, here’s a brief timeline:
– Previous Transactions: No fee when transferring from PayPal to my Schwab linked account.
– Recent Transaction: A 3% fee on the same type of transfer.

The sudden imposition of this fee adds an extra layer of cost to my investment transactions, which I find unacceptable. It’s important to note that neither PayPal nor my brokerage mentioned anything about upcoming changes to these terms. I’ve tried reaching out to their customer service, but so far, their responses have been generic and haven’t fully addressed the issue.

If anyone else has encountered a similar situation or has experience with fee changes from PayPal, I’d love to hear from you. Specifically, here are my questions:
– Has anyone else noticed this change?
– Could this be a mistake or a regional issue?
– Are there alternative methods to transfer funds from PayPal to my JPMC-linked Schwab account without fees?

Thanks in advance for any assistance or information you can provide. It’s moments like these that make one appreciate the importance of monitoring financial transactions and services. Stay informed and stay aware!

Kelvin
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Feel free to share this blog post on your platform, and maybe it can help others dealing with similar issues or looking for solutions to this unexpected fee!