PayPal to Block Landlord Business Accounts from Receiving Fee-Free Rent

PayPal price stickers cover a row of multifamily housing in Colorado. Total fees to collect rent are $30 to $53 per unit per month.

Starting July 28, 2022 PayPal will block rent payments using the fee-free “friends and family” option. This has been expected for years, although many landlords still collect rent for free in circumvention of the terms and conditions. Starting with August rent collections, the fee will be mandatory or else the transaction will not go through. […]

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