Wednesday, February 01, 2006

PayPal to Collect Fees on Deposits

Jim Finkle writes for Reuters:

eBay Inc., the online auction house, will start collecting a fee to manage money deposited in its PayPal Money Market Fund, the company said.

PayPal, an electronic payment service with some 87 million customers in more than 40 countries, sweeps funds that customers keep in their accounts into the money market fund.


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