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Payenemy Closing

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biggfredd
Rest in Peace
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 Posted 06/24/2011  7:23 pm Show Profile   Bookmark this topic Add biggfredd to your friends list Get a Link to this Message Number of Subscribers
Money Market Fund.

Hello,

Thanks for using PayPal and the PayPal Money Market Fund. Unfortunately, we've decided to close the Money Market Fund, effective 7/29/11.

What does this mean for you? PayPal will transfer any undisbursed dividends you've earned into your PayPal account within 7 business days after we close the fund. Don't worry; you don't have to do a thing.

Your 2011 tax documents will continue to be available on the Fund Summary page in your PayPal account throughout 2012. You'll receive a tax statement from PayPal only if you've earned $10 or more in dividends in 2011.

Thanks for your understanding,
PayPal
SsuperDdave
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 Posted 06/25/2011  2:03 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Heh. Finance is more difficult than you thought, isn't it, Paypal?
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biggfredd
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 Posted 06/25/2011  3:33 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Considering they were originally going to be free, regardless of the payment source, it always was beyond their comprehension. Yep, they thought they'd cover the 2% bankcard charges by investing money at 1% a year.
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