PayPal Waiving Fees for Upcoming Stimulus Checks
PayPal Holdings (NASDAQ: PYPL) is giving its clients a break for the holidays. The company announced that it will charge no check-cashing fees for the stimulus checks that will (hopefully) be sent to all Americans soon. Typically, the company's cash-a-check feature generates a fee for this action.
Similar to services offered by traditional banks these days, cash-a-check allows PayPal account holders to snap a picture of their check and upload it through the company's system. Funds are then disbursed.
Image source: Getty Images.
Source Fool.com
