We all know about policy updates. Sometimes it is quite transparent, while other times it can be masked as a ‘soft update’. In our opinion, we feel policy updates are usually not in favour of the users, which is kinda logical. Since all companies are supposed to be profit-making in nature. Today (as of 31st October 2020), a policy update by PayPal has been made effective, which is likely to render Singaporean users with a US bank account, i.e. users with a TransferWise USD bank account, less inclined to continue using their services. Here’s why. Amendments to USD withdrawal fees which sets users outside of the USA back with an expensive 3% fee. Yep, you heard us right. Image Source: Freepik Suppose you were using a TransferWise bank account or any regular USD bank account to withdraw USD from your PayPal balance previously. In that case, this is effectively a hard counter to the conversion rate bypass....