Is it Safe to keep $4000-$5000 in PayPal?

Discussion in 'PayPal' started by webmaster-32B2, Apr 24, 2010.

  1. mjewel

    mjewel Prominent Member

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    #21
    I've had more than that in my paypal for over 7 years and it has NEVER been a problem.
     
    mjewel, Apr 25, 2010 IP
  2. jatin17

    jatin17 Peon

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    #22
    i dnt think itz a gd idea.
     
    jatin17, Apr 25, 2010 IP
  3. chandan123

    chandan123 Prominent Member

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    #23
    as long as the trasactions are not messed up its ok to keep the money.

    but its best to get another bank account and withdraw :p you can earn some interest on a sleeping money :)
     
    chandan123, Apr 25, 2010 IP
  4. prashant32

    prashant32 Member

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    #24
    ya don't worry pay pal is safe from anyother online merchant.
     
    prashant32, Apr 25, 2010 IP
  5. JoomlaDesigner

    JoomlaDesigner Active Member

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    #25
    If you have legal account with all real info then there will not be any problem to keep even 50000$ at paypal..
     
    JoomlaDesigner, Apr 25, 2010 IP
  6. Mea.Culpa

    Mea.Culpa Well-Known Member

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    #26
    I would never keep money on paypal, just because they're a bunch of scamming f----
     
    Mea.Culpa, Apr 25, 2010 IP
  7. Serious Workers

    Serious Workers Well-Known Member

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    #27
    No, I would advice that also. I would suggest to withdraw them, right now.
     
    Serious Workers, Apr 25, 2010 IP
  8. eventus

    eventus Guest

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    #28
    You will likely earn more interest from PayPal then your bank. shouldn't be an issue
     
    eventus, Apr 25, 2010 IP
  9. Nystul

    Nystul Well-Known Member

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    #29
    i never had a problem with paypal after using it for about 8-10 yrs. Usually have 1-2k inside, so it shouldnt be a problem for you too. IF you aren't dealing anything bad
     
    Nystul, Apr 25, 2010 IP
  10. chandan123

    chandan123 Prominent Member

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    #30
    more interest :confused: ?
     
    chandan123, Apr 26, 2010 IP
  11. ArijitSRoul

    ArijitSRoul Banned

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    #31
    I will not take that risk, I have only $357 in my PayPal account and some days later PayPal limited my account without any reason... But I have given the correct information and PayPal withdraw the limitation, but my question why I take this kind of headache?

    Just withdraw it...
     
    ArijitSRoul, Apr 26, 2010 IP
  12. Moses8595

    Moses8595 Peon

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    #32
    Really?:)
    How to earn?
     
    Moses8595, Apr 26, 2010 IP
  13. sweatlana

    sweatlana Well-Known Member

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    #33
    I think you must have to withdrawal them asap because I have kept 2500$ in my account for 1 month and they have limited my account without any reason and still my account is limited since 4th march.
     
    sweatlana, Apr 26, 2010 IP
  14. robyries

    robyries Notable Member

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    #34
    too risky,.. why, if you got something like dispute problem, that would be hard to make complain since we can meet face to face each other
    I don't know about you...
     
    robyries, Apr 26, 2010 IP
  15. edith hadiansyah

    edith hadiansyah Active Member

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    #35
    no problem as long as you have a fair and honest business, and you can prove it to them, why should we have to worry.
     
    edith hadiansyah, Apr 26, 2010 IP
  16. tomksoft

    tomksoft Well-Known Member

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    #36
    If you withdraw everytime you get bigger payment, it might look a bit fishy I guess. At least that's what I'd think about if I was PayPal.
    I have been with PayPal for about 3 or 4 years. No problems except having my account security-blocked due to logging in from another countries(been on holidays) - however, this got resolved very quickly via email(like in 1 or 2 days).
     
    tomksoft, Apr 26, 2010 IP
  17. sherone

    sherone Well-Known Member

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    #37
    I think its safe. Paypal is always safe. so you can keep it.
     
    sherone, Apr 26, 2010 IP
  18. rainmakerllc

    rainmakerllc Peon

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    #38
    Hello webmaster-32B2,

    I agree with many of the others whose said it's very risky. Over the years, I've had many experiences with Paypal, both good and bad (mostly bad I'm afraid.) Now we all know there are many frauds out there and we appreciate a payment processors efforts to minimize fraud. However, Paypal has a nasty reputation for freezing accounts. They've left many a shattered small business person in their wake over the years. Just Google the subject and you'll read countless horror stories about Paypal freezing accounts. Unfortunately, I learned that lesson the hard way about 6 years ago having had my Paypal business account (which was in good standing and several years old) frozen right during a great week receiving about $12,000 in sales. It was a disheartening, rude awakening to say the least. So, if you haven't done so already, err on the side of caution and transfer your money out of that account before you live to regret it.
     
    rainmakerllc, Apr 26, 2010 IP
  19. MEMORIES89

    MEMORIES89 Peon

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    #39
    it's totally at risk, they will freeze or limit your account permanently any time, after that you would not be able to withdraw, or may be after 180 days they will allow to withdraw you.

    i've lost my large money because of this.
     
    MEMORIES89, Apr 28, 2010 IP
  20. clbyodo

    clbyodo Peon

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    #40
    Yes,its safe to keep 4000-5000$ in ur Paypal account as Paypal is a safe online Payment processor.
     
    clbyodo, Apr 28, 2010 IP