How to make money safe on PayPal ???

Discussion in 'PayPal' started by hemp, Apr 29, 2009.

  1. #1
    well i have heard of many peoples getting their money lost from their paypal acount so how to make money safe on paypal account or shall we never keep money in paypal and always withdraw them to a bank account ???
    do any one have suggestion..
     
    hemp, Apr 29, 2009 IP
  2. CJonline

    CJonline Peon

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    #2
    The only people who have to worry about losing money on Paypal are sellers on Ebay and that's only when the customer is dissatisfied. Because then you have to refund the money which paypal sometimes does without your permission but you still get back what you sold so just sell it again.

    But even if you do withdraw it to a bank account, you won't be able to use your paypal account because then your account will have a negative balance once paypal needs to withdraw the money. I've never lost money on Paypal and I've used it for like 8 years. The worst case scenerio is that I have to re sell my item on Ebay.

    Bottim line Paypal is safe.
     
    CJonline, Apr 29, 2009 IP
  3. Digital_shubhi

    Digital_shubhi Illustrious Member

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    #3
    Well, If you don't keep much money then its ok.

    I generally don't keep more than $100 in Paypal ! :) I withdraw it whenever it exceeds that limit.

    And don't do anything wrong in your paypal. Deal with verified members.

    - Digital -
     
    Digital_shubhi, Apr 29, 2009 IP
  4. lifeplayer

    lifeplayer Notable Member

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    #4
    "money lost from their paypal acount" only happen when your paypal account get hacked. However, althrough your Paypal account get hacked, normally it will freezed, you just need to end document for verification. I have no idea how the money get loss eventhrough i use paypal for about 4 years
     
    lifeplayer, Apr 29, 2009 IP
  5. hemp

    hemp Peon

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    #5
    well you are right i too do the same but withdrawing amount less than 7000 we are charged 1usd.
     
    hemp, Apr 29, 2009 IP
  6. RightMan

    RightMan Notable Member

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    #6
    OP is perhaps asking this question due to frequent limitation that one gets to hear on this forum, which blocks the money for 180 days if one is not able to satisfy the paypal query.

    It is always prudent to keep the minimum required balance in Paypal and enjoy a good night sleep! :rolleyes:

    Regards,

    RightMan
     
    RightMan, Apr 29, 2009 IP
    Digital_shubhi likes this.