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What's up with Paypal ?
Posted By: <b>Mike</b><p>I still haven't received this month's interest from PAYPAL and many others I have talked with have only received a fraction of what they usually get. Has anyone heard what is wrong ? Should I get my money out of there now ? Rate is a good 3.99% for a money market account.
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What's up with Paypal ?
Posted By: <b>Brian Martin</b><p>I'd get it out of there as quickly as possible. Years ago, $200 disappeared from my account balance with no explanation. When I contacted customer support, they asked for a screenshot as proof of my former balance. Like I would have kept saved screenshots?! Closed my account and haven't dealt with them since.
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What's up with Paypal ?
Posted By: <b>Marty Ogelvie</b><p><P>I got a 'Cash Back Bonus' on the 4th. I'm not 100% sure this is the same thing as interest on your account but I think it is..</P><P>I have used paypal for ~8 years now and have never had an issue. I have heard horror stories about folks loosing $ from their accounts usually because a buyer filed a complaint or something of that nature and paypal gave them their money back. I typically never keep more than $100 in my account at any one time.</P>
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What's up with Paypal ?
Posted By: <b>Bryan Long</b><p>I never leave it in my account. I always withdraw the cash right away into my bank account. I have never had a problem and I have been using them for quite some time. But, I don't take the risk.<br><br>.
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What's up with Paypal ?
Posted By: <b>Mark T</b><p>take paypal and withdraw it right away. If i am correct, Paypal is not a bank so your deposits are NOT guaranteed. They do offer a high rate but why take the chance.<br /><br />A 6 month CD is pretty good now, i put my son and daughters money and get 4.5 % for 6 months and just keep rolling it over. <br /><br />That is if you don't need the money right away.
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What's up with Paypal ?
Posted By: <b>Frank Wakefield</b><p>Mark, that is a good rate for the present.<br /><br />And where are you guys when someone starts posting about 'investing' in cards?? You guys obviously invest in CDs, interest bearing accounts, other stuff... and you COLLECT cards.
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What's up with Paypal ?
Posted By: <b>Eric</b><p>I do the same as Bryan. As soon as I have money in there, I transfer it out.<br /><br />I had a chargeback issued to me in December. Someone got my item (even had all the emails for proof), then 3 months later, he got his credit card company to reverse the charge. I was out over $700. Paypal couldn't do anything for me because I didn't send the item with a signature receipt, even though I shipped it with insurance, I had delivery confirmation and the emails. <br /><br />Unfortunately I still use them.
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What's up with Paypal ?
Posted By: <b>Fred C</b><p>Eric,<br /><br />Sometimes it's a necessary evil. I'm not a big fan of paypal but sometimes you just don't have a choice.
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What's up with Paypal ?
Posted By: <b>Eric</b><p>True......true
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What's up with Paypal ?
Posted By: <b>Mark T</b><p>There are a bunch of small banks in CT with better rates than the big guys. My wife and i have been investing all my kids money they get for Christmas and birthdays in CD's. They don't need the money for a long time and it seems the 6 Month CD rates are the highest. I just rolling the $ over and you would be surprised how much the cash adds up over time.<br /><br />
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What's up with Paypal ?
Posted By: <b>Rob Dewolf</b><p>I've used www.bankrate.com to search for the most competitive CD rates nationwide, and it has worked well.<br /><br />(I have no affiliation with the Web site.)
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What's up with Paypal ?
Posted By: <b>Steve</b><p>The only problem now with the 6 month CD is that next time you go to roll it over you will be getting 3.50 at best.<br /><br />Luckily, 3 months ago I took one of my CD's and switched over to a 11 month one at 5.50. I still though have few that mature every 91 days and those are gonna get a low rate next time around.<br /><br />Every time the Fed reduces the rate the CD's suffer.<br /><br /><br />Steve
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What's up with Paypal ?
Posted By: <b>leon</b><p>Every time the Fed rate goes down a cd might suffer but my SBA loan rate goes down.....I guess that is their plan. <br />I try not to leave much in my paypal account as I don't like the horror stories I have heard in the past.....regards
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