WOW... I am amazed on how many of you have had some bad experiences on Pay Pal. I`ve been with paypal for almost 9 years and I`ve never encountered a problem. They never froze my account, or hacked into it. Why? Because I don`t contest to any emails that start off with:
Pay Pal Greets you by your Name: Dear Edgar Monroy or whatever your name is:
Secondly, you can tell fradulent emails when you see hover over the link and you see something like: http://google.apps.mu-right.ru or something like that..
Most emails come directly from www.paypal.com... Also, Mozilla and IE will tell you if the link is fradulent...
Is it safe to keep that much money in Paypal? Well it all depends on how you use it.... One thing I hate is transfering funds into my bank account... It takes upto 5 days to see the money in my bank.
What I did, was I requested a DEBIT card from Pay Pal, which I use as a regular check card, and If I need to transfer money into Business Bank account... I walk up to any Bank ATM, and withdraw the limit: $300.00 a day and deposit into my bank account... This is called Instant Bank Transfer... Who has to wait 5 days? WHY?
I also use my pay pal Card for regular purchases that I dont care to explain to the accountant.. So I treat it like my personal bank... The most I keep is $1200.00 nothing more than that...
Sergio keep me posted
Web Developer / Owner / Consultant
When starting your own business the need to "know-how" is greater than money!