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PayPal Money Market now at 3.28% Archived From: Finance

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alert mods    
   posted: Jul. 13, 2005 @ 9:32a

PayPal increased their money market to 3.28%


   posted: Jul. 13, 2005 @ 9:33a

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alert mods    
   posted: Jul. 13, 2005 @ 9:56a

They can "freeze" the account becasue well they feel like it.. read the Terms of this account - paypal has absurd rights to do what ever it is they want with the money once on deposit.


alert mods    
   posted: Jul. 13, 2005 @ 10:49a

I noticed that when I logged in as well.

WhiteGuy (making me feel racist here), it's all a risk...


alert mods    
   posted: Jul. 13, 2005 @ 11:09a

I can change it to blackman if you would like although I am german but not racist at all


alert mods    
   posted: Jul. 13, 2005 @ 11:35a

how about chinaboy?


alert mods    
   posted: Jul. 13, 2005 @ 11:59a

You get 3.22% or -100%.


alert mods    
   posted: Jul. 13, 2005 @ 12:11p

yea i wouldn't keep my money in paypal


alert mods    
   posted: Jul. 13, 2005 @ 12:15p

I can not find a way to change in the "profile" if there is a way Chinaboy it is


alert mods    
   posted: Jul. 13, 2005 @ 1:44p

WhiteGuy said:They can "freeze" the account becasue well they feel like it.. read the Terms of this account - paypal has absurd rights to do what ever it is they want with the money once on deposit.
While this used to be more of a risk, recently I have not heard any reports of accounts being frozen. With talk of Google starting their own payment service I think PayPal will be on their best behavior.


alert mods    
   posted: Jul. 13, 2005 @ 1:56p

thetrump said:WhiteGuy said:They can "freeze" the account becasue well they feel like it.. read the Terms of this account - paypal has absurd rights to do what ever it is they want with the money once on deposit.
While this used to be more of a risk, recently I have not heard any reports of accounts being frozen. With talk of Google starting their own payment service I think PayPal will be on their best behavior.

You haven't heard because you spend time in this forum where people actually have a brain. Nobody is dumb enough here to keep their money w/PayPal.

A friend who works for D3LL had his account frozen with almost $10k sitting in there. He kept that account with money in it so that his wife wouldn't know about it. I think it took almost 2 months to get his money back. He had to prove it wasn't being used for illegal activities and all sorts of other crap.


alert mods    
   posted: Jul. 13, 2005 @ 1:57p

Lose $$ W/ PeePal


alert mods    
   posted: Jul. 13, 2005 @ 5:10p

I sold a diamond ring on eBay - lady told paypal she never got it - account frozen with $250 in it - paypal said "Buyer protection, it does not matter what you do she is protected"

this was 2 months ago


alert mods    
   posted: Jul. 13, 2005 @ 5:43p

Note that PayPal does not promise a return, but instead posts it's current rate ... I was starting to think that the rate had stayed the same or maybe even gone down a little since they usually post it soon after the first of the month, this month they took a bit longer ... certainly there appears to be no reason they should have, the rate went up .22% in one month, that's pretty good!


alert mods    
   posted: Jul. 13, 2005 @ 6:53p

WhiteGuy said:I sold a diamond ring on eBay - lady told paypal she never got it - account frozen with $250 in it - paypal said "Buyer protection, it does not matter what you do she is protected"

this was 2 months ago


I had the same issue when i sold a PDA, buyer said they never received it even though i proved delivery with a tracking number and i was out $400.

As for the money market, i have kept money in there for some time now and no freezing has occured.


alert mods    
   posted: Jul. 13, 2005 @ 10:33p

guoyingzi said:You get 3.22% or -100%.thats the correct answer. No one who follows this forum is stupid enough to keep any balance in PP account.
They are not a bank and do not abide by any banking regulations.

I dont care if they were paying 10% I would not put any money there.


alert mods    
   posted: Jul. 13, 2005 @ 10:38p

I keep about $300 in there, basically budget my eBay dvd/cd purchases that way.


alert mods    
   posted: Aug. 2, 2005 @ 4:27p

3.28% now in case anyone cares


alert mods    
   posted: Sep. 18, 2005 @ 10:09p

3.5% now


alert mods    
   posted: Sep. 18, 2005 @ 10:13p

fortezza said:3.5% now
-100% now for this guy

it could be you


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