Why I like Pay Pal

August 15, 2003 – 10:01 pm

I use PayPal in conjunction with my bank account even though I don’t do much eBaying. Here are the benefits:

  • Check Card (free)
  • Money Market Account (free) (right now earning about 1.09% on my PayPal Balance… It is like a CD with no specified length… when the money is there you earn money on it, when you want to use it you can.)
  • Easily and securely pay money to many online stores. Without worrying about if they take Dollars or Euros or Yen.
  • Easily and securely receive payments (or donations)
  • Fraud Protection.
  • The only drawback I see is that it is not FDIC insured… so the Money Market (if you sign up for it) can lose money…

    If you want to sign up, Get $5 and get me $5 also. The catch is you have to finish 5 steps to get the $5… The hard ones are transferring $250 from your bank account, and deciding you do want to sign up for the Money Market Account. But if you do, you get $5, and so do I (only if you use the link above :-) )

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