Is Our Money Still Safe With Paypal?

@mjmlagat (3171)
Philippines
October 6, 2008 2:49am CST
I'm just wondering about this, taking into serious consideration the present economic crises our countries are facing these days, is it still safe to keep our money with paypal or we need to transfer it to our bank account? Please share your thoughts Guys! Thanks.
2 people like this
5 responses
@Carrano (36)
• United States
7 Oct 08
Like they say do not risk more than you can afford. Paypal is no different as their is no guarantee they will forever be around. However, I think it is safe to say they will still be around even though the economy is down. Remember, PayPal is NOT a bank! Many people I know get confused about that.
@mjmlagat (3171)
• Philippines
7 Oct 08
Thanks for the reminder. Happy posting!
@pimagro24 (1046)
• Thailand
6 Oct 08
I think it more safety for money but I think I can use to transfer my money and i think not keep more money in your account it's the best way
@mjmlagat (3171)
• Philippines
6 Oct 08
Thanks!
@underdogtoo (9599)
• Philippines
6 Oct 08
I don't have too much money with paypal and I am still trying to raise some funds for the purpose of spending it online. Paypal is the only way that I will be able to do this so I will just have to stick with it. Cheers!!
@mjmlagat (3171)
• Philippines
6 Oct 08
Cheers! Thanks for the response.
• Australia
6 Oct 08
i think there is no problem to have your money with the paypal because its a very renowned company having its tie up with many big organization of the world so it cant run away as if the other companies does and in fact when we want to do the online shopping its the only trust worthy bank to me
@mjmlagat (3171)
• Philippines
6 Oct 08
but are you forgetting the known and bigger banks that recently closed? I hope you're right, I still have my money with paypal. Thanks for the response and have a great day ahead!
@arthi_88 (1518)
• India
6 Oct 08
I am not quite sure about its safety like you...I have tranfered majority of my money into my bank account cause in present condition of the world economy you can't trust anybody with your money..
@mjmlagat (3171)
• Philippines
6 Oct 08
Thanks for the reminder..I agree with you.