Does PayPal give any interest for the money you keep in PayPal?

@boyuancy (1709)
India
October 16, 2011 7:33am CST
If I kept the same amount of money in the actual bank account I would receive interest but is it valid for PayPal. If so then what's the interest rate? If not, why not?
1 person likes this
8 responses
@kingparker (9698)
• United States
14 Dec 11
Hey, don't ask me, but I knew that paypal won't pay you any interest if you have some money in their watching. You only can transfer that money to your savings to your other bank account to earn some interest, or withdraw it to spend it. Don't expect too much from paypal. You won't get much from them though.
@stanley777 (7177)
• Philippines
12 Dec 11
Paypal is a payment processor not like a bank where you can deposit and earned interest. I guess it's more like a credit card but don't earned interests. So the best you can do is withdraw your money from Paypal and deposit the money in a bank to earn interest.
@syoti20 (5295)
• Philippines
31 Oct 11
Sorry, boyuancy. Paypal don't give interest for the money you keep on your paypal account. But try to use the link below on How to get Paypal Bonus which they currently offering to the Merchants. https://cms.paypal.com/ph/cgi-bin/?cmd=_render-content&content_ID=ua/MerchBonus_full&locale.x=en_US
@few00cent (2143)
• India
21 Oct 11
Paypal is not a Bank so they don't pay interest on your fund..indeed, paypal is Online money merchant and they charge fees for each transaction you get/made.You can read more on Paypal TOS on this issue.
@venkit (2957)
• India
20 Oct 11
no pay pal will not give you interest. In India, reserve bank of India forced paypal to give interest to the money that they keep for more than 7 days, so paypal just alerted the users to withdraw money with in 7 days. paypal dont give interest its a Fact, and i belive thats what they gain from their users.
@romscabs (311)
• Philippines
16 Oct 11
I don't think paypal give interest on members money. They are not a bank or something like that. Although it acts like a depository whatever, they won't be able to pay everybody an interest.
@owlwings (39247)
• Cambridge, England
16 Oct 11
PayPal is a payment provider. It is NOT a bank. While it is possible (for some) to hold a balance in PayPal, it is not what the service is primarily for. They don't pay interest because you are not expected to use it as an investment facility. If PayPal do make any profit from any balance you have, it merely helps them to keep their transfer charges lower ... and some transfers are completely free!
@varier (5699)
• Indonesia
16 Oct 11
Nope, you will not receive any interest from Paypal even you have a lot of money on your account.. :P Why not? Because Paypal is NOT a bank.. They are only a payment processor, they run a different system .