Are online banks in danger of falling aswell?

In the longer run, possibly; but because sites such as these deal in high volume, low amount transactions mainly I don't see there being any slowdown int the immediate future at all. If anything, the lower cost options these service providers offer will become more attractive and transactions will actually increase. These types of services do not answer to the same forces as a standard bank would either, so the effects of market influences that traumatize major banks and financial institutions are unlikely to have much of an impact on the PayPals etc of this world in my opinion. Another important aspect to consider is that online financial services providers are not tied up with huge amounts of money from single sources like the merchant and investment banks are. When you have managed to spread and diversify the transactions into micro payments like these providers have done you in turn spread and mitigate the risks considerably. Their operational costs are far less as well.

Hi mimpi....how are you? I am doing fine.Hope for the same with you too. You have asked a very relevant question.It might be a possibility. Though I don't have much clue still I attempted to respond mainly to get in touch with you.Lol. Love and hugs to my sweet friend.

Little bit of concern is there about this matter.I think some one in mylot can answer this topic.

I never attach to much importance to the online earnings. Because it is not safe to say that our earnings are secure, until the virtual cash is converted in to the real one, after clearing all the hurdles in between. So their are many a chances for us to lose our money, other than the chances of online banks becoming bankrupt. PS: I just thought how my friends here are doing, so i decided to peep for a second here in mylot, and that's it. Take care Mimpi.

Hello mimpi. When I think of this, I feel a little bit scared about it. But I am still full of confidence about these online banks like Paypal and such. They are just online banks and probably they are a safe place for us? Well, I hope so otherwise I will never be able to use the earnings I have got from mylot. In fact, I have not used a single cent out of it, but I invested six dollars at an Indian online bank and have already generated close to 20 dollars after a few months. It is fun on my side when I see the cents grow day by day. I hope that nothing will influence the online banks because of the global recession. Bless us users with those online banks and offline banks as well. Good luck to you, to me and to us all.

Hi dear Well, i dont think thats those banks are going to be in danger as if any one of them collapse then online banking and internet shopping will be distrub, which will create more panic, so i am sure Bail out plan must be helping them too Take care

online banking is not so popular.maybe its because people think,it lacks the desired stability.i donot think they will fall sooner as the people who are operating this business wouldnot want to go in for a loss.

I do not have much idea about online banking portals like Paypal. I think these are only services for making payments. These on-line payment services should not be equated with banks. Banks crumbling in USA etc. should not have much effect on these kind of payment sites, this is what I understand. We are sitting miles apart, if something has to happen to these kind of on-line services, it will happen, we cannot prevent it.

I think the economy is like a Ferris Wheel. It goes up and it goes down. Both individuals and financial institutions need to have a grasp of this simple truth and plan accordingly. If they do, they weather the downs and live to see the ups. If they live for the moment, then when the economies tumble they tumble with them. It is all a matter of taking personal and corporate responsibility. Therefore, one program may survive while another fails.

Hi Mimipi, With PayPal and the like they don't lend people money so I think they will probably be okay but to be quite honest I haven't a clue really but I don't think people will go back to hiding money under mattresses either. Sad situation really. Huggles. Ellie :D

I don't really have an opinion on this one since I only started using Paypal when I joined myLot and that pretty much sums up my knowledge on online banks. But I'm glad you started this discussion so I could read what others who are more knowledgeable (I hope they are) on this subject have to say.