PayPal money market account yielding 5.04%

Chrisman886 · #1 10-03-2006, 02:19 AM

I had no idea about this. I won't personally use it, but I'm sure many people here have a PayPal account and this would be a convenient was to accrue interest. You can check out a prospectus here:

https://www.paypal.com/en_US/pdf/PayPal_Prospectus.pdf

scrilla · #2 10-03-2006, 04:27 AM

http://www.paypalsucks.com

kfellmy · #3 10-04-2006, 03:07 AM

Be careful about leaving over 5K in Paypal. it will trigger an automatic "flagged account" warning in the paypal offices. Likewise withdrawing large amounts will trigger the account flagging.

I sell 100 troy ounce silver ingots so it doesn't take much for my account to get flagged. You have to be on your toes using paypal...they are just like the Congress-they want to "f" you any way possible.

Scrilla-Paypalsucks.com is an awesome site and everyone needs to read it. It will open your eyes.

Sniper · #4 10-04-2006, 05:56 AM

What exactly does having your paypal account flagged mean?

kfellmy · #5 10-04-2006, 12:11 PM

Suspicious activity.

Misfire · #6 10-04-2006, 02:08 PM

Paypal supported the unlawful online gambling enforcement act. I'm not lending them a dime.

farang0 · #7 10-05-2006, 08:39 AM

I had my paypal account frozen with 10 grand in it for no reason and they wouldnt give it back to me for 6 [censored] months.

Paypal sucks major [censored].