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Rekna · 06-09-2006, 08:32 AM

I have thinking about putting some money in a paypal account for a while now and I am wondering if anyone else has done this and what their experiences are.

The reasons i'm thinking about doing this is the money is easily liquidatable. I can transfer it to my bank account within 3 days with no fees, spend it on ebay, or use their debit card. The debit card is nice because it has 1% cash back. In addition money sitting in your account is placed into their money market account which is currently getting around 4.75%. As far as I can tell there is no minimum balance and there is no fee's whatsoever.

Has anyone else looked into this?

06-09-2006, 08:32 AM	#1 (permalink)
Rekna Junkie	Paypal Investing I have thinking about putting some money in a paypal account for a while now and I am wondering if anyone else has done this and what their experiences are. The reasons i'm thinking about doing this is the money is easily liquidatable. I can transfer it to my bank account within 3 days with no fees, spend it on ebay, or use their debit card. The debit card is nice because it has 1% cash back. In addition money sitting in your account is placed into their money market account which is currently getting around 4.75%. As far as I can tell there is no minimum balance and there is no fee's whatsoever. Has anyone else looked into this?