[geeks] grr paypal

James Sharp jsharp at psychoses.org
Fri Feb 22 15:48:24 CST 2002


> Me either; most of the people who complain about PayPal dont realize that
> its NOT a bank - its a FUNDS TRANSFERRAL SERVICE.  I never leave a balance
> of more than $50 in my PayPal account at any time.

Which means its not covered by FDIC...so if PayPal goes into the shitter,
everyone who has money in their account gets screwed.



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