How do you use Paypal? The other day I logged into one of my Paypal accounts, and realized I had almost $100 in there! I was pleasantly surprised, thought about what I wanted to do with the money, and then logged off the site. That made me wonder if it was weird that I left money in my Paypal account instead of transferring it to my bank account. It got me thinking, and I am now wondering if I should have transferred the money and left my Paypal balance at $0. What am I concerned about?
I worry about someone hacking into my Paypal account and taking all the money. Of course, I don’t know the validity of my concerns and if that’s even a possibility, so take that with a grain of salt.
I also worry about someone making a Paypal claim, and Paypal taking the money back out of my account.
No Return on Investment
Granted, I’m not going to make a ton of money off the money that’s sitting in my Paypal account, but chances are it could be put to better use if it’s paying off debt or in our emergency fund. It’s not working for me if it’s sitting in my Paypal account.
I wonder if I’m the only person out there that has wondered about this. Hopefully I’m not. I will have to admit though, I’m going to transfer all the money out of my Paypal accounts today so I can do something better with it!
How do you use your Paypal account? Do you keep the balance at $0?