Beware PayPal may go bust!

**temi** · 02-25-2007 05:59 PM

I usually accept large payment for my services via direct bank credit but I had this interesting customer who insisted on paying via PayPal. It was quite fascinating to see the warning in attached screenshot. Well, it goes to show that the government are not taking any chances with our money :)

**notvaliduser** · 02-26-2007 02:46 PM

I don`t get it. You have to pay taxes for the money you received ?

**temi** · 02-26-2007 03:05 PM

Dks, yes, you do have to pay tax for your income, but this is not what this warning was about, it was about the fact that PayPal can stop trading and if that should happen and you have money with them when they stop trading you may not get your money back

**notvaliduser** · 02-26-2007 09:10 PM

I understand now, thanks for the expl. Temi

OldWelshGuy · 03-01-2007 12:00 PM

I don't leave large sums in paypal anyhow, they are transferred out more or less right away.

**joecool6101** · 03-03-2007 04:58 PM

Yes i have had $100 trapped in my account! Never again will i ever leave anything over $20 in the account.

**temi** · 03-03-2007 05:02 PM

Joe,
Was you account not a confirmed account?

**joecool6101** · 03-03-2007 07:02 PM

No it wasnt because i didnt have a credit card nor did i want one.

**temi** · 03-03-2007 07:03 PM

Now I understand, that is terrible (i mean that you lost money to paypal) what do you use now, moneybooker ?

**notvaliduser** · 03-03-2007 07:07 PM

Moneybookers is a good option , toough they seem to have a problem with their email sistem. Anyway paypal is more popular , still it doesn`t allows members from RO and other countries :(