Please dont say, "No because someone could hack into your account online and take all your money away" because that would be true of ANY online banking -- or if someone stole your checkbook, etc.. I want to know how safe/unsafe as compared to traditional banking and other online banking.
2006-12-24 06:51:17 · 9 answers · asked by Danno_D_Manno 4 in Business & Finance ➔ Personal Finance
I have had money taken out of my paypal account 4 times in a month (BIG amounts ) and some small..They tell me it's my fault because they have good security so I must not be clearing my cookies or be giving someone access to my account.. NOT TRUE... I had for them for years and no problems until here recently.. Be careful..they are not as SECURE as they make you think. Checkbook has nothing to do with paypal..they would need to know your login addy and passsword or have your debit card #. ING direct is VERY good and pays WELL if you are looking for something online savings.
2006-12-25 15:30:05 · answer #1 · answered by chilover 7 · 1⤊ 0⤋
Legit online banking is on the rise.
They are going to make it safe if they want customers.
Therefore I would think it would be very safe.
Go to Paypal or whatever bank you want to put money and ask them those questions sometimes they are in the FAQ's
2006-12-24 06:54:19 · answer #2 · answered by Tapestry6 7 · 0⤊ 0⤋
I suggest that you transfer the unused money to your bank account from Paypal. PayPal is one of the most popular online money transfer systems widely used for online auctions, pay to surf programs, e-books and purchase of low value goods. It is now a part of the online auction website eBay. More details available at http://www.money-transfer.in/paypalindia.html
2006-12-26 21:31:59 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I would not recommend keeping large sums in PalPay if you continue to trade on eBay.
It only takes ONE transaction to go wrong and PayPal will 'freeze' your account no matter who is to blame.
They may decide to take YOUR money even AFTER your prove the OTHER GUY is a crook !
Whatever happens it can take MONTHS to get it unfrozen.
2006-12-28 02:57:13 · answer #4 · answered by Steve B 7 · 1⤊ 0⤋
In a traditional bank your money can get stollen. However, most banks are insured and with the rise of online banks your money should be secured. Just question paypal regarding their security techniques and business insurance.
2006-12-24 07:17:07 · answer #5 · answered by Key Key 2 · 0⤊ 0⤋
I have had a large sum in pay pal for about a year I haven't had any probable yet Plus you can get 5.3 Percent inserterst on your money that's not bad
2006-12-24 09:03:14 · answer #6 · answered by rickkritcher 3 · 0⤊ 0⤋
I wouldn't trust it. I had $200 on a pay-pal account before and somebody stole my money. Luckily I got it back but I wouldn't trust it.
2016-03-13 21:52:16 · answer #7 · answered by Anonymous · 0⤊ 0⤋
if you go to ask any on-line banking, for sure they would claim that they have this encrypted, high-tech, state of the art whatever and that they are very secure and safe....until something *****-up!
they might be secure but there is no 100% guarantee in life!
2006-12-24 07:05:34 · answer #8 · answered by Anonymous · 0⤊ 1⤋
Need more details
2016-07-28 06:58:03 · answer #9 · answered by ? 3 · 0⤊ 0⤋
thanks to each and everyone of you guys for the answers!
2016-08-23 13:38:03 · answer #10 · answered by Anonymous · 0⤊ 0⤋