is the paypal money market account a good idea? can anyone put it into laymen terms for me? anyone use this?

Question

i hope you understand i am talking about the paypal money market investment opportunity, not just my normal paypal account which i already have.

Answer 1

It's a great idea. Most internet transactions are done with a Paypal type account.

Think of it as "la la land" money..... it doesn't really go into a bank (like savings) but once you sell something and get paid through paypal, I like to think of it as spending money that doesn't affect my bank account.

Now, paypal will be fussy;, it wants to know your bank, your number, and will be very particular - but that's for YOUR safety. Once you have a paypal account, you can transfer any $$ there into your savings or toward your charge card or just use it to buy internet things without affecting your charge card..... up to you.

If you don't like paypal, you can always get yourself a charge card with a $50 limit...... and that way you're protected ..... paypal's never been a problem for me though.

Answer 2

Yes, setting up a PayPal account is a great idea. The service is easy to use, and it protects you from fradulent transactions online (because sometimes all of us need a little extra help dealing with online sellers).

When you sign up, open a new browser window and type in https://www.paypal.com.

There are a lot of scams on the internet claiming to be PayPal. If you ever get an email about your PayPal account being hijacked, ignore it, delete it; PayPal doesn't do business that way.