Do you empty out your PayPal account before each transaction?

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  • GFED
    Confirmed User
    • May 2002
    • 8121

    #1

    Do you empty out your PayPal account before each transaction?

    I empty mine out before ordering each time to keep my accounting straight...

    What do you do?
    https://www.flow.page/savethechildren
  • brickbat
    Confirmed User
    • Apr 2004
    • 740

    #2
    I sure as fuck empty it after receiving a payment Can't be too careful now that Paypal seem to be getting tough on 'adult product' money. I find it easier to fund transactions from a cc too, rather than leaving any money in there.

    Shame there's nothing better around (that I can find, anyway).

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    Comment

    • Manowar
      jellyfish  
      • Dec 2003
      • 71528

      #3
      empty my paypal account once it gets a bit too high for comfort, always leave like $200 in there for anything that needs to be done quickly

      Comment

      • =^..^=
        Confirmed User
        • Jan 2002
        • 6935

        #4
        I take almost all my money out as soon as i recieve it
        i only leave $50 or less in there

        in fact i got an email from them today saying i had receieved a fraudulent payment from someone (liek someone stole someones accoutn to pay me with )

        there's always some shit with them
        #RememberYourRoots #AaronMForGFYHOF

        Comment

        • Marcus Aurelius
          No Refunds Issued.
          • Apr 2003
          • 14809

          #5
          If its over 100 bucks I draw it out with my atm card. Gotta love a paypal debit card. you can actually go about -$600.00 on it before they cut you off. My friend rick brought a refurbed turbo for his car off ebay with an empty paypal account. then paid it back the next week. I hope they never fix that.

          Comment

          • KRL
            Entrepreneur
            • Oct 2002
            • 31429

            #6
            PayPal has 40 million customer accounts. I bet at least 20 million of those leave around $50 to $100 in there at any time.

            Think about that. That means they get a $1 to $2 Billion interest free float going in there.

            Now that's JUICY!
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            • GFED
              Confirmed User
              • May 2002
              • 8121

              #7
              Originally posted by KRL
              PayPal has 40 million customer accounts. I bet at least 20 million of those leave around $50 to $100 in there at any time.

              Think about that. That means they get a $1 to $2 Billion interest free float going in there.

              Now that's JUICY!
              Indeed.
              https://www.flow.page/savethechildren

              Comment

              • DR_PHIL
                Confirmed User
                • Oct 2002
                • 4099

                #8
                i keep like a buck in there for verfications

                Comment

                • SoundMan
                  So Fucking Banned
                  • Nov 2003
                  • 3471

                  #9
                  i keep 3 dolla in there max..

                  Comment

                  • thatjen
                    Confirmed User
                    • Apr 2003
                    • 290

                    #10
                    I now keep my Paypal account at $0 after they accidently closed my account for two months and held all my money. I only use my account for Ebay or non-adult stuff, but still keep it at $0. My question is: since they have your bank account info, can they just go in and take money out of your account if they feel like it? Like if you sell something on Ebay and the person decides to chargeback, can Paypal go into your account and withdraw the money?

                    Comment

                    • BradM
                      Confirmed User
                      • Dec 2003
                      • 3397

                      #11
                      I empty it right when I receive payment and such.

                      Comment

                      • m00d
                        So Fucking Banned
                        • May 2002
                        • 3129

                        #12
                        i keep money in my paypal ive never had a reason to do othewise..
                        mind you I usually have less than $500 in there

                        Comment

                        • shermo

                          #13
                          Anytime money is paid, I immediatly deposit it int my checking account. I can pay just as fast through Paypal regardless of whether or not it's in my checking account or in my paypal account. The only difference is that I don't have to worry about my bank closing it's doors and suspending my funds.

                          Comment

                          • TekayRoyal
                            Confirmed User
                            • Mar 2004
                            • 930

                            #14
                            Originally posted by KRL
                            PayPal has 40 million customer accounts. I bet at least 20 million of those leave around $50 to $100 in there at any time.

                            Think about that. That means they get a $1 to $2 Billion interest free float going in there.

                            Now that's JUICY!
                            well said!.....best post i've seen today

                            Comment

                            • Doctor Dre
                              Too lazy to set a custom title
                              • Jan 2001
                              • 51692

                              #15
                              Definitly not letting more then 2-3 k sit in the paypal account . It took them a year and a half last time I had a problem
                              Originally posted by rayadp05
                              I rebooted, deleted temp files, history, cookies and everything...still cannot view the news clip. All I see is that fucking gay ass music video from "Rick Roll". Anyone else have a different link to the news clip?

                              Comment

                              • Illicit
                                wtf ?
                                • Dec 2003
                                • 11895

                                #16
                                I keep her at Zero
                                Insert Sig Here

                                Comment

                                • 8-Ball
                                  Confirmed User
                                  • Jan 2004
                                  • 193

                                  #17
                                  Originally posted by SoundMan
                                  i keep 3 dolla in there max..

                                  Thats a funny ass sig.

                                  Comment

                                  • wdsguy
                                    Ryde or Die
                                    • Dec 2002
                                    • 19568

                                    #18
                                    I transfer money from paypal to my bank account right after I get it cuz I don't trust those fuckers.

                                    Comment

                                    • Webasic
                                      Confirmed User
                                      • Feb 2004
                                      • 1889

                                      #19
                                      Originally posted by mdcq
                                      If its over 100 bucks I draw it out with my atm card. Gotta love a paypal debit card. you can actually go about -$600.00 on it before they cut you off. My friend rick brought a refurbed turbo for his car off ebay with an empty paypal account. then paid it back the next week. I hope they never fix that.
                                      Can anyone else do this? Because I can't.

                                      Comment

                                      • bignasty
                                        Confirmed User
                                        • Nov 2003
                                        • 1421

                                        #20
                                        i dont trust anyone with my money, i always leave it empty
                                        '

                                        Comment

                                        • m00d
                                          So Fucking Banned
                                          • May 2002
                                          • 3129

                                          #21
                                          Originally posted by Webasic


                                          Can anyone else do this? Because I can't.
                                          never tried to overdraft my paypal acct, dont think Ill test that out

                                          Comment

                                          • demented
                                            Confirmed User
                                            • Dec 2002
                                            • 2388

                                            #22
                                            Originally posted by Webasic


                                            Can anyone else do this? Because I can't.
                                            I did one time on accident. I actually forgot that I sent the money to my bank, and made a purchase with my paypal account. My balance was -$150.23 or someshit.

                                            Comment

                                            • Webasic
                                              Confirmed User
                                              • Feb 2004
                                              • 1889

                                              #23
                                              maybe because I'm in Canada I can't.

                                              Comment

                                              • Spunky
                                                I need a beer
                                                • Jun 2002
                                                • 133978

                                                #24
                                                Hell ya..The money isn't in there more than a hour

                                                Comment

                                                • Matt 26z
                                                  So Fucking Banned
                                                  • Apr 2002
                                                  • 18481

                                                  #25
                                                  Originally posted by KRL
                                                  PayPal has 40 million customer accounts. I bet at least 20 million of those leave around $50 to $100 in there at any time.
                                                  Highly unlikely for many different reasons.

                                                  Assuming the overall Paypal user base accurately reflects the wealth in America, that would mean 50% of American's in general would have to be able to afford to keep $50-$100 just sitting around online for your theory to be correct.

                                                  If you think that's the case, then you are dreaming.

                                                  The typical Paypal user signed up to buy things on eBay. No need to keep money in the account for that anyway.

                                                  Comment

                                                  • Doctor Dre
                                                    Too lazy to set a custom title
                                                    • Jan 2001
                                                    • 51692

                                                    #26
                                                    Originally posted by mdcq
                                                    If its over 100 bucks I draw it out with my atm card. Gotta love a paypal debit card. you can actually go about -$600.00 on it before they cut you off. My friend rick brought a refurbed turbo for his car off ebay with an empty paypal account. then paid it back the next week. I hope they never fix that.
                                                    That's called credit mang ...

                                                    I just emtied mine . I found some money on old accounts I didn't know I had
                                                    Originally posted by rayadp05
                                                    I rebooted, deleted temp files, history, cookies and everything...still cannot view the news clip. All I see is that fucking gay ass music video from "Rick Roll". Anyone else have a different link to the news clip?

                                                    Comment

                                                    • Jace
                                                      FBOP Class Of 2013
                                                      • Jan 2004
                                                      • 35562

                                                      #27
                                                      if you have any ties to the adult world and you keep ANY money in there at all, you an idiot

                                                      my paypal was turned off because a porn domain was linked to my email address through some website that had my email on it, a NON PORN email

                                                      they can shut you off at any time for anything, it is in their terms.

                                                      before they shut me off, when I got money deopsited I would go straight to the ATM and withdrawal it all.....if it was more than my $400 limit I would spend it...i would rather have goods than money held....shit, i would spend it anyway

                                                      Comment

                                                      • Jeremiad
                                                        Registered User
                                                        • Jul 2002
                                                        • 50

                                                        #28
                                                        I refuse to deal with PayPal any more. I had a perfectly legitimate company processing transactions with them as an option, as I hate to only offer my customers credit card transactions. When the heavy investment of initial traffic proved successful, PayPal flagged my account as "suspicious" and never did provide any reason as to why. They held over $8,000 for more than 10 months, and then their "processing and investigation fees" left me with little more than half of the original amount.

                                                        I am not the only one who has been fucked by PayPal. Check out www.paypalsucks.com and make sure you cover your ass if you want to deal with them.

                                                        Ironically, if you appear to be a big enough company with enough contacts and clout to make a potential difference, they seem to be pretty reasonable to deal with. I have dealt with them on several occassions with respect to larger clients that I do administrative work for, and they have been pretty good.

                                                        Crazy, but such is life. If they think they can fuck you, they just might.

                                                        It's up to you, but I say beware. And it's probably not a bad idea to empty that account as soon and as often as possible.

                                                        Jere.

                                                        Comment

                                                        • riosluts
                                                          Confirmed User
                                                          • Sep 2003
                                                          • 5250

                                                          #29
                                                          Originally posted by KRL
                                                          PayPal has 40 million customer accounts. I bet at least 20 million of those leave around $50 to $100 in there at any time.

                                                          Think about that. That means they get a $1 to $2 Billion interest free float going in there.

                                                          Now that's JUICY!

                                                          They might have 40millions customers. but I bet only about 5 million of those are active with about $50-100. Most people just create an account and never use it

                                                          Comment

                                                          • jacklynlick
                                                            Registered User
                                                            • Jul 2001
                                                            • 9

                                                            #30
                                                            Paypal shut me down for using it for adult content, and when they did, they sent me a check of the $250 I had in there. I got the check with in 3 weeks. It was no big deal. But, I use paypal for alot of other stuff, like buying Eddie Izzard DVD's on Ebay.... donating to wild life funds, stuff like that. So, I re-opened an account with them. I always keep a couple hundred dollars in there. I figure if they take me for $200, I'll manage. So far, it's the easiest to use for online stuff that I've found.

                                                            Jacklyn Lick

                                                            Comment

                                                            • Living For Today
                                                              Confirmed User
                                                              • Feb 2002
                                                              • 3970

                                                              #31
                                                              i leave 100 or so in there. i dont use it for adult content though ;) it would be a pain in the ass to lose my paypal account since i use it alot for ebay.

                                                              Comment

                                                              • Ron Bennett
                                                                Confirmed User
                                                                • Oct 2003
                                                                • 1653

                                                                #32
                                                                Emptying account is good...BUT if you gave PayPal your bank account number, you could be in for a surprise one of these days.

                                                                PayPal can and DOES withdraw money via ACH from people's bank accounts.

                                                                Many may think, "who cares, I'm protected"...yes this is true, but the same is true for PayPal when *they* deposit money into one's account via ACH in that they can reverse the ACH transaction later - in that instance, PayPal holds the cards; getting a paper check sent is a way to avoid this particular problem.

                                                                Anyways, not sure what I said makes much sense...it's late...bottom line is if PayPal has your bank account info, they can wreck havoc! And on a related topic, keeping a low bank balance offers little protection - bank will send the person a bill for the difference...what one doesn't know about PayPal and banking procedures can cost them big!


                                                                Check out http://www.paypalsucks.com/ for more details about how PayPal sucks...and do they ever!

                                                                Ron
                                                                Domagon - Website Management and Domain Name Sales

                                                                Comment

                                                                • Bruno
                                                                  Confirmed User
                                                                  • Jul 2001
                                                                  • 1241

                                                                  #33
                                                                  We never leave more than 2k there.

                                                                  Here“s a hint though, a little offtopic but still about paypal. Try to get payments higher than USD800 via WIRE, not paypal.

                                                                  You can be loosing some dollars if you are paying more than 30 bucks per paypal transaction (wire costs about that). Lets say... a 5k payment via paypal means you are paying $200 in fees. You lost $170 because you could be paying $30 to the bank. I know its obvious, but its also easy to forget about that.

                                                                  Take care,

                                                                  Bruno
                                                                  work hard. play hard.

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                                                                  • Nicky
                                                                    Too lazy to set a custom title
                                                                    • Mar 2003
                                                                    • 30071

                                                                    #34
                                                                    I try and empty mine after every received money......

                                                                    gfynicky @ gmail.com

                                                                    Comment

                                                                    • Big Ray
                                                                      Confirmed User
                                                                      • Dec 2003
                                                                      • 464

                                                                      #35
                                                                      If you call PayPal, and wait on hold for an hour.. you can request "Auto Sweep".

                                                                      Every night, paypal will transfer the balance in your paypal account to your checking account. Works great.

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