Keeping Money In Bank Vs Keeping Money In PayPal: What Would You Prefer?

[Passiveearner]

Since I am boycotting "paypal", I will never be using it in the future. If I am not using it, I will not keep my money with paypal. I am using other payment systems that are far much better than junk companies like "paypal".

PayPal has a very good reputation and would be safe to keep money there for as long as. But you would have no interest.

 

[Edulady]

I prefer bank. Not PayPal. With a bank you can earn some interest for keeping it in there.. with PayPal your money remains the same.

 

[Starmix]

I keep and save money. I save my salary in the bank, likewise, my profit from my milk tea business.

 

[Hate2Wait]

I would not have minded to keep some amount in PayPal but Indian users cannot keep money in PayPal and it's automatically transferred to bank.

 

[Passiveearner]

There are many good reasons why you should never keep your money in payment processors like "paypal". Instead if keeping money in useless payment processors like paypal, it is much better to invest that money in a real asset.

 

[Nite]

Avoid keeping money in PayPal as it could freeze account or set limitations, that can happen without warning and leave you unable to access your funds.

 

[Passiveearner]

I really hate paypal. There are many other better payment processors where you can store your money. Having said that, earning interest is also equally bad. Earning interest damages economy if a country. You can I vest money in assets such as gold, silver, etc instead of keeping your money in ridiculous payment processors like paypal, as it can block your account.

I prefer bank. Not PayPal. With a bank you can earn some interest for keeping it in there.. with PayPal your money remains the same.

 

[cherry123]

I still prefer to have my earnings in my bank account and received the money from online vendors through my bank account

 

[Kosi G]

PayPal was not meant to be keeping money. And it would carry more risk if you keep money there than in the bank.

 

[Nite]

Yes, PayPal was originally designed as a convenient way to make online transactions, not as a traditional banking service.