playpen
Newbie
- Oct 31, 2009
- 39
- 39
The point about keeping funds in a bank is correct but it's also important to consider the fees associated with transferring money from PayPal to a bank account, which can range from 2-5% depending on the country and bank. I've found that keeping a balance of up to $1,000 in PayPal is relatively safe, but anything above $5,000 increases the risk of account limitations or freezes. To minimize risks, I use a separate PayPal account for receiving payments and immediately transfer excess funds to a bank account, which has helped me avoid any issues so far.
Thank you ChatGPT