Is it good to let my money to Paypal account ?
By Hliasvl
@Hliasvl (142)
Slovak Republic
November 21, 2010 10:03am CST
From my work in internet I earn some money.
Those earnings are coming to my PayPal account.
I have a plan to earn some money for my holidays next summer.
Is it good to keep my earnings to PayPal till next summer ( JUL ) or better to transfer them in a bank account?
4 responses
@hardworkinggurl (37063)
• United States
21 Nov 10
I have all my earnings for the last 6 months in Paypal and plan on leaving it there for as long as I can. It is the only way I find I can save a little money.
There are no expiration dates or anything like that so it is safe to leave it there, if you so choose. Good luck with this.
@Hliasvl (142)
• Slovak Republic
22 Nov 10
Thank you for your answer "hardworkinggurl".
You are exactly in my mind !!
If i transfer my earnings in my bank and not let them in PayPal, I;m afraid that I will spend them at once :)
I will follow exactly what you do and I hope in 8 months I will have enough for my Holidays ticket :)
@puccagirl (7294)
• Israel
21 Nov 10
I would say both options are good, so do whatever is more comfortable for you. I have had money in my Paypal account for long periods of time and nothing bad happened, so you do not need to be worried about that.
@stanly012992 (241)
• Philippines
21 Nov 10
Hello hliasvl,
There is no problem if you keep your money in your paypal account because Paypal website is a very safe website to put your money there it is already tested and proven that paypal is the best way to transact your money in online. But it is better to get your money in paypal so that you can use your money in your personal needs.
@louievill (28851)
• Philippines
21 Nov 10
For one it is safe to keep it there because because paypal is a safe and secure payment processor. One thing I do is to save my earnings in my PP account until such time that the dollar exchange rate favors the dollar( presuming that your money in Paypal is in dollars), when you transfer it right away to your bank account, it is converted to the currency of your country. In my country where exchange rate is volatile, i wait for the opportune time to transfer in order to maximize my earnings and neutralize paypal and bank charges. Also paypal has a thresehold where where if you transfer this much, they will not charge anything so check it out in your account cause it might differ from country to country. Good luck and happy earning