Is PayPal Just Like A Bank??
 

In the news on October 21, there were several companies that were attacked by a hacker. The sites affected included PayPal, Twitter, Netflix, Spotify and other businesses. The news described the problem as “denial of service attacks”. The day this occurred, I saw a white screen on my computer and could not access the PayPal site. I started thinking about the money I had in my PayPal account and thought it must be FDIC insured. After checking with PayPal I found out the money IS NOT FDIC insured. PayPal is considered a non-bank and is used for depositing money and transferring funds.. You do need a PayPal account, if you are a Seller on eBay to receive payments on your auctions.  You can control how much money you leave in the account by transferring money to your personal bank account  frequently. Remember you will need to keep enough money in the account for eBay fees and other purchases you make. By managing your PayPal account wisely you can reduce your risk of loss.

I have the most interesting clients. Last week I had the pleasure of working with the owners of an eBay store that sell guitar picks. They have 750 styles and 2.5 million in stock! That is a lot of guitar picks!! If you are interested in learning how to sell your treasures on eBay, need some individual consulting or need something sold, contact me today at 530.693.0386.

 

I hope you all have a wonderful week!

www.GailsHiddenCreations.com
Your Trusted EBay Adviser
Gail