Depending on the volume of business he/she does 
through PayPal ... that could be a reasonable amount. 
For example, if you're a reseller, and happen to have a 
couple of big ticket items come in at the same time ... 

But having it frozen for "unusual account activity" by 
PayPal .. sorry, there seem to be too many actual or 
potential problems with PayPal to make it worth while. 
There have also been reports of PayPal "inadvertently" 
taking money out of people's bank accounts when 
people set up their PayPal to work that way, and the 
money taking seems to be solely at the whim of PayPal.

My take on PayPal is - if you're doing real business over 
the Internet, you use credit cards. You spend the money 
to get a merchant account or have a CC processor 
handle it for you. PayPal is neither a bank nor a credit 
card company, so it's completely unregulated, leaving 
you no real recourse when PayPal screws up.

I also think this about PayPal's competitors, BTW. They 
all seem to be reinventing the credit-card industry wheel 
when there is no real need to do so.

David
dvjones(at)ksbe.edu

On 5 Jun 2002, at 12:28, tana wrote:

> utility & insurance bills ... TOO COOL!!! [i don't
> know WHAT that person who had 30K in his (frozen) paypal
> account was thinking ... i'd hate to say he deserved
> what he got, but gawd, WHY would anyone leave that
> much in such an account?????] 


 

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