posted on November 15, 2000 12:43:33 PM new
For any of you contemplating keeping significant amounts of money in your PayPal account to earn that interest, be aware that the $100 K insurance is NOT FDIC.
It is only for claims of unauthorized withdraws from accounts and it is with a private insurance company.
If PayPal goes bankrupt or has other problems, there is no guarantee by the Government that your money will be available or when it might be available.
If bankrupt- you'll be in line with all the other creditors.
