“If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account.”
Well that sounds terrifying!
“If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account.”
Well that sounds terrifying!
And let’s remind everyone because people seem to forget.
PayPal is NOT FDIC insured!
I pretty much run everything through paypal for the extra layer of security.
It saved my ass when I was doxxed and hacked. I had my logins and financial information stolen.
I can totally see not putting more than a few thousand into the balance if you’re going to use it like a secured credit card.
Otherwise, keeping $0 in it and using it as a middle man between your bank and the outside world is a fantastic solution to protecting yourself.