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No. of Recommendations: 0
I've used PayPal for years just for its MM rates and the 1.5% rebate for using their debit card. It's a handy place to leave a few hundred dollars -- "walking around money". I've never had a problem. But as others have pointed out, money there is not FDIC insured (I think they have some sort of other insurance though, but don't take my word for it). That, coupled with the reason they don't have FDIC insurance, aside from any anecdotes you might have heard, is more than enough so that I'd never put an e-fund in PayPal when there are safer alternatives that pay as much or more.

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