Paypal is not a bank, They are not FDIC insured, even though they act like one. Do not leave money in your paypal account! They can freeze your assets and keep all your money as long as they want!
There are many class action lawsuits now ongoing against this company for fraudulant withholdings of customers money. They froze my assets of over 2,000.00. They also stopped my customers from being able to make payments to me. Since my business was setup around using Paypal we have not been able to recover from the blow. They have put me under, my company is now bankrupt! So be careful who you trust, Just because they are a big name (owned by Ebay another rip off).
They will steal from you and say "tough there is nothing you can do about it" go to www.paypalwarning.com and you will find links and stories to make your head spin. So if you use them watch your six because they are always a step away from taking what is yours.
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