Why set up an account with a completely different bank? Do you think the funds could be sucked out of your primary accounts?
I'd recommend setting up a separate account with low fees/minimum balance amount as a temporary location & transfer fund's in and out as, come in or need to go out. To make, or request, a payment, you log in to your Pay Pal account and send the person an email through the payment (or funds request) section and the amount you wish to send, or receive. Personally I'd prefer to do without Paypal, and use direct bank transfers, but people are more paranoid about them than they are about PayPal, and the banks sting you with international transaction fees, about AU$20 each, local.direct deposits are free though. Dave On 12/2/06, David J Brooks <[EMAIL PROTECTED]> wrote: > Good idea. We have a new bank in town now, so i could open an account > with them. > > I assume you are given somesort of account number or id from paypal, > so people can make a payment. > > Is that correct. > > Dave > > Quoting Amita Guha <[EMAIL PROTECTED]>: > > > On 12/1/06, Michael Chan <[EMAIL PROTECTED]> wrote: > >> For the (realistically) cautious, I offer this advice: > >> > >> Set up a secondary (or tertiary/quadrant) account to your principle > >> account for online transactions for vendors such as PayPal that > >> really push a checking authorization. Limit the funds available to > >> what you are trying to move, with a little wiggle. > > > > That's exactly what we did - we opened an account with a different > > bank from the bank where we keep our "real" money. We started the > > account with a small amount of money and linked it to Paypal. It's > > worked out fine so far. > > > > Amita -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
