This is why I withdraw all funds from PayPal every weekday morning.
PayPal has been the sole payment solution for my software company for more than 5 years. 99% of all of my money, my families money and my employees salaries goes through PayPal. When I bought my first home (at the end of 2005, oops...) I had to call PayPal to get some financial details for the mortgage company. I spoke with a nice person on the phone from PayPal and they faxed me the documentation I needed write away. Every time a new payment processor comes on the scene I check them out, but none have been able to offer the pricing or features I get via PayPal.
That being said. I have read all the horror stories. So I just assume that any money left in my PayPal account overnight could be potentially lost. No problem, I just withdraw it every morning so my lost potential is always minimal (a few grand).
I don't de recurring subscriptions. I imagine things would be different then. If I did subscriptions I think I would want my own merchant account - you want to own as much of the customer as you can.
PayPal has been the sole payment solution for my software company for more than 5 years. 99% of all of my money, my families money and my employees salaries goes through PayPal. When I bought my first home (at the end of 2005, oops...) I had to call PayPal to get some financial details for the mortgage company. I spoke with a nice person on the phone from PayPal and they faxed me the documentation I needed write away. Every time a new payment processor comes on the scene I check them out, but none have been able to offer the pricing or features I get via PayPal.
That being said. I have read all the horror stories. So I just assume that any money left in my PayPal account overnight could be potentially lost. No problem, I just withdraw it every morning so my lost potential is always minimal (a few grand).
I don't de recurring subscriptions. I imagine things would be different then. If I did subscriptions I think I would want my own merchant account - you want to own as much of the customer as you can.