PayPal isn't a bank, folks. If you treat PayPal like a bank, you will have a bad time.
Almost all horror stories you hear about PayPal involve the user treating PayPal like they were a bank. Just do not store money in PayPal... sweep nightly if you use PayPal for business. They even provide tools to make this automated.
The reason this policy exists is likely to remove super old liabilities for long-dormant accounts that have been long forgotten about.
PayPal is not interested in storing funds forever... they want you to buy stuff with it or transfer it to your real bank account.
This policy seems aimed at convincing people to "move it or lose it"...
Almost all horror stories you hear about PayPal involve the user treating PayPal like they were a bank. Just do not store money in PayPal... sweep nightly if you use PayPal for business. They even provide tools to make this automated.
The reason this policy exists is likely to remove super old liabilities for long-dormant accounts that have been long forgotten about.
PayPal is not interested in storing funds forever... they want you to buy stuff with it or transfer it to your real bank account.
This policy seems aimed at convincing people to "move it or lose it"...