The Mudcat Café TM
Thread #68880   Message #1209543
Posted By: CapriUni
17-Jun-04 - 08:27 PM
Thread Name: BS: PayPal: Payoffs vs. Pitfalls?
Subject: RE: BS: PayPal: Payoffs vs. Pitfalls?
Sorry -- been busy doing off-line, off Mudcat stuff

:::Gasp!:::

From Katlaughing: Capri-Uni, have you made any decisions, yet? Started your site, with services? I'd love to see it when you do. Good luck!

Well, I have not made any decisions about a website, or what have you, but I have made some decisions regarding PayPal.

Right now, I have one checking account, wherin all my money (except long term investments) resides -- USAA, which is headquartered in Texas, while I am here in VA. Mostly, this is not a problem, as their transactions can all be done electronically. But there are some local vendors who cannot accept out-of-state checks.

So, I am currently looking for a local bank with the right services for my situation... when I find it, I will set up a smaller, local account. And it is this account that I will link to PayPal -- so that if something funky does happen, and it messes with that account, it won't lock up all my money (and, that way, it will also be easier to keep track of the money that comes in from my writing commissions).