PAYPAL MONEY MARKET FUND

[george nimmer]

Steve,

I'd avoid keeping any large sums of money in any paypal account.  Paypal is
not "legally" a bank, and is not FDIC insured.  Also, they have the right to
seize your assets in any of your accounts at any time without an explanation,
and with no appeals process available.

Also, all of their customer "service" is outsourced to India, and have a look
at their web site - can you even find their phone number?? I know someone to
whom this happened.  Have a look at www.paypalsucks.com and some of the posts
on that site before you make your decision.

Regards,
George


From: "Steve Marinello"
To: "audifans qlist" ,

Subject: PAYPAL MONEY MARKET FUND
Date: Tue, 31 Dec 2002 23:09:38 -0600

Anyone have any opinions or experience with the Paypal MM fund?  Is it worth
it to set one up? ...other than to keep monies, ahem, away from the joint
account?

TIA,

Steve