Ebay & paypal $, what to do with it?

[ErinC]

I've recently started selling some stuff on Ebay, to save for our Feb. Disney trip. I really want to use this money to purchase our tickets, so I need around $850. What do you do with your paypal money? Is it safe to just leave it your account? I hate to put it in our checking account, because it will get spent on something else. Does paypal start deducting more fees if you just leave the money in the account? I guess that I fear someone getting hold of my account and wiping it out. I really don't want to take it out and have cash lying around (I'll dip into it). How do save your paypal Disney funds? I leave all my change rolled, because if I cash it in before the trip, it will get spent on something other than Disney. Just looking for ideas from you seasoned ebay, paypal folks. Thanks!

 

[my3kids]

I think if you leave it there, they will pay interest on the funds. I tried to read that today, but paypal has been all messed up.

 

[imsayin]

Many people say get it out of paypal. Paypal has actually had major problems the last week and people can't get at their money. Also, they are not FDIC insured like a bank. Why don't you open an ING account to transfer your money to (I sent you a pm about this)?

 

[summerrluvv]

Get it out of there!!

www.paypalsucks.com is an interesting site to read about why you shouldn't keep money in there.

 

[Missy1961]

It's free to transfer it to your checking account. Then I transfer it to my savings account.

 

[ErinC]

If I do the ing thing, can you deposit the money straight from paypal to ing, or does it have to go to your personal bank first. I thought I read somewhere that you couldn't deposit paypal funds into an ing account. Thanks so much for all the ideas thus far. I'll check out the anti paypal link!

 

[minnie1928]

I work in the banking industry and I don't see why you couldn't deposit your paypal $ in your ING account. They are a bank, they have an ABA number and you have an account number which is all that is required to send a transaction through the Automated Clearing House (ACH) system.