(And if any of you think PayPal is 'protecting' you, you may discover the only "Fantasyland" is NOT in the Magic Kingdom LOL!)
if you think that your own bank is safer, then welcome to your own Fantasyland, anything online is equally exposed. I bank online all the time, my bank in fact doesnt even have 1 branch, so you just have keep an eye on your accounts. Think how safe everyone who trusted Madoff thought.
I won't let Paypal touch my bank.
However, let's go over the protection you get with PayPal vs. a credit card.
Friend of mine checked into a rental unit in S. Florida. Place was FILITHY, had rats running around, the tub was black with dirt etc... Paypal told her "we called the owner, he claims it was fine and you can't get any money back" Luckily she had paid PayPal via an Amex. Amex gave her the money back and fought with PayPal (no idea who one) but if she had let PayPal touch her bank account directly... cash would have been GONE!
In addition, with PayPal if the seller empties his/her account prior to you filing the dispute... too bad, if PayPal can't get the money back they won't be using any of THIER PROFITS to gurantee you happiness! I have read and had way too many bad expereinces to allow PayPal any access to any of my information/accounts ever again.
Not to mention that when I did have an account it had RANDOM charges on it leaving me to have severe questions on PayPal's "security" ((No, I don't have a Skype account, No I didn't buy anything from
Amazon and have it sent to Africa...and so on LOL!)
And finally my bank is FDIC insured... Madoff was NOT a bank
As for David's assurance that you can have the money immediately. They still have some of my money. I made the error of closing the bank account and "since you no longer have the account you can't have the cash" It was only $20 so I quit fighting but.... good luck if you have an issue IMHO!