Do you treat PayPal money like Monopoly money?



avatar33 said:
I just realized lately how easily I drop $300 from my PayPal funds for a service/product that I don't even end up using, but if it had to come from my own bank account I would have never bought it. It's like I don't take PP money as real money... is that bad doctor?
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Tie your PayPal account to your Mint.com account along with your other bank accounts and you won't think that.

Also, you really should be keeping a minimal PayPal balance due to what CLKeenan said about PayPal loving to freeze accounts for 6 months. I typically only keep about $100 in there at any given time.
 
avatar33 said:
That's actually a BIG problem for me right now. I'm under like 30 monthly subscriptions for various tools/services. Looking at my credit card bill I still can't figure out what half of them are. Ok most of them are under $20 a month but it still adds up. I really need a cleanup.
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I ran into this for taxes this year. Spent a long time going through my E-mails, CC statements, and Paypal statements figuring out what subscriptions were. I fixed this by writing the subscriptions ID and giving a description of what each thing was in GNUcash so I know what I'm spending each month on this shit and where it's going.

Mint.com is also great for seeing this as a snapshot if you write custom categories for the payments.
 
avatar33 said:
That's actually a BIG problem for me right now. I'm under like 30 monthly subscriptions for various tools/services. Looking at my credit card bill I still can't figure out what half of them are. Ok most of them are under $20 a month but it still adds up. I really need a cleanup.
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I have this problem as well, especially with hosting. I have 4-5 different VPS's and I can't remember which sites are hosted on which VPS's/Servers so I'm probably wasting a lot of money on VPS's that have almost no activity on them.
 
Honestly I sometimes treat my account like play money as well, especially since I have a paypal debit card.

It helps that I try to keep fat stacks in my paypal so I can play with it like play money. ;) but my accountant says I can't do that anymore. :(

Stupid taxes.

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Was just thinking the same way op. Buy things left and right. Paypal money fells like am playing a mmorpg game and can get what I want. Am a cheapo with real money ( in paper form) , but with paypal money I cut loose.
 
If you live in the US you can easily link your bank account so if you have $0 in PayPal and you try to buy something, it immediately pulls it from your bank without any delay. I never keep more than a few hundred dollars in my PayPal, and I have a backup account just incase.

Anyone hear about the Minecraft guy getting his account suspended with close to a million dollars in it? That's why you withdraw your money once a day at the absolute minimum.
 
o hai guyz said:
Anyone hear about the Minecraft guy getting his account suspended with close to a million dollars in it? That's why you withdraw your money once a day at the absolute minimum.
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Minecraft guy? You mean Notch? I heard what happened to him, it must've sucked to become a millionaire all of a sudden and getting locked by paypal.
 
I used to do the same thing. It was too easy to buy something online with paypal that I probably wouldn't have purchased if I had to pull out my credit card instead.

I ended up getting the paypal debit card and just withdraw the cash at an atm
 
Any service that lets me buy shit without entering my credit card number gets treated like monopoly money. So even namecheap credits are bad due to the 3am retard ideas I keep getting.
 
juntao65 said:
Any service that lets me buy shit without entering my credit card number gets treated like monopoly money. So even namecheap credits are bad due to the 3am retard ideas I keep getting.
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Oh... this happens to often... I need to stop adding more namecheap credits lol
 
I transfer to my bank account whenever I have more than $700 in there. I transfer $500 and leave $200 for any potential chargebacks etc to cover my ass from paypal freezing the account.

Have anyone looked into bitcoin? I'm going to accept it for the next service I start.
Bitcoin is a peer-to-peer currency. Peer-to-peer means that no central authority issues new money or tracks transactions. These tasks are managed collectively by the network.
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Bitcoin P2P Virtual Currency

I'm also really pissed I didn't invest in bitcoin a few months ago its value has been rising like crazy. Have a look here for charts https://www.mtgox.com/trade/history
 
does not matter if it's paypal or cash for me (easily as long as I see balance growing from month to month :)
 
Just get screwed by paypal once and you will learn to hit withdraw as soon as the money hits. The last thing I want is them crooks to earn interest on my money. Its just as easy to buy stuff with paypal with zero balance or a small balance of less than $50
 
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