NamePros.Com - View Single Post - Which payment method do you prefer?

Originally Posted by bodiby

I prefer Paypal, but I have never done transactions over $400. I would not be confident due to chargebacks.

Additionally, Paypal is not a bank so they do not have to follow baking laws. I make sure my balance stays under $100.

Understandable, but in the financial industry, stability= success. People always give the argument that they are not insured, regulated etc., but if they rippied off people that much, they would probably have been out of business sooner or later.

My favorite payment method is Paypal. Not only can i easily send money to other people, but paypal also grows your "reserve" funds by an average of 4.59%/month. Considering the fact that you can easily withdraw,send or use this money when you need it, this is nice residual income. If you kept $300 in your paypal account for a year, you would basically add $165 to your paypal account. Now think about how many domain names you could re-register with that type of money.