Michael Flick said:
He says he clears out his paypal account every week?
"Persson noted that he actually clears out his account every week"
Holy fucking shit, how much money does this dude actually have then? sounds like 750k is a drop in the f'ing bucket for him, he might as well tell paypal to shove it up their asses and switch to a direct deposited credit card system.
Because of how Paypal works, its generally advisable that you don't keep vast sums in the account connected to your paypal. Mainly as you'll have no end of fun if someone demands a refund (Ebay.. mm.), or if they freeze your account. Hell, i'd clear it out if i was having an income of £100 a week.
The_root_of_all_evil said:
With online banking though...
Paypal isn't technically a bank - due to how its set up, it doesn't have any form of regulation body to keep it in check. Not to mention, Paypal makes substantial interest on the money it has on its books - so, like this $750,000 here. Paypal is making money off that while its on their accounts.
Legally, theres bugger all you can do, as theres no regulation for the type of service that is provided/what Paypal is. Anywhere. Which is deeply concerning.
I'd suggest an alternative, such as google checkout for example. I've yet to start properly using paypal, but I suspect i'd begin to have issues as an indie developer due to income spikes. Although most probably nowhere near the levels that Notch has seen.
.
