Paypal is unavoidable - there are just too much more money that can be made using Paypal because so many people use paypal and have positive balances at paypal and considering "paypal money" as "cheap money" - which makes them easier to spend to buy or to donate.
Paypal is good when used for what it is good for - as a vessel to receive (and send) money easily.
But no one ever said that Paypal is a great bank to keep money at.
There are simple rules of the game to avoid disasters like that:
The rules of using Paypal: transfer paypal balance to your bank account as soon as it reaches $500 or more.
Once funds are transferred - transfer them to parallel bank account to keep them completely out of Paypal reach (as Paypal has full access to bank account connected to paypal account).
That's it.
Piling up cash at Paypal's account never been wise.
Paypal is good when used for what it is good for - as a vessel to receive (and send) money easily. But no one ever said that Paypal is a great bank to keep money at.
There are simple rules of the game to avoid disasters like that:
The rules of using Paypal: transfer paypal balance to your bank account as soon as it reaches $500 or more. Once funds are transferred - transfer them to parallel bank account to keep them completely out of Paypal reach (as Paypal has full access to bank account connected to paypal account).
That's it.
Piling up cash at Paypal's account never been wise.