PayPal has always been the first choice of most of the internet users around the world. They prefer PayPal more than anyone to carry out their financial transaction for online money transfer service. Well, it is quite obvious because no other financial company offers the same level of satisfaction to its customers. PayPal provides pretty good security features to its customers. But sometimes, there are some common mistakes which people make while using PayPal. It is better to identify the mistakes well in time. Otherwise, it can lead to big problems.
To make you aware of the common mistakes, and to help you out with the possible solution, let’s have a brief look at the five most mistakes while using PayPal.

1. Not paying proper heed to Money Market Fund:

Some people do not take the trouble to activate PayPal’s Money Market Fund. It has the power to change your current PayPal account to interest bearing savings account. You should know there is no minimum balance criterion for joining the Money Market Fund. It means that you do not have to maintain a minimum balance to avail the benefits of Money Market Fund. So, there is no reason to avoid this facility.

2. Avoid money withdraw after 5pm PST/PDT:

Most people do not think about the importance of withdrawal time. If you withdraw money from your PayPal account to your bank account after 5pm, the money hangs in between the PayPal account and your bank account. This stage is known as “in transit” situation. It means that the money is neither of the account. As a result, neither you will get the interest from your bank, nor you will get any benefits of Money Market Fund for that amount of money. But if you withdraw the money during the banking hours, it will definitely help you to save some money.

3. Don’t be credulous:

Some people easily trust links and emails related to their PayPal account. PayPal does not ask for any personal details through emails or any kind of links. Therefore you should never provide any kind of personal details. The most important thing you need to keep in mind is that you should never try to access PayPal account via email or links. The suspicious links can direct you to the fake or dummy websites, where you will be asked to enter the account name and password, which means big trouble.

4. Don’t ever link your PayPal account with your Primary Checking account:

You should never link your PayPal account with your Primary Checking account, even accidently. Though chances of this kind is situation is very rare, but you should always be prepared for this kind of situation. You will never want PayPal to have access to your account, which includes your rent, mortgage, and other kind of bills.

5. Don’t mix up your personal account with business account:

some people use their personal account to make payments for professional services. This is a very bad practice which can lead to problems related to the security of the account. Hence, it should be avoided at any cost.

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