See also paypal.. forced closure
As of Sep 2024, my U.S. paypal account has $0.03 balance. Not worth the trouble.
An email address (rather than phone num) is the primary login for a paypal account. If an email address is linked to a paypal US account, then you aren’t allowed to link it to a Sgp account. You must use another email address.
Usefulness of paypal is in online payment (or transfer). There are really two ways. Not sure which is better.
- make use of the paypal infrastructure (not the paypal balance) as a gateway
- use paypal balance i.e. stored value in paypal. I call it the prepaid mode.
To increase the reliability of the prepaid mode, I would want to periodically transfer $1 from bank accounts into paypal.
— safety and liquidity of paypal balance .. balance in paypal (i.e. stored value) can move out relatively easily. Therefore I don’t mind keeping a balance up to $100. Basically, I don’t worry about losing the value, becuase
- Paypal has earned my trust. The audit trail is reliable so far.
- the balance is kept small
It’s considered unsafe to keep paypal accounts inactive (breeding ground for financial crime). Therefore, Paypal would email periodic reminders to inactive account owners. If you don’t like those reminders, then better close the account. It’s easy to reopen paypal accounts.