Is Paypal safe?


I can't access to the Paypal site all day today, and some one have just deposited some money into my Paypal account yesterday. Is it safe to use these type of services? and will there be any protection for the members if the services close down some day?
dtsag
Swampwalker--
I took a peek at iescrow's web site (I believe its called Tradenable now) and they appear to offer quite a bit of protection, but charge significantly more than PayPal. It'll be interesting to see if more business might bring down the price a bit.

Also, it appears that PayPal is getting a big boost in the arm from the investment community. Hopefully, this will help them fix up whatever problems they're having and become a first class outfit.

See http://tscquote.thestreet.com/BBStory.jhtml?tkr=EBAY&id=114198207&src=REUTERS

cheers, Ken
Haven't had any problems so far. Every now and then their site is hard to access... maybe high traffic?
Hi Rayhall,

Thanks for your comments.

Customer Service is tackling many of these issues and our recent funding is going to allow us to make additional investments in the Customer Service Operations arena. Some software changes are happening and additional staffing is coming aboard.

As it relates to your transaction---

If the transaction was placed on a credit card, the credit is placed after you cancel it. However, the credit appearing on your credit card account can take several days to post because of the clearing time.

Sorry for my delay in responding to this, but I generally hit around twenty different areas looking for specific concerns and I do not work weekends. I usually visit audiogon every couple of days because it is not as trafficked as the other sites I go to.