[graeme]

Isn't the max loss there rather tiny? Especially if you have overdraft off on the paypal bank account. You can disconnect the account if something happens and there are fees accruing.

Edit: I'm replying to a really low odds scenario, where:

1. You auto sweep all money out of paypal

2. You regularly empty the checking account it sends to

You have at risk maybe $1000-$2000 in the chequing + less than $100 in fees.

For something vanishingly unlikely to happen. The risk seems rather low compared to the exposure.

I mostly use stripe and have PayPal as a backup. Never had a problem with either, and if I did have a problem with one the amounts are fairly low. (Probably more of an amount risk with stripe as they take longer to sweep out the money. But I don't think they freeze as often)

[HenryBemis]

I was inspired from a couple of videos for my "flows"/management.

This speaks about keeping 7 accounts: https://m.youtube.com/watch?v=auzLhKvsxnQ

There is a Tom Ferry (real estate guy but has some sound tips) also has on a video a VERY good flow diagram on how to distribute money in different buckets/accounts. Apologies but I couldn't find it on my phone.

I was "inspired" by the above and once I organized my accounts/flows and stopped using "single account for all" my life became so much simpler. And of course PayPal wallet is not a permanent parking space for £€¥$.

[AstralStorm]

The loss of money can be small compared to loss of business.

It is an interesting angle to try a civil suit for.