Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[SCAMEXPOSER]

PayPal in partnership with online bank Synchrony Bank to launch a high yield savings account through a new app. It will enable users to access all of the company's digital financial products including crypto. Also, the new app comes with opportunity for customers to get up to 0.40% percentage annual profit on their savings, and can withdraw the earnings from the savings account to the PayPal balance.

 

[Flower]

I heard about this too. The best bet is that PayPal make its services available worldwide. PayPal is banned in my country and so, it should make it services available worldwide.

 

[SCAMEXPOSER]

I heard about this too. The best bet is that PayPal make its services available worldwide. PayPal is banned in my country and so, it should make it services available worldwide.

Probably if the demand for PayPal to make it services worldwide become very high and frequent the company may consider that and effect it.

 

[Niftyicon]

PayPal in partnership with online bank Synchrony Bank to launch a high yield savings account through a new app. It will enable users to access all of the company's digital financial products including crypto. Also, the new app comes with opportunity for customers to get up to 0.40% percentage annual profit on their savings, and can withdraw the earnings from the savings account to the PayPal balance.

I really don't see 0.4% as high yield, in fact it is quite low when compared to what many other platforms have to offer especially if that rate is per annum and not monthly.

 

[SCAMEXPOSER]

I really don't see 0.4% as high yield, in fact it is quite low when compared to what many other platforms have to offer especially if that rate is per annum and not monthly.

This might be the workable percentage for them for now so it is possible that when they recording massive investment they may likely increase it.

 

[LutherKing]

0.5% is not that high to be honest yearly actually many others give a lot more than it , pm gives 4% per year to be honest in my opinion

 

[Mariappa45]

Lol, 0.40% isn't a percentage that should be in operation by PayPal when it comes to letting the funds stay for one year with PayPal.

 

[SCAMEXPOSER]

Lol, 0.40% isn't a percentage that should be in operation by PayPal when it comes to letting the funds stay for one year with PayPal.

Actually the percentage is somehow low, I guess this is the same amount that luno started for deposit annually. I am not sure though.

 

[Mariappa45]

Actually the percentage is somehow low, I guess this is the same amount that luno started for deposit annually. I am not sure though.

Extremely very low indeed for a known company like PayPal even though it's for starting. Even if you have $50 million saved there for a year it won't yield anything good.

 

[SCAMEXPOSER]

Extremely very low indeed for a known company like PayPal even though it's for starting. Even if you have $50 million saved there for a year it won't yield anything good.

This kind of savings is not encouraging for people that wants high return on investment and are willing to take risk but for patient earners they might be ok with it.

 

[Mariappa45]

This kind of savings is not encouraging for people that wants high return on investment and are willing to take risk but for patient earners they might be ok with it.

Instead of I'll be wasting y time there saving with PayPal for such a lengthy time. I'll simply stick with my online bank, that gives me 20% per annum interest.

 

[SCAMEXPOSER]

Instead of I'll be wasting y time there saving with PayPal for such a lengthy time. I'll simply stick with my online bank, that gives me 20% per annum interest.

That's actually your choice but in a country where the value of US dollars keeps increasing you will discover that this paypal deposit pattern will still be profitable.

 

[Mariappa45]

That's actually your choice but in a country where the value of US dollars keeps increasing you will discover that this paypal deposit pattern will still be profitable.

I am from same country with you, I understand the high level of dollar to our local currency, it's always going high, I'm not surprise by that, due to the drastic rise in products.

 

[Wisdom01]

Although the percentage to be received from the app is too low ,that alone could be wiped away by the transaction fee of cryptocurrency ,I hope they increase it as time goes on

 

[LutherKing]

Well Its Popular And Only Can Be Significant If Its Atleast 1% Per Month Atleast Competition Is High In This Regard To Be Honest .

 

[a_jerobon]

That is a really good move by PayPal. They are still supporting crypto use and investment and that is really great. I just hope that they make the app available worldwide.

 

[microunit]

What is the reach of the new App? is it still just in the U.S? cause it seems the crypto adoption of paypal is yet even to be internationalize and the support is still just in the US I heard

 

[Wisdom01]

Well Its Popular And Only Can Be Significant If Its Atleast 1% Per Month Atleast Competition Is High In This Regard To Be Honest .

Am not even sure if people would even want to risk their investment for such percentage of profit ,there are other legit medium of getting more gains

 

[SCAMEXPOSER]

If they discovered that they are not getting the needed traffic to deposit they might likely increase it to encourage people, everything is about strategy.

 

[Brain]

I heard about this too. The best bet is that PayPal make its services available worldwide. PayPal is banned in my country and so, it should make it services available worldwide.

This is one area that PayPal needs to fix because we really need to have it in all countries since most earning sites pays via PayPal so it should be open to all countries working online