I've received a couple of phishing emails and then, the last straw was that PayPal placed a limit on my (basic) account with no clear explanation of why. As such, I couldn't use the account or close it without verifying a credit card number. I've since successfully resolved whatever issue they had (there was no money in my actual account; I use my credit card to pay merchants through their system).
Question: Should I be leery of PayPal for a business account? Or are my fears unnecessary?
It seems most experienced IM gurus recommend PayPal. I understand customers love them and they pay instantly into your account. Great benefits, both. But I can only imagine how bad it could be to have large amounts of cash in an account when something like the above scenarios could cut off your cash flow and jeopardize your customer relationships.