3 ms·

I think you are misunderstanding the point of a sweep account here. Paypal gets "swept" into the sweep account at your bank, and then that account gets "swept"

by blhack 10y ago

I think you are misunderstanding the point of a sweep account here. Paypal gets "swept" into the sweep account at your bank, and then that account gets "swept" into another account at your bank that paypal does not have access to. Your sweep account should get a very low balance, and only acts a sortof public-facing proxy for your bank accounts.

oblib 10y ago
exactly
DrScump 10y ago
No, I didn't misunderstand the quote: "set up a nightly sweep from PayPal to a proper bank account" In other words, there is no mention there of any second bank account as a final depository... which is, of course, the best mechanism.
- deelowe 10y ago
  A "sweep account" is a technical term and has a specific definition. The parent's comment makes absolute sense if you know what sweep accounts are used for in the more traditional sense. The parent is suggesting setting up a 0 balance sweep account and then having paypal deposit all funds into that account nightly.
  - masonic 10y ago
    Do you really not understand the difference between a noun and a verb?
    - deelowe 10y ago
      These comments are hillarious. Literally the first result for nightly sweep: https://www.google.com/search?q=nightly+sweep&oq=nightly+sweep https://www.google.com/search?q=nightly+sweep&oq=nightly+swe...
  - lazyasciiart 10y ago
    The original comment didn't even use the term "sweep account".