I use PayPal because it's convenient (lots of places online nowadays accept them) and safer than giving out my credit card information directly (obvious reasons

I use PayPal because it's convenient (lots of places online nowadays accept them) and safer than giving out my credit card information directly (obvious reasons). However, I'm well aware they aren't a bank in any traditional sense so I only keep as much money in my account as I am willing to lose to a random act of god. Needless to say this has worked well for me.