Is it smart to only have a Paypal bank account, with no other account?

[SamBien]

I have 3 paypal accounts; a business account, and 2 personal accounts with 2 prepaid cards and a Paypal business card. For right now, not in the long run, is this a good decision? I will only be sending invoices, withdrawing cash on a consistent basis, and using the cards to pay for subscriptions and purchasing items. I am 19, running a marketing company/creative enitity. Also, could someone break down daily and monthly limits for paypal prepaid cards, personal accounts, and business accounts? Thank you, much obliged!

P.S. I am thinking about upgrading both personal accounts to business accounts if it allows me to withdraw at a faster rate.

P.S.2. Is there absolutely any way to get in contact with an actual paypal custumer service rep?

[wayne2646]

I suggest that you have not only a separate bank account for PayPal but a totally separate bank.

If PayPal were to go on a rampage and overdrew your PayPal transactional account your bank could use its right of offset and take money from your other accounts. A banks right of offset does not extend to other banks.

[MareHare]

You may want to rethink this, especially for your checking type accounts. Banks are Federally insured in the event of a loss on your account. I don't believe that Paypal has that kind of safety net for the customers.I was in banking for a very long time and have seen things happen a few times. Better to protect yourself the best that you can.

[DPCreations]

PayPal permits only 2 accounts, 1 personal and 1 business, so three is already a problem, unless PayPal gave special approval.