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Rain comments on The Last Days of the Singularity Challenge - Less Wrong
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The problem I ran into with PayPal is that they required me to link my bank account directly to their service once I had reached a threshold dollar amount of usage (somewhere around $5000), rather than allowing me to leave just my credit card attached. This made me particularly nervous, as I have heard quite often of strange fees being applied with no recourse. If they only have access to my credit card, I would have more protection.