I've used it for over ten years, I think. Never had a problem, but what I would caution is that if someone sends you money as payment for something, transfer it right away to your bank! this is what I was told to do. that way, your bank can notify you if for some reason the sender didn't have the funds in their bank to cover the payment to you. You probably don't have to do that, but I do. As soon as I receive money via Paypal, (which I often use for horses I've sold), it gets transferred right to my checking account. Then, if a week goes by and I don't hear anything, I figure the money transfer was good and I'll release the horses or their papers.