Comment by martin_a
Is that an issue if you don't plan to "store" money in PayPal but only use it for payments?
Is that an issue if you don't plan to "store" money in PayPal but only use it for payments?
In that case it isn’t, but this thread is specifically about holding money in PayPal: https://news.ycombinator.com/item?id=45250598
My point is that one doesn’t get all the protections normally taken for granted for EU bank accounts.
You'd be surprised. A lot of sellers don't "cash out" from paypal all that often, letting tens of thousands pile up. (And inevitably, some of them get hit with arbitrary account closures and have that money seized)