Comment by mrguyorama
Comment by mrguyorama 9 hours ago
Paypal is very specifically not a bank and does not have to follow banking regulations
Comment by mrguyorama 9 hours ago
Paypal is very specifically not a bank and does not have to follow banking regulations
https://en.wikipedia.org/wiki/PayPal#Regulation
Paypal was granted a banking license seventeen years ago. This has made a lot of people very angry and been widely regarded as a bad move.