2 ms·
> I’m not really sure what half a year of holding on to my money will help PayPal achieve? If they have a pile of similar money (likely, by the stories we hear
by a3n 10y ago
> I’m not really sure what half a year of holding on to my money will help PayPal achieve?
If they have a pile of similar money (likely, by the stories we hear), then they earn interest, and may (IANAA) be able to point to that cash as an "asset" in situations where they need to show assets.
- dsacco 10y agoNo, that's illegal. A financial institution cannot represent customers' assets as its own. Those are not company assets, they're liabilities (because they're not owned, they're owed).