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Is there any law or regulation that requires institutions that handle money handling services to be transparent in cases like this or with any right to recourse
by DaiPlusPlus 8y ago
Is there any law or regulation that requires institutions that handle money handling services to be transparent in cases like this or with any right to recourse? (In any country)
What happens if a multinational organisation based in one country has that right but doesn’t in another - but it’s a single PayPal account - could they get reinstated that way?
- rickbutton 8y agoIn the US, yes, if the organization is legally considered a bank. I believe that PayPal is not considered a bank, but I'm not sure on the specifics as to why.
- rndgermandude 8y agoPaypal Europe has a banking license.