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I may be wrong like this, but I think only banks are allowed to earn interest on your cash, and Paypal isn't a bank.
by Aunche 8y ago
I may be wrong like this, but I think only banks are allowed to earn interest on your cash, and Paypal isn't a bank.
- pdonis 8y agoThe "money" in your Paypal account isn't "your cash". As you say, Paypal isn't a bank. Your Paypal balance is Paypal's cash, which it allows you to use for purchasing things with Paypal, or to transfer to your own bank account. But in the meantime, it's Paypal's money, which Paypal keeps in its own bank or investment vehicle, earning interest for Paypal.