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> PayPal isn’t a bank They are: https://www.quora.com/How-can-PayPal-function-without-a-banking-license/answer/Julio-Vittel https://www.quora.com/How-can-PayP
by cies 7y ago
> PayPal isn’t a bank
They are:
https://www.quora.com/How-can-PayPal-function-without-a-banking-license/answer/Julio-Vittel https://www.quora.com/How-can-PayPal-function-without-a-bank...
In the EU you either work with a bank or you need to be a bank to do what Paypal does. In the US not (yet).
- iso947 7y agoIn the US, are PayPal registered as a bank in the same way Wells Fargo are?
- cies 7y agoIn EU they are. Dunno about the states. In the beginning they were not, that I know. But by now... I heard that even Google and Apple were interested in becoming banks (not sure if they followed up on that).