While it's nice to hear a good story, PayPal is not a bank and a PayPal account lacks the consumer protections that bank accounts in many countries (including t

While it's nice to hear a good story, PayPal is not a bank and a PayPal account lacks the consumer protections that bank accounts in many countries (including the US) receive by law. PayPal takes advantage of this lack of consumer protection to freeze accounts and hold funds for up to 180 days on grounds that aren't necessarily reasonable or disclosed. https://news.ycombinator.com/item?id=13851120 https://news.ycombinator.com/item?id=13851120 https://news.ycombinator.com/item?id=1678582 https://news.ycombinator.com/item?id=1678582 https://news.ycombinator.com/item?id=6333203 https://news.ycombinator.com/item?id=6333203 https://news.ycombinator.com/item?id=7968737 https://news.ycombinator.com/item?id=7968737 https://news.ycombinator.com/item?id=18783493 https://news.ycombinator.com/item?id=18783493 https://news.ycombinator.com/item?id=4455520 https://news.ycombinator.com/item?id=4455520 https://news.ycombinator.com/item?id=6891306 https://news.ycombinator.com/item?id=6891306 Financial institutions do not have this kind of control over bank accounts. All bank accounts inherit a level of trustworthiness from consumer protection laws that only apply to bank accounts. PayPal does not. When PayPal freezes/limits an account in a way that a bank account could not legally be subject to, the problem is not the account holder, but PayPal itself.