3 ms·
But the money in your paypal account is denominated in US Dollars (or Yen, or whatever real world currency), isn't it? Paypal's 'online wallet' is just another
by count 15y ago
But the money in your paypal account is denominated in US Dollars (or Yen, or whatever real world currency), isn't it? Paypal's 'online wallet' is just another way of saying 'checking account'.
I have a checking account which has a stored value that I access via debit card or paper check, and can transfer or spend the money at my direction. The money in that checking account does not exist elsewhere at an account under my control.
I don't see the difference here?
- lutorm 15y agoI thought Paypal had argued strenuously that it is not a bank, so it's, according to them, not just another way of saying checking account.