4 ms·

PayPal is a licensed bank in the EU.

• throwaway67743 4y ago
  Not really, electronic money license yes, but not a full bank (there is also no such thing as an "EU" license, member states still require individual licenses in that country to actually have access to the banking network and do things like offer credit cards, "e-money" licenses were created to allow limited use operations without the burden of obtaining a full banking license (in many member states it's not worth the effort, for anyone)