> PayPal is not a bank Last time I checked they sure as hell have a banking license and operate in Luxembourg. Wikipedia says: "Since July 2007, PayPal has op

> PayPal is not a bank Last time I checked they sure as hell have a banking license and operate in Luxembourg. Wikipedia says: "Since July 2007, PayPal has operated across the European Union as a Luxembourg-based bank." [1] I suppose they're not a bank in USA, but the world (and HN readership) is bigger than USA (also bigger than where I'm from; EU). [1] https://en.wikipedia.org/wiki/PayPal https://en.wikipedia.org/wiki/PayPal