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That means that PayPal have more that 28k employees! Why do it need so many people?
by culanuchachamim 4y ago
That means that PayPal have more that 28k employees!
Why do it need so many people?
- celestialcheese 4y agoOperating a bank, lending, and money transfer operations in so many countries requires an incredible amount of behind the scenes work. Plus all the KYC, support, fraud, and infrastructure to support all those roles. You wouldn't know it based on how terrible their support is, but that 28k number doesn't shock me.
- fumblebee 4y agoTo be clear, PayPal is not a bank. But they will absolutely perform everything you mentioned here, and I agree with your assessment.
- PartiallyTyped 4y agoStarbucks isn't a bank either, but they also kind of are [1]. https://www.youtube.com/watch?v=mr039xnco-8 https://www.youtube.com/watch?v=mr039xnco-8
- joshuaissac 4y ago> To be clear, PayPal is not a bank. PayPal is a bank in the EU and has a banking licence from Luxembourg's CSSF.
- fumblebee 4y agoI stand corrected!
- zinekeller 4y agoIn the US, yes (in most cases PayPal is legally a money transmitter), but as sibling comment pointed out this is not necessarily the case in other countries with stricter legislation.
- leros 4y agoYou would be shocked how big seemingly small tech companies get as they grow/age. For example, you might start your site off by spending a week building a billing integration with Stripe. Ten years later, you have 10 engineers, 3 PMs, and a designer, and 20 operations people on a billing team, plus managers and directors for everyone.