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To be clear, PayPal is not a bank. But they will absolutely perform everything you mentioned here, and I agree with your assessment.
by fumblebee 4y ago
To 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.