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Is that an issue if you don't plan to "store" money in PayPal but only use it for payments?
by martin_a 1y ago
Is that an issue if you don't plan to "store" money in PayPal but only use it for payments?
- layer8 1y agoIn that case it isn’t, but this thread is specifically about holding money in PayPal: https://news.ycombinator.com/item?id=45250598 https://news.ycombinator.com/item?id=45250598 My point is that one doesn’t get all the protections normally taken for granted for EU bank accounts.
- PhantomHour 1y agoYou'd be surprised. A lot of sellers don't "cash out" from paypal all that often, letting tens of thousands pile up. (And inevitably, some of them get hit with arbitrary account closures and have that money seized)
- croes 1y agoThe question is if a EU bank has to provide deposit insurance but PayPal does not how can PayPal be a bank.