3 ms·Paypal is very specifically not a bank and does not have to follow banking regulationsby mrguyorama 1y agoPaypal is very specifically not a bank and does not have to follow banking regulationspixxel 1y ago[dead]lucb1e 1y agohttps://en.wikipedia.org/wiki/PayPal#Regulation https://en.wikipedia.org/wiki/PayPal#Regulation Paypal was granted a banking license seventeen years ago. This has made a lot of people very angry and been widely regarded as a bad move.