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Why would anyone let an unregulated internet company have control of their money? Especially one with a track record like PayPal.
by vaadu 13y ago
Why would anyone let an unregulated internet company have control of their money? Especially one with a track record like PayPal.
- hackula1 13y agoConvenience mostly.
- conradfr 13y agoWhile it does not prevent horror stories and frustrating experiences, it's not unregulated in Europe at least.
- icebraining 13y agounregulated PayPayl is licensed and regulated as a money transmitter in multiple US states and as a bank in the EU¹. The idea that states would allow it to transfer the amounts it does without being regulated is funny, but not realistic (and not true). ¹ https://www.paypal-media.com/licenses https://www.paypal-media.com/licenses