It's ridiculous that Paypal is literally a bank at this point, yet somehow subject to none of the same regulations and consumer (or merchant) protections as one

It's ridiculous that Paypal is literally a bank at this point, yet somehow subject to none of the same regulations and consumer (or merchant) protections as one. > PayPal is accused of making the service the default option for new sign-ups without making clear that it was doing so. Different but related: No matter how many times I tell them that I want to pay with my real credit card instead of "direct bank transfer", it never persists. I must have set this as the default in my settings a hundred times. No luck.