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PayPal spends a lot of money on lawyers to make sure that no state or country considers them a bank. The reason is so they can avoid banking regulations.

If they were subject to regulations, they wouldn’t be able to freeze your account without warning, nor hold your money for 180 days.

As they say internally: “we don’t make money by letting people have it back”.






> As they say internally: “we don’t make money by letting people have it back”.

I'm gonna need a source for that.


Just in case you don't know I'm almost certain jedburg is the person in the profile here https://www.meetup.com/devops/events/191408942/.

It’s a joke. :)


That’s Europe, not the US. If they were subject to US banking regulations they couldn’t hold your money for 180 days.

And I didn’t say they were always successful, they just try really hard.


You wrote "no state or country".

And I also said they try, but they don’t always succeed.



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