Re: Paypal is NOT a bank!
PayPal is NOT a bank, but they could probably BECOME one if they wanted to. For PayPal, there would be positives and negatives. But I don't think they want to be REGULATED as a bank. Because if they were a bank, there would be no more 180 day holds on money, they could not just automatically side with the buyer in disputes, they would have to send money to your account in a timely manner - all sorts of things they would probably rather avoid.
For US, there would ALSO be positives and negatives. They wouldn't work for stealth, because then PayPal would officially be a financial institution and would be REQUIRED to get your SSN by law. But, they would probably end up being more fair in the treatment of their customers.
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