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-   -   PayPal affirms that they are a BANK! (https://www.aspkin.com/forums/paypal-talk/102248-paypal-affirms-they-bank.html)

smartguy 12-30-2016 10:14 PM

PayPal affirms that they are a BANK!
 
Yes, they claim they have a "banking license"

https://www.paypal.com/ro/selfhelp/a...ountry-FAQ1434

Quote:

Can I change my PayPal address to another country?
No. Due to banking regulations, you can not change your address to a country that is different from the country


PayPal Officials say the same thing while giving answers to people.


https://www.paypal-community.com/t5/...language=en-gb

Quote:

Let me explain the process. PayPal is regulated based on a banking license and also needs to oblige to local banking agreements in every country which means that the country of registration can’t be changed.

MM78 12-30-2016 10:36 PM

Re: PayPal affirms that they are a BANK!
 
You believe everything they tell you or read on their site?

In that case, the Moon is made of Cottage Cheese, Zombies exist, PayPal really cares about you.....

slokor 12-30-2016 10:48 PM

Re: PayPal affirms that they are a BANK!
 
Quote:

Originally Posted by mm78 (Post 821016)
zombies exist

i knew it!!!

jmag91 12-30-2016 10:50 PM

Re: PayPal affirms that they are a BANK!
 
Quote:

Originally Posted by MM78 (Post 821016)
You believe everything they tell you or read on their site?

In that case, the Moon is made of Cottage Cheese, Zombies exist, PayPal really cares about you.....


LOL, I really got a kick out of this.

PayPal doesn't give two SH!TS about any of us!

slokor 12-30-2016 11:11 PM

Re: PayPal affirms that they are a BANK!
 
Quote:

Originally Posted by jmag91 (Post 821019)
LOL, I really got a kick out of this.

PayPal doesn't give two SH!TS about any of us!

Thank you for shattering my belief system! You and MM78 both!

empirestate 12-30-2016 11:21 PM

Re: PayPal affirms that they are a BANK!
 
OMG, I love Paypal with all my heart and with all my soul.

jmag91 12-30-2016 11:34 PM

Re: PayPal affirms that they are a BANK!
 
Quote:

Originally Posted by slokor (Post 821027)
Thank you for shattering my belief system! You and MM78 both!

Hahahahaha!
:comp5:

GreenBean 12-30-2016 11:39 PM

Re: PayPal affirms that they are a BANK!
 
Quote:

Originally Posted by empirestate (Post 821029)
OMG, I love Paypal with all my heart and with all my soul.

WTF? Did you get the heart or the soul for Christmas then?


Oh, I love PayPal too.

Really really really love PayPal.

Someone pass me a chuck bucket!

:pound:

jmag91 12-30-2016 11:47 PM

Re: PayPal affirms that they are a BANK!
 
I <3 PayPal.

easy.bake.oven 12-31-2016 03:01 AM

Re: PayPal affirms that they are a BANK!
 
Quote:

Originally Posted by smartguy (Post 821011)
Yes, they claim they have a "banking license"

Change the b in banking to w and that says it all about them :)

They were always that w word but now they are officaly 'ankers :)

Glad they finally got a recognition for what they are :)

aboubsps102 12-31-2016 03:15 AM

Re: PayPal affirms that they are a BANK!
 
According to the Wall Street Journal, the new credit facility will allow the lending startup to offer more loans. The company has raised over $500 million in debt and equity from investors.

unkown5454 12-31-2016 03:46 AM

Re: PayPal affirms that they are a BANK!
 
no where in those posts does PP say they are a bank.

we all hate them, but please don't waste your strength on pure nonsense you made up in your head.

easy.bake.oven 12-31-2016 05:05 AM

Re: PayPal affirms that they are a BANK!
 
Quote:

Originally Posted by unkown5454 (Post 821086)
no where in those posts does PP say they are a bank.

we all hate them, but please don't waste your strength on pure nonsense you made up in your head.

Your correct !!!!

I just had a read of his links.

The latter of his links the last post wat sept 2016 so not new.

All this relates to is changing details if you move country so this thread title is like the film 'dumber and dumber'.

But who is dumber.... pp or OP ?

Where have all the clued up people all gone? I think they made their money and naffed of maybe

Play 12-31-2016 06:47 AM

Re: PayPal affirms that they are a BANK!
 
PayPal doesn't have a banking license. It is registered as a Money Service Business. A lot of its terms conform to the regulations imposed on banks - I assume just because they want to play it safe from a legal perspective. They do too many shady things to be classed a bank.

That first link makes no mention of PayPal holding a banking license, it just trys to infer they are.

That second link from the community discussion board at PayPal, simply says they are regulated *based* around banking standards - still no mention of a banking license.

empirestate 12-31-2016 06:54 AM

Re: PayPal affirms that they are a BANK!
 
Top google search of "is paypal a bank"
http://image.prntscr.com/image/aca5c...7ffac4d007.png

rsot 12-31-2016 08:36 AM

Re: PayPal affirms that they are a BANK!
 
Quote:

Originally Posted by unkown5454 (Post 821086)
no where in those posts does PP say they are a bank.

we all hate them, but please don't waste your strength on pure nonsense you made up in your head.

Anything for emotion unkown...

smartguy 12-31-2016 11:43 AM

Re: PayPal affirms that they are a BANK!
 
Quote:

Originally Posted by Play (Post 821112)
PayPal doesn't have a banking license. It is registered as a Money Service Business. A lot of its terms conform to the regulations imposed on banks - I assume just because they want to play it safe from a legal perspective. They do too many shady things to be classed a bank.

That first link makes no mention of PayPal holding a banking license, it just trys to infer they are.

That second link from the community discussion board at PayPal, simply says they are regulated *based* around banking standards - still no mention of a banking license.

Yes, that's true. they try to infer that they are.

But they should have written like Although not a bank, we still require to respect some Banking laws.

Play 12-31-2016 11:53 AM

Re: PayPal affirms that they are a BANK!
 
Quote:

Originally Posted by smartguy (Post 821158)
Yes, that's true. they try to infer that they are.

But they should have written like Although not a bank, we still require to respect some Banking laws.

Because when you infer something - you wouldn't want to make a follow up statement that contradicts it. :)

jmag91 12-31-2016 01:51 PM

Re: PayPal affirms that they are a BANK!
 
I think we should just get Elon Musk on the phone and have him answer the question.


:)

smartguy 12-31-2016 08:17 PM

Re: PayPal affirms that they are a BANK!
 
Quote:

Originally Posted by jmag91 (Post 821181)
I think we should just get Elon Musk on the phone and have him answer the question.


:)

Ok. Just called him. PayPal have all the rights a bank have, and all the obligations an indepedent 19 years old women have for her boyfriend. =}-


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