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  #1  
Old 12-30-2016
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Default 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 canít be changed.
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  #2  
Old 12-30-2016
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Default 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.....
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  #3  
Old 12-30-2016
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Default Re: PayPal affirms that they are a BANK!

Quote:
Originally Posted by mm78 View Post
zombies exist
i knew it!!!
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  #4  
Old 12-30-2016
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Default Re: PayPal affirms that they are a BANK!

Quote:
Originally Posted by MM78 View Post
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!
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  #5  
Old 12-30-2016
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Default Re: PayPal affirms that they are a BANK!

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Originally Posted by jmag91 View Post
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!
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  #6  
Old 12-30-2016
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Default Re: PayPal affirms that they are a BANK!

OMG, I love Paypal with all my heart and with all my soul.
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  #7  
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Default Re: PayPal affirms that they are a BANK!

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Originally Posted by slokor View Post
Thank you for shattering my belief system! You and MM78 both!
Hahahahaha!
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  #8  
Old 12-30-2016
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Default Re: PayPal affirms that they are a BANK!

Quote:
Originally Posted by empirestate View Post
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!

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  #9  
Old 12-30-2016
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Default Re: PayPal affirms that they are a BANK!

I <3 PayPal.
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  #10  
Old 12-31-2016
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Talking Re: PayPal affirms that they are a BANK!

Quote:
Originally Posted by smartguy View Post
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
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Default 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.
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  #12  
Old 12-31-2016
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Default 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.
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  #13  
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Talking Re: PayPal affirms that they are a BANK!

Quote:
Originally Posted by unkown5454 View Post
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
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  #14  
Old 12-31-2016
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Default 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.
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  #15  
Old 12-31-2016
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Default Re: PayPal affirms that they are a BANK!

Top google search of "is paypal a bank"
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  #16  
Old 12-31-2016
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Default Re: PayPal affirms that they are a BANK!

Quote:
Originally Posted by unkown5454 View Post
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...
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  #17  
Old 12-31-2016
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Default Re: PayPal affirms that they are a BANK!

Quote:
Originally Posted by Play View Post
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.
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  #18  
Old 12-31-2016
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Default Re: PayPal affirms that they are a BANK!

Quote:
Originally Posted by smartguy View Post
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.
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  #19  
Old 12-31-2016
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Default 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.


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  #20  
Old 12-31-2016
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Default Re: PayPal affirms that they are a BANK!

Quote:
Originally Posted by jmag91 View Post
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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