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paypal is fine if the person getting the money is in europe as they are considerd a bank here which dose give them some protections but more improtantly they also have obligations as banks must act in a certain way. US banks have the same laws but since paypal is not a bank in the US they don't give a fuck about it there.
the main reason why using paypal in europe is ok and why you should not use paypal in the US.
yeah they have skirted around US law for years not to be a bank and i remeber there are ongoing investigation inorder to try and make them into banks which would stop a majority of the stupid shit paypal dose.
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[–] harith 0 points 2 points 2 points (+2|-0) ago
paypal is fine if the person getting the money is in europe as they are considerd a bank here which dose give them some protections but more improtantly they also have obligations as banks must act in a certain way. US banks have the same laws but since paypal is not a bank in the US they don't give a fuck about it there.
the main reason why using paypal in europe is ok and why you should not use paypal in the US.
[–] Powerdrift ago
I had no idea PayPal is a bank in Europe. Good to know!
[–] harith 0 points 1 point 1 point (+1|-0) ago
yeah they have skirted around US law for years not to be a bank and i remeber there are ongoing investigation inorder to try and make them into banks which would stop a majority of the stupid shit paypal dose.