Quote:
Originally Posted by suchan
Paypal is a very known scammer, just look around the web and you will find hundreds of stories of people who lost all the money Paypal held for them, because Paypal is not a bank and is not subject to any financial laws.
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Guess that depends where you live. In the EU, PayPal has been a Luxembourg-based bank since July 2007, is subject to the same regulatory authorities as all other banks, and your deposit with them is protected by law, just like any other bank.