Does someone know whether Paypal is affected by the worldwide credit crisis? They're not regulated as a real bank in the US while they received a banking license in Luxembourg last year to service its European clients. They're not only doing money transfers these days but also offer loans and credit cards. What are the chances they go down, are they related with other banks and are customers savings secured by local regulations?|||The whole credit crisis is mainly affecting banks that made too many stupid loans and now they're paying the price. PayPal is not a bank, nor will it ever claim to be. The credit cards you speak of are actually issued by a third party credit company called GE Money whom are pretty widely known. Now there is one reality I would like to point out, because PayPal is not a bank you do not qualify for the $100,000 of FDIC insurance that all banks offer.
I Hope This Helps!
|||Paypal has nothing to do with ongoing credit crisis. Cheer up!!
visit:- http://www.paisawaisa.com/|||of course not!!!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment