[Kye]

PayPal isn't a bank. They don't have the same obligations or protection. When a bank closes your account, they mail you a check with the balance, and that balance is insured up to $250,000. I don't know how it works in other countries, but they probably have something like the FDIC.

[cblconfederate]

It's a bank in the EU

[Kye]

Do they have the same reputation in the EU?

[cblconfederate]

well i havent had problems with them even if i held large amounts there, but my business with them was rather straightforward. Their KYC was reasonable

[ThisWasTaken]

as an European, yes, I've never heard someone get the money back when their account was locked.

[kwaskoff]

Russian banks need to do the same