[celestialcheese]

Operating a bank, lending, and money transfer operations in so many countries requires an incredible amount of behind the scenes work.

Plus all the KYC, support, fraud, and infrastructure to support all those roles.

You wouldn't know it based on how terrible their support is, but that 28k number doesn't shock me.

[fumblebee]

To be clear, PayPal is not a bank. But they will absolutely perform everything you mentioned here, and I agree with your assessment.

[joshuaissac]

> To be clear, PayPal is not a bank.

PayPal is a bank in the EU and has a banking licence from Luxembourg's CSSF.

[fumblebee]

I stand corrected!

[zinekeller]

In the US, yes (in most cases PayPal is legally a money transmitter), but as sibling comment pointed out this is not necessarily the case in other countries with stricter legislation.

[PartiallyTyped]

Starbucks isn't a bank either, but they also kind of are [1].

https://www.youtube.com/watch?v=mr039xnco-8