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Re:Paypal Horror Story 40k Frozen No Answers by KKKKkkkk1 on Sunday March 12, 2017 @07:04PM (#13853780)
PayPal doesn't need FDIC insurance because it's not in the money lending business. In fact, to my knowledge, PayPal had no trouble weathering the financial meltdown of 2007, whereas many regulated banks went under and had to be bailed out.
Re:Paypal Horror Story 40k Frozen No Answers by noway421 on Sunday March 12, 2017 @09:21PM (#13854505)
FDIC insurance is not only for financial meltdowns and saving customers money out of assets that deemed to be too risky. It would protect money if the whole PayPal would go down too. Which realistically probably wouldn't happen, but still insurance is insurance
Re:Paypal Horror Story 40k Frozen No Answers by edoceo on Sunday March 12, 2017 @10:24PM (#13854772)
PayPal does offer business line of credit. I see the damn interstitial ad every sign in
Re:Paypal Horror Story 40k Frozen No Answers by Dylan16807 on Sunday March 12, 2017 @11:46PM (#13855080)
Is it definitely from PayPal? I have a credit line in the PayPal interface but it's actually from some other company.