It isn’t subject to the EU statutory deposit insurance, however. Edit: The above...

martin_a · 2025-09-15T16:45:45 1757954745

Is that an issue if you don't plan to "store" money in PayPal but only use it for payments?

PhantomHour · 2025-09-15T17:29:42 1757957382

You'd be surprised. A lot of sellers don't "cash out" from paypal all that often, letting tens of thousands pile up. (And inevitably, some of them get hit with arbitrary account closures and have that money seized)

layer8 · 2025-09-15T16:51:39 1757955099

In that case it isn’t, but this thread is specifically about holding money in PayPal: https://news.ycombinator.com/item?id=45250598

My point is that one doesn’t get all the protections normally taken for granted for EU bank accounts.

croes · 2025-09-15T18:11:43 1757959903

The question is if a EU bank has to provide deposit insurance but PayPal does not how can PayPal be a bank.

layer8 · 2025-09-15T19:00:28 1757962828

I haven’t researched the details, but it doesn’t work that way, because they aren’t providing regular bank accounts.

shim__ · 2025-09-16T12:07:58 1758024478

PayPal might be a bank but maybe PayPal accounts aren't bank accounts