Paypal is NOT a bank
I find it funny how there are some American out there telling me that Paypal IS a bank. Their recent policy of increasing the fee have been very much a problem to most merchants out there. And no, I'm not a Paypal merchant. I will buy with Paypal, but not sell with Paypal, generally because Paypal will treat you different if you are a buyer, means you can just file a chargeback on your credit card company in case something is wrong, and Paypal can do nothing but forces the seller to return back their money. I was once a merchant, who uses Paypal but quit as soon as they held my money while asking me to confirm identity in fear that I am laundering money. Funny part? They claim that my $180 USD fund is what I'm trying to launder out of Thailand. What defines a bank? Simple, as long as your country's bank, in my case, Bank of Thailand, considers it as a bank, it is a bank. But Paypal is NOT a bank. They could never be a bank unless they improve their standard...