Comment Re:Then eBay can become a bank. (Score 2) 76
"Then eBay can become a bank. "
Since July 2007, PayPal has operated across the European Union as a Luxembourg-based bank.
But within the US they are not considered a bank, allowing PayPal to freeze funds of US citizens with no legal reason or ramifications. Additionally, point to make towards the OP, PayPal has owned Bill Me Later for a long time, and have been lending for years.