At the end of March, customers of PayPal has posted more than 13 billion dollars in their account at e-commerce company. Compare with the kind of similar deposits at most banks, this figure takes PayPal up position just behind the Bank TD Bank, is the U.S. branch of the Toronto Dominion Bank, or Bank Capital One Financial Corp., according to data provider S & P Global Market Intelligence, said.Under U.s. law, PayPal is not a Bank, and the aforementioned sum not deposits, which is just the cash keeping households do not affect the interest of the consumer, ready to spend. PayPal does not provide deposit insurance for customers who keep money in their account. This company does not enjoy the powers, or is controlled by the governing body, such as for a bank. And Paypal has primarily been a turnover when done moving this money, rather than in the time of money be kept in your account.
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