Comments on: PayPal gets banking licence in Europe

By: eBay, sa filiale PayPal et la Finance 2.0

eBay, sa filiale PayPal et la Finance 2.0 — Fri, 28 Dec 2007 22:03:35 +0000

[...] Mais sa filiale PayPal vient également de franchir une étape importante puis qu’elle est devenu officiellement une banque en Europe plus précisément au Luxembourg, là où elle va [...]

By: Andrew

Andrew — Wed, 16 May 2007 22:39:16 +0000

I will be interested to see how they deal with anti-money laundering issues. So far they have not had to by using, effectively, (other) banks to do the leg work. Now they are a bank are they going to maintain the same business model or will they look to dealing with the mountain of regulation that the banks have effectively been taking care of for them?

By: rshevlin

rshevlin — Wed, 16 May 2007 12:41:02 +0000

About 7 or 8 years ago, when I was w/ Forrester, I met w/ the founder of PayPal to discuss his new venture. I came away with two thoughts: 1) this guy is from another planet, and 2) there’s no way this thing is going to succeed.

The jury may still be out on thought #1, but MAN was I wrong on thought #2 (see, Dan, I’m big enough to admit when I’m wr…wr….not entirely right).

After I read your post, Colin, I thought “no way this is going to succeed in Europe.” But I was wrong before at PayPal.

By: tinfoiling

tinfoiling — Wed, 16 May 2007 10:05:55 +0000

As with any institution if you accept the public money for deposit you need to be regulated. If you don’t then taxpayers should not be liable if something fails. So those that deposit are at risk and please don’t go to big brother for the bail out when you know that from the start.