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This is already reality. Paypal shuts down inactive accounts. (And guess what they do with the positive balance.)
by nuka_coffee 5y ago
This is already reality. Paypal shuts down inactive accounts. (And guess what they do with the positive balance.)
- Kye 5y agoPayPal isn't a bank. They don't have the same obligations or protection. When a bank closes your account, they mail you a check with the balance, and that balance is insured up to $250,000. I don't know how it works in other countries, but they probably have something like the FDIC.
- cblconfederate 5y agoIt's a bank in the EU
- Kye 5y agoDo they have the same reputation in the EU?
- cblconfederate 5y agowell i havent had problems with them even if i held large amounts there, but my business with them was rather straightforward. Their KYC was reasonable
- ThisWasTaken 5y agoas an European, yes, I've never heard someone get the money back when their account was locked.
- kwaskoff 5y agoRussian banks need to do the same