1. Advertising
    y u no do it?

    Advertising (learn more)

    Advertise virtually anything here, with CPM banner ads, CPM email ads and CPC contextual links. You can target relevant areas of the site and show ads based on geographical location of the user if you wish.

    Starts at just $1 per CPM or $0.10 per CPC.

Paypal is growing... could they become a bank?

Discussion in 'PayPal' started by Luke Beale, Apr 10, 2007.

0
Page 1 of 2
  1. #1
    I was looking and PayPal offer so many online services i think they could open a bank in the future.

    Anyone agree or disagree with what i think?
     
    Luke Beale, Apr 10, 2007 IP
    uttoransen likes this.
  2. ewriter

    ewriter Banned

    Messages:
    590
    Likes Received:
    9
    Best Answers:
    0
    Trophy Points:
    0
    #2
    I would like to see their own postal service to send check quickly.
     
    ewriter, Apr 10, 2007 IP
    uttoransen likes this.
  3. uttoransen

    uttoransen Prominent Member

    Messages:
    8,227
    Likes Received:
    550
    Best Answers:
    0
    Trophy Points:
    320
    #3
    yes, if they become a corier service in future, i will be happy!!:D

    but then they an online bank, they have to open more branchies through out the world, that will do!!:)
     
    uttoransen, Apr 11, 2007 IP
  4. ReadyToGo

    ReadyToGo Peon

    Messages:
    2,853
    Likes Received:
    78
    Best Answers:
    0
    Trophy Points:
    0
    #4
    They would need to be more stable in order to become a bank; too many people are having problems with them.
     
    ReadyToGo, Apr 11, 2007 IP
  5. Luke Beale

    Luke Beale Peon

    Messages:
    2,115
    Likes Received:
    27
    Best Answers:
    0
    Trophy Points:
    0
    #5
    Well if they become more stable then they could i think :D
     
    Luke Beale, Apr 11, 2007 IP
  6. milbs06

    milbs06 Peon

    Messages:
    293
    Likes Received:
    12
    Best Answers:
    0
    Trophy Points:
    0
    #6
    no way. they wont be able to get approved. more people hate paypal than like it. i for one have had over 5k locked in there for 180 days for no reason and that is another reason why i will never use it again.
     
    milbs06, Apr 11, 2007 IP
  7. eddy2099

    eddy2099 Peon

    Messages:
    8,028
    Likes Received:
    568
    Best Answers:
    0
    Trophy Points:
    0
    #7
    They are good at what they do so let's keep it that way and not open a new can of worms.

    Banks are complicating creatures and are heavily regulated.
     
    eddy2099, Apr 11, 2007 IP
  8. sukantab

    sukantab Well-Known Member

    Messages:
    2,075
    Likes Received:
    49
    Best Answers:
    0
    Trophy Points:
    110
    #8
    They will never want to become a bank, they are happy with what they are doing. Banks need to give cutomers some basic services and they are under some strict regulations, which they will never be able to provide and will be in a chance of getting sued..
     
    sukantab, Apr 11, 2007 IP
  9. sanjeev2099

    sanjeev2099 Peon

    Messages:
    7
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #9
    i think they can become more stable and reliable when they will become a bank.
     
    sanjeev2099, Apr 11, 2007 IP
  10. getjimmy

    getjimmy Prominent Member

    Messages:
    17,260
    Likes Received:
    1,005
    Best Answers:
    0
    Trophy Points:
    360
    #10
    They still need some improvement.
     
    getjimmy, Apr 11, 2007 IP
  11. RovingCalypso

    RovingCalypso Well-Known Member

    Messages:
    2,467
    Likes Received:
    85
    Best Answers:
    0
    Trophy Points:
    138
    #11
    They should start service in more countries before doing anything else.
     
    RovingCalypso, Apr 11, 2007 IP
  12. hextraordinary

    hextraordinary Well-Known Member

    Messages:
    2,171
    Likes Received:
    115
    Best Answers:
    0
    Trophy Points:
    105
    #12
    They offer debit/cash card, credit cards, interest saving accounts and many other bank services, why would they want to get into all the banking regulations when they can enjoy all the benefits now and not have to deal with regulators as much?
     
    hextraordinary, Apr 11, 2007 IP
    uttoransen likes this.
  13. immortality

    immortality Peon

    Messages:
    1,512
    Likes Received:
    50
    Best Answers:
    0
    Trophy Points:
    0
    #13
    Like hex stated, they already have savings accounts where you can get interest. They offer pretty much anything a bank could offer, they dont need any more.
     
    immortality, Apr 11, 2007 IP
  14. odysseus

    odysseus Peon

    Messages:
    881
    Likes Received:
    20
    Best Answers:
    0
    Trophy Points:
    0
    #14
    Paypal should remain doing what they are doing best with the status of a bank to get recognition from foreign countries. This will ease a lot of difficulties faced by many potential users from countries that do not recognize Paypal.
     
    odysseus, Apr 12, 2007 IP
  15. Bondat

    Bondat Peon

    Messages:
    2,397
    Likes Received:
    217
    Best Answers:
    0
    Trophy Points:
    0
    #15
    I think they need to be available to more countries (the send and receive paypal money capability) first before anything else. :D
     
    Bondat, Apr 12, 2007 IP
  16. Brennan

    Brennan Notable Member

    Messages:
    3,318
    Likes Received:
    198
    Best Answers:
    0
    Trophy Points:
    240
    #16
    Then I could get adsense to send my money direct to my paypal :)
     
    Brennan, Apr 12, 2007 IP
  17. tradeepak

    tradeepak Banned

    Messages:
    1,518
    Likes Received:
    69
    Best Answers:
    0
    Trophy Points:
    0
    #17
    They will NEVER become a bank for at least next 100 years..

    Because bank cannot block an account and keep the money for themselves. Becoz u need to open an account by providing docs and they cannot block accounts without government notice.

    So PayPal will always be PayPal and will always suck... (Suck innocent people's money)

    Gash!, How much cash do they have in Limited accounts? Perhaps 1 billion :(
     
    tradeepak, Apr 12, 2007 IP
  18. mubin

    mubin Notable Member

    Messages:
    3,434
    Likes Received:
    123
    Best Answers:
    0
    Trophy Points:
    240
    #18
    They would never want to be a bank...

    Too many regulations.
     
    mubin, Apr 12, 2007 IP
  19. sumbitarticle

    sumbitarticle Active Member

    Messages:
    426
    Likes Received:
    7
    Best Answers:
    0
    Trophy Points:
    58
    #19
    ABsolutely want them to send my paypal check in less that 7 days lol
     
    sumbitarticle, Apr 12, 2007 IP
  20. animateddesigns

    animateddesigns Peon

    Messages:
    45
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #20
    i dont think paypal will ever become a bank. if they did they would have to abide by laws that protect us and our money.
     
    animateddesigns, Apr 12, 2007 IP
Page 1 of 2