Why is Paypal withdrawing its participation in the UK Financial Ombudsman Service?
Why is Paypal withdrawing its participation in the UK Financial Ombudsman Service? How will that effect our protection? If you have a complaint you will no longer be able to raise it with the UK Ombudsman. Instead you have to deal with Luxembourg.
Paypal only has a Temporary approval from the UK Financial Conduct Authority to operate in the UK. Shouldn't that approval be dependent upon them participating in the Ombudsman scheme?
Why is the FCA approval only temporary?
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