@kernowlass wrote: @AZ109 Yep, checked UK user agreement and found this... https://www.paypal.com/uk/webapps/mpp/ua/useragreement-full PayPal is deemed authorised and regulated by the Financial Conduct Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website. So they are allowed to differ in normal UK companies regulations which is why they can tell you to access your account via a phone. They have enough lawyers to check all these things before implementing policy. The sentence that you highlight is one of those Delphic pronouncements that PP is rather prone to, so enigmatic that it could mean almost anything. Two different qualifications in one sentence, plus a "may" to me suggests someone is trying hard to cloud the issue and claim privileges it isn't sure of (to put it politely). If, as the last sentence seems to be saying that PP UK is operating under a temporary licence, is this attempt to beat everyone into line a crude attempt to present the FCA with a fait accompli before they become fully licenced and fully regulated by the FCA? Tech Corps. all employ brigades of lawyers. As you say their job is to check things before implementation. But just as much as checking the legality, they are also paid to see how far they can stretch the law before they break it. The intent of the FCA Guidelines is to ensure that no section of the UK population is denied access to financial services. PP's policy is just as clearly designed to do just that. To deny the use of one of the largest on-line payment processors to a significant number of UK citizens.
... View more