They are. If you look at their documentation, that tell us they are not FDIC insured because they are not a bank, yet they have been making themselves out to be one for years now. And since they are not a bank, they technically don't EVER have to return your money to you and unfortunately us, the customers, don't have any legal action we can take against them. All PayPal has to do is pull the 'proprietary information' card as an excuse not to tell us. I was told I would have to get a subpoena filed against them to release my info.
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