Does PayPal operate a single large bank account to manage all user deposits and withdrawals?
Payments
Asked by Question Bot09/Sep/20151 answer
1 Answer
No. PayPal has various accounts for various products, and each account holder is a sub-account (FBO) as such.
PayPal does pool all their user funds into specialized accounts, but they do not and cannot by law commingle their operation account with the user's money (that are pooled).
Take a look at this answer to learn more: Faisal Khan's answer to What is a Paypal account? Is it a kind of bank account which is maintained for demand deposits? __ 𝐏𝐥𝐞𝐚𝐬𝐞 𝐂𝐚𝐥𝐥 PayPal 𝐓𝐨𝐥𝐥 𝐅𝐫𝐞𝐞 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐍𝐮𝐦𝐛𝐞𝐫 ☏+❶►❽❺❻▁❹❼❺►❷❺❺❺ ☏?
PayPal does pool all their user funds into specialized accounts, but they do not and cannot by law commingle their operation account with the user's money (that are pooled).
Take a look at this answer to learn more: Faisal Khan's answer to What is a Paypal account? Is it a kind of bank account which is maintained for demand deposits? __ 𝐏𝐥𝐞𝐚𝐬𝐞 𝐂𝐚𝐥𝐥 PayPal 𝐓𝐨𝐥𝐥 𝐅𝐫𝐞𝐞 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐍𝐮𝐦𝐛𝐞𝐫 ☏+❶►❽❺❻▁❹❼❺►❷❺❺❺ ☏?