The situation may be worse for this kind of problem in the PayPal. That is because, in this problem, there are no existing of solution that the PayPal user can claim against their damage from this problem. As can be seen, there are no. regulatory treatment in this kind of problem. Also, the PayPal assert in their service agreement that the money in account does not the deposit in meaning of the law. As can be seen, PayPal state clearly in user agreement that;
"(i) PayPal is not the band and the Service is a payment processing service rather than a banking service, and (ii) PayPal is not acting as a trustee, fiduciary or escrow with respect to your fund
The situation may be worse for this kind of problem in the PayPal. That is because, in this problem, there are no existing of solution that the PayPal user can claim against their damage from this problem. As can be seen, there are no. regulatory treatment in this kind of problem. Also, the PayPal assert in their service agreement that the money in account does not the deposit in meaning of the law. As can be seen, PayPal state clearly in user agreement that;"(i) PayPal is not the band and the Service is a payment processing service rather than a banking service, and (ii) PayPal is not acting as a trustee, fiduciary or escrow with respect to your fund
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