Because some people haven't heard it yet: PAYPAL IS NOT A BANK, DO NOT LEAVE MORE THAN A COUPLE HUNDRED DOLLARS SITTING IN YOUR ACCOUNT AT ANY TIME. MOVE IT TO YOUR BANK ACCOUNT IMMEDIATELY.

Paypal can and will close your account and steal all your money without warning. And have done MANY times.

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I learn thanks to this post that it's only technically a bank in Europe (as a European citizen, I have to declare my account to the French IRS)

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