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Originally Posted by baddog
Paypal isn't FDIC insured . . . banks are.
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You're right, PayPal themselves aren't.
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You do not need to keep funds with PayPal in order to use our service. If you do hold a balance, you can do so in two ways: (1) PayPal, as your agent, will place your funds in a pooled account at an unaffiliated FDIC-insured bank or savings institution, which is eligible for pass-through FDIC insurance coverage;
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