Comments on: PayPal becomes a Bank, no longer under FSA http://tamebay.com/2007/05/paypal-becomes-a-bank-no-longer-under-fsa.html eBay & ecommerce made easy Wed, 17 Mar 2010 01:57:49 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Bank News http://tamebay.com/2007/05/paypal-becomes-a-bank-no-longer-under-fsa.html#comment-32380 Bank News Sat, 15 Mar 2008 18:17:01 +0000 http://www.tamebay.com/2007/05/paypal-becomes-a-bank-no-longer-under-fsa.html#comment-32380 I dont suppose the average person cared or really new what difference this would make. I know I have used Paypal a few times and never even realised the change. If it makes the business more competative, then i am all for that, especially as other financial organisations seem to be goin through a bad time. I dont suppose the average person cared or really new what difference this would make.
I know I have used Paypal a few times and never even realised the change.

If it makes the business more competative, then i am all for that, especially as other financial organisations seem to be goin through a bad time.

]]> By: mia chapman http://tamebay.com/2007/05/paypal-becomes-a-bank-no-longer-under-fsa.html#comment-26668 mia chapman Tue, 12 Feb 2008 06:27:30 +0000 http://www.tamebay.com/2007/05/paypal-becomes-a-bank-no-longer-under-fsa.html#comment-26668 well to me the protection for buyers that paypal is suposed to protect is rubbish....ive lost 3200 usd due to paypal and there so called protection scheme and the one thing that is annoying is a bank comminicates paypal just hides from problems...i hope you are happy paypal and believe me i will goto every press office in the united kingdom and show my case!! well to me the protection for buyers that paypal is suposed to protect is rubbish….ive lost 3200 usd due to paypal and there so called protection scheme and the one thing that is annoying is a bank comminicates paypal just hides from problems…i hope you are happy paypal and believe me i will goto every press office in the united kingdom and show my case!!

]]> By: PayPal “moves” from Ireland to Singapore : TameBay http://tamebay.com/2007/05/paypal-becomes-a-bank-no-longer-under-fsa.html#comment-9252 PayPal “moves” from Ireland to Singapore : TameBay Sun, 29 Jul 2007 14:34:06 +0000 http://www.tamebay.com/2007/05/paypal-becomes-a-bank-no-longer-under-fsa.html#comment-9252 [...] The Irish Sunday Business Post today carries two articles about PayPal. In the first it states that PayPal have relocated “a significant portion of its business to Singapore for accounting and taxation purposes“. This follows on from PayPal establishing a Bank in Luxembourg to which all European PayPal accounts were transferred to on 2nd July this year. [...] [...] The Irish Sunday Business Post today carries two articles about PayPal. In the first it states that PayPal have relocated “a significant portion of its business to Singapore for accounting and taxation purposes“. This follows on from PayPal establishing a Bank in Luxembourg to which all European PayPal accounts were transferred to on 2nd July this year. [...]

]]> By: SIF in Core debacle still troubles eBay : TameBay http://tamebay.com/2007/05/paypal-becomes-a-bank-no-longer-under-fsa.html#comment-8199 SIF in Core debacle still troubles eBay : TameBay Wed, 18 Jul 2007 23:52:23 +0000 http://www.tamebay.com/2007/05/paypal-becomes-a-bank-no-longer-under-fsa.html#comment-8199 [...] The message from eBay Q2 2007 Investment Conference Call is that numbers up great, business is up (at least closing rates for sellers are, listings are down but that’s ok). We’ve got cash in the bank, we’re generating cash, everything is great. Top management is stronger than it’s ever been and they know what direction they’re driving the eBay businesses in for the future. The titbit hidden away that made me smile was Geographic tax savings, I guess that’s “Thank you Luxembourg (and an encore)”. [...] [...] The message from eBay Q2 2007 Investment Conference Call is that numbers up great, business is up (at least closing rates for sellers are, listings are down but that’s ok). We’ve got cash in the bank, we’re generating cash, everything is great. Top management is stronger than it’s ever been and they know what direction they’re driving the eBay businesses in for the future. The titbit hidden away that made me smile was Geographic tax savings, I guess that’s “Thank you Luxembourg (and an encore)”. [...]

]]> By: Goodbye Geoff Iddison, Hello Carl-Olav Scheible : TameBay http://tamebay.com/2007/05/paypal-becomes-a-bank-no-longer-under-fsa.html#comment-5940 Goodbye Geoff Iddison, Hello Carl-Olav Scheible : TameBay Mon, 11 Jun 2007 12:47:53 +0000 http://www.tamebay.com/2007/05/paypal-becomes-a-bank-no-longer-under-fsa.html#comment-5940 [...] Carl joined PayPal in 2004 and has risen rapidly and moves from being head of UK merchant services for PayPal Europe to lead PayPal in the UK. He is not stranger to finance having held positions with Venture Capitalists and American Express in the past. Carl moves to lead the UK at an interesting point in PayPal’s history. On the 2nd July PayPal becomes a bank headquarted in Luxembourg and all European PayPal accounts will be moved to PayPal Europe SÃ rl & Cie, SCA (PayPal Luxembourg). [...] [...] Carl joined PayPal in 2004 and has risen rapidly and moves from being head of UK merchant services for PayPal Europe to lead PayPal in the UK. He is not stranger to finance having held positions with Venture Capitalists and American Express in the past. Carl moves to lead the UK at an interesting point in PayPal’s history. On the 2nd July PayPal becomes a bank headquarted in Luxembourg and all European PayPal accounts will be moved to PayPal Europe SÃ rl & Cie, SCA (PayPal Luxembourg). [...]

]]> By: Luxembourg votes to keep eBay tax low : TameBay http://tamebay.com/2007/05/paypal-becomes-a-bank-no-longer-under-fsa.html#comment-5579 Luxembourg votes to keep eBay tax low : TameBay Thu, 07 Jun 2007 11:22:05 +0000 http://www.tamebay.com/2007/05/paypal-becomes-a-bank-no-longer-under-fsa.html#comment-5579 [...] eBay and PayPal have both recently moved their European head offices to Luxembourg. For PayPal the main advantage was a banking licence which allows it to offer services more attractive to mainstream businesses. For eBay undoubtedly it’s because the Duchy has a low VAT rate which is applicable to all fees charged to eBay users. [...] [...] eBay and PayPal have both recently moved their European head offices to Luxembourg. For PayPal the main advantage was a banking licence which allows it to offer services more attractive to mainstream businesses. For eBay undoubtedly it’s because the Duchy has a low VAT rate which is applicable to all fees charged to eBay users. [...]

]]> By: Neil http://tamebay.com/2007/05/paypal-becomes-a-bank-no-longer-under-fsa.html#comment-3667 Neil Tue, 15 May 2007 17:47:25 +0000 http://www.tamebay.com/2007/05/paypal-becomes-a-bank-no-longer-under-fsa.html#comment-3667 hi I work at PayPal’s UK pr agency. Just to say that PayPal in the UK will, as you say, be regulated from Lux. However it will remain a voluntary member of the UK’s Financial Ombudsman Service so UK PayPal customers will still have recourse to that if they can’t sort an issue out directly. Hope that helps. neil hi

I work at PayPal’s UK pr agency. Just to say that PayPal in the UK will, as you say, be regulated from Lux. However it will remain a voluntary member of the UK’s Financial Ombudsman Service so UK PayPal customers will still have recourse to that if they can’t sort an issue out directly. Hope that helps.

neil

]]> By: Sue http://tamebay.com/2007/05/paypal-becomes-a-bank-no-longer-under-fsa.html#comment-3662 Sue Tue, 15 May 2007 16:48:39 +0000 http://www.tamebay.com/2007/05/paypal-becomes-a-bank-no-longer-under-fsa.html#comment-3662 There is no VAT on Paypal fees: financial institutions are exempt from VAT. There is no VAT on Paypal fees: financial institutions are exempt from VAT.

]]> By: Des http://tamebay.com/2007/05/paypal-becomes-a-bank-no-longer-under-fsa.html#comment-3658 Des Tue, 15 May 2007 15:00:19 +0000 http://www.tamebay.com/2007/05/paypal-becomes-a-bank-no-longer-under-fsa.html#comment-3658 Does this mean VAT exemption on Paypal fees for VAT registered sellers?? Does this mean VAT exemption on Paypal fees for VAT registered sellers??

]]> By: Chris Dawson http://tamebay.com/2007/05/paypal-becomes-a-bank-no-longer-under-fsa.html#comment-3650 Chris Dawson Tue, 15 May 2007 11:19:43 +0000 http://www.tamebay.com/2007/05/paypal-becomes-a-bank-no-longer-under-fsa.html#comment-3650 I've now received an email from PayPal informing me of the upcoming changes, the only additional news is that if I'd rather not deal with a bank in Luxembourg I'm at liberty to close my account!<div class=quote">If you do not wish to continue your relationship with PayPal, you may close your account at any time by logging in to your account, clicking Profile, and following the instructions from the "Close Account" link.</div>I think on balance I'll keep my account :-D I’ve now received an email from PayPal informing me of the upcoming changes, the only additional news is that if I’d rather not deal with a bank in Luxembourg I’m at liberty to close my account!
If you do not wish to continue your relationship with PayPal, you may close your account at any time by logging in to your account, clicking Profile, and following the instructions from the “Close Account” link.

I think on balance I’ll keep my account :-D

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