>> |
02/06/12(Mon)00:13 No.22735721>>22735510
>I guess my question is then, is paypal a digital bank account sans the interest rate. And it seems that way
your
question seems to imply that interest rate is anymore an important
incentive for people to deposit money in banks. this is not true. no
banks give you enough interest to cover inflation, so you never make
money from deposits. people use banks for convenience.
and this
also begs the question of what constitute a bank account. there are many
places where you can give them money and they will give you back. if
you send too much money to your phone provider for example, they will
put a debit on your account. from which they will subtract further
payments. if you have enough money on, you could conceivably ask them to
send back your money, which they would most certainly will, minus some
fees. thereby making every utility a de facto bank account, if you
characterise a bank account as some place where you can put money and
get it back later.
paypal, at its core, is a service to
accomodate internet purchases. most banks do this. most banks also
invest their deposits. paypal also does this.
so really a bank
is a set of different financial services. paypal overlaps this set. so
whether or not paypal is a bnk depends on which part of this set you
consider to constitute a bank. |