do you think paypal should setup their own baking system

@jedelac (201)
Philippines
September 21, 2009 10:16am CST
with millions of members worldwide and transactionds done every seconds do you think paypal should set up their own banking system i'm sure all of it's user will benefit from this idea
1 person likes this
6 responses
moonchild1au
@moonchild1au (6240)
• Australia
21 Sep 09
This is a fantatic idea - then it wouldn't take so long for the money to go into our bank accounts - even if they just issued us with an atm card so we could withdraw our money from an atm or purchase using eftpos - this would be great...I know I'd be one of the first to use it.
1 person likes this
tdemex
@tdemex (3540)
• United States
22 Sep 09
They all ready have an ATM card! Read my response above! tdemex
moonchild1au
@moonchild1au (6240)
• Australia
23 Sep 09
I didn't know that...I'm gonna check this out to see if paypal Australia offers an ATM card
tdemex
@tdemex (3540)
• United States
21 Sep 09
They pretty much all ready do this! I've had a paypal mastercard for a few months now and it even works at the grocery store here in Mexico! It's a debit card and works at all the ATMs and the Dollar to peso conversion is very fair! tdemex
joye68
@joye68 (151)
• United States
22 Sep 09
I'd say that it is the online style of banking. Practically no overhead and very small service charges per use. (I take PayPal & VISA/MC so there are fees associated with this). I like that it's online cash. It's convenient and yes, conversion is very fair as well. I don't think I'd like for it to become like the mainstream banking. Look at all the prior bailouts. They should leave things alone for now... maybe an evolution of sorts later where I can have my paycheck directly deposited into the account and to be able to have a better billpay system. But other than that, nay. I like it how it is.
Sir_bobby88
@Sir_bobby88 (8231)
• Singapore
21 Sep 09
I doubt they would do that because they had always been a third party between bank and user yea , they won't be able to do that if they had a banking system .
mipen2006
@mipen2006 (5528)
• Australia
21 Sep 09
It is a banking system, for internet users. However, I guess it doesn't want to spread into mainstream banking. Just think of all the extra charges we users would have to cope with. I for one think Paypal is good just as is is and hope it never expands..
k sridharprasad
@yugasini (12836)
• Anantapur, India
21 Sep 09
hi jedelac, what is the present position of paypal,there are few more companies like that just like alertpay,what is the difference between in those companies and paypal,what speciality should paypal have,kindly explain everything about paypal,have a nice day
lordcaocao2025
@lordcaocao2025 (4098)
• Indonesia
21 Sep 09
i think they should. So it will be easy for me to cash in the money in my paypal balance, and off course, because it is a bank, they dont charge money for cashing in the money from the paypal balance. $1.6 every time i cashing in my money is quite a lot. Is it hard to make money in the net, and they charge me too for cashing in. ( Well if they make a bank, i hope there is a branch in my contry, because if its not, then itu doesnt matter to me ) Well that my 2 cent