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That is not true in the UK, where the OP is operating in. Paypal is a bank here and subject to regulations.


Whose regulations, though? They're not a UK bank, and it doesn't seem clear that UK courts have any practical ability to help if a UK merchant has a dispute with PayPal and feels they need to resort to legal action.


Ah, I missed that he was in the UK. Thanks for pointing it out.




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