This analysis describes what PayPal's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
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"any balance in your Balance Account and any funds sent to you which have not yet been transferred to a linked bank account or linked debit card...represent unsecured claims against PayPal that are not eligible for FDIC pass-through insurance.Excerpt from PayPal's User Agreement
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The clause states: “any balance in your Balance Account and any funds sent to you which have not yet been transferred to a linked bank account or linked debit card...represent unsecured claims against PayPal that are not eligible for FDIC pass-through insurance.”
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