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Paypal's New Setup Is Frankly, Stupid

Paypal's New Setup Is Frankly, Stupid

Image via Pixabay I am not a fan of PayPal's new setup. Now, in order for U.S. account holders to do basic things like keep a balance, or send money to friends or family, they have to have a separate "PayPal Cash" account linked to their basic PayPal account. This became effective in March in compliance with regulations from the Consumer Financial Protection Bureau. It's just unnecessary added hoops to jump through in my view, the old setup was fine, but typical of gov't agencies the CFPB no doubt thinks it's helping customers with the new regulation.