Everything indicates that PayPal would be working to offer credit cards to users, among other traditional banking services, but they would not think of replacing the most stale banking.

One of the most popular payment platforms on the web is PayPal, which has become a very popular standard for making payments or as a means of payment for all types of digital stores. The company, according to the latest information, would be working to expand its business beyond the network and the company would like to copy the payment services of conventional banking, developing its own credit cards.

The Wall Street Journal reports that PayPal would be secretly partnering with a large number of small banks, in order to offer the services that they cannot currently offer, and for this they would also need a banking license in the United States. PayPal, therefore, could offer debit cards to users, just like any other bank and also allow the deposit of checks and loans to customers and small businesses.

In addition, these services would not have any type of monthly cost and a minimum amount of balance would not be needed, but users must pay ATM commissions, when they use ATMs outside the PayPal network and at least 1 % of each of the checks deposited.

Bill Ready, who is PayPal's director of operations, assures that the company has no interest in replacing traditional banks, the only thing they seek is to offer their customers new solutions, which they normally cannot use. Today, the platform has millions of users around the world and has become the payment service par excellence on the Internet, due to its security and reliability, which not everyone can say.

Source: TheVerge