So what does that mean in practice? | Hacker News

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		rytis on Jan 21, 2013 \| parent \| context \| favorite \| on: Taking payments online in Europe in 2013 So what does that mean in practice?

return0 on Jan 21, 2013 | [–]

They require lots of documentation when you register as a business. They also have to comply with EU regulations, which, hopefully, also protects us as business owners. IANAL, so i don't know what are the practical implications.

http://en.wikipedia.org/wiki/PayPal#Regulation

jahewson on Jan 21, 2013 | [–]

They pay very little tax

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