Who is the issuing bank for paypal?

PayPal operates as an online payment platform rather than a traditional bank, so it does not have a single issuing bank. Instead, it partners with various banks and financial institutions to facilitate transactions. In the U.S., PayPal is regulated as a money services business and has its own financial services division, which sometimes includes issuing debit cards and other products. For specific transactions, the issuing bank may vary based on the user's linked bank account or card.